Barclays Initiates Coverage on Big Lots to Equal-weight

Barclays Initiates Coverage on Big Lots(NYSE:BIG). The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 23, 2016.

In a different note, On Sep 1, 2016, Citigroup said it Maintains its rating on Big Lots. In the research note, the firm Lowers the price-target to $62.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 2, 2016, Northcoast Research said it Downgrades its rating on Big Lots. The shares have been rated ‘Neutral’ by the firm.

Big Lots (BIG) made into the market gainers list on Tuesdays trading session with the shares advancing 2.57% or 1.19 points. Due to strong positive momentum, the stock ended at $47.41, which is also near the day’s high of $47.4799. The stock began the session at $46.4 and the volume stood at 11,37,384 shares. The 52-week high of the shares is $56.3 and the 52 week low is $33.78. The company has a current market capitalization of $2,111 M and it has 4,45,17,342 shares in outstanding.

Big Lots(BIG) last announced its earnings results on Aug 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.20B. Analysts had an estimated revenue of $1.22B. Earnings per share were $0.52. Analysts had estimated an EPS of $0.46.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Timothy A Johnson (Executive Vice President) sold 12,262 shares at $50.88 per share price.Also, On Jul 13, 2016, Russell Solt (director) sold 3,000 shares at $52.10 per share price.On Jul 13, 2016, Jeffrey Paul Berger (director) sold 7,500 shares at $53.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Big Lots Inc. is a United States-based discount retailer. As of December 31 2014 the Company through its wholly owned subsidiaries operated 1460 stores in 48 states. The Company’s Food category includes beverage and grocery candy and snacks and specialty foods. Its Consumables category includes health and beauty plastics paper chemical and pet departments. Its Soft Home category includes fashion bedding utility bedding bath window decorative textile and flooring and the Hard Home category includes small appliances table top food preparation stationery greeting card tools paint and home maintenance departments. Its Furniture & Home Decor category includes upholstery mattress case goods home decor and frames; the Seasonal category includes lawn & garden summer Christmas toys books sporting goods and other holiday and its Electronics & Accessories category includes electronics jewelry apparel hosiery and infant accessories departments.

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