Big Lots (BIG) Receives Analyst Rating

Big Lots (BIG) : The consensus on Big Lots (BIG) based on 9 analyst recommendation on the company stock is 2.11, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Big Lots (BIG) : The most positive equity analysts on Big Lots (BIG) expects the shares to touch $60, whereas, the least positive believes that the stock will trade at $42 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $53.5 with an expected fluctuation of $7.39 from the mean.


Also, 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 lowers the price target to $59 per share from $62 per share. The rating by the firm was issued on September 1, 2016.

Big Lots (NYSE:BIG): After opening at $47.56, the stock dipped to an intraday low of $47.13 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $47.92 and the buying power remained strong till the end. The stock closed at $47.9 for the day, a gain of 0.78% for the day session. The total traded volume was 712,667. The stocks close on the previous trading day was $47.53.

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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