Analyst Price Target Update on Big Lots (NYSE:BIG)

Big Lots (NYSE:BIG): According to 12 Analysts, The short term target price has been estimated at $ 52.92.The target price could deviate by a maximum of $6.54 from the forecast price. In the near term, the target price could hit a high of $60 and a low of $ 42.

Many analysts have stated their opinion on the company shares. Citigroup maintains their rating on the shares of Big Lots (NYSE:BIG). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $62 per share from $53 per share. The rating by the firm was issued on June 6, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Big Lots Inc, Mallott Philip E had sold 5,000 shares worth of $260,400 in a transaction dated May 31, 2016. In this transaction, 5,000 shares were sold at $52.08 per share.

Big Lots (NYSE:BIG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.24 points or 2.35% at $51.42 with 1,199,965 shares getting traded. Post opening the session at $52.53, the shares hit an intraday low of $51.27 and an intraday high of $52.58 and the price was in this range throughout the day. The company has a market cap of $2,282 million and the number of outstanding shares have been calculated to be 44,373,821 shares. The 52-week high of Big Lots (NYSE:BIG) is $53.35 and the 52-week low is $33.78.

Big Lots, Inc. is a United States-based discount retailer. As of December 31, 2014, the Company, through its wholly owned subsidiaries, operated 1,460 stores in 48 states. The Companys 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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