Big Lots (BIG) : 11 analysts are covering Big Lots (BIG) and their average rating on the stock is 2.27, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Big Lots (BIG) : 10 investment research analysts covering Big Lots (BIG) have an average price target of $52.2 for the near short term. The highest target price given by the Brokerage Firm to the stock is $60 and the lowest target is $42 for the short term. Analysts expect the variance to be within $6.96 of the average price.
For the current week, the company shares have a recommendation consensus of Buy.
Big Lots (NYSE:BIG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.65 and $49.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.47, notching a gain of 2.52% for the day. The total traded volume was 1,157,091 . The stock had closed at $51.18 on the previous day.
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.