Big Lots (BIG) Receives Price Target

Big Lots (BIG) : The consensus price target for Big Lots (BIG) is $53.5 for the short term with a standard deviation of $7.39. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $60, however, the pessimist price target for the company is $42.

Big Lots (BIG) : Zacks Investment Research ranks Big Lots (BIG) as 2, which is a Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.11, which indicates as a Buy.


Also, Equity analysts at the Brokerage firm Northcoast Research downgrades its rating on Big Lots (NYSE:BIG). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 2, 2016.

Big Lots (NYSE:BIG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.18 and $48.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.40, notching a gain of 0.16% for the day. The total traded volume was 926,420 . The stock had closed at $49.32 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.

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