Citigroup Maintains Big Lots to Buy with Price Target $62.00

Brokerage firm Citigroup Maintains its rating on Big Lots(NYSE:BIG). In a research note issued to the investors, the brokerage major Raises the price-target to $62.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Jun 6, 2016.

In a different note, Oppenheimer said it Initiates Coverage on Big Lots, according to a research note issued on Jun 3, 2016. The shares have been rated ‘Outperform’ by the firm. Topeka Capital said it Initiates Coverage on Big Lots, according to a research note issued on May 24, 2016. The shares have been rated ‘Hold’ by the firm. On May 23, 2016, Deutsche Bank said it Downgrades its rating on Big Lots. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Hold’ by the firm. On Apr 16, 2016, Barclays said it Terminates its rating on Big Lots. Credit Suisse said it Initiates Coverage on Big Lots, according to a research note issued on Mar 16, 2016. The shares have been rated ‘Underperform’ by the firm.

Big Lots (BIG) shares turned negative on Fridays trading session with the shares closing down -0.23 points or -0.43% at a volume of 10,45,718. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.75. The peak price level was also seen at $52.75 while the days lowest was $52.08. Finally the shares closed at $52.66. The 52-week high of the shares is $53.35 while the 52-week low is $33.78. According to the latest information available, the market cap of the company is $2,337 M.

Big Lots(BIG) last announced its earnings results on May 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.31B. Analysts had an estimated revenue of $1.30B. Earnings per share were $0.82. Analysts had estimated an EPS of $0.70.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Philip E Mallott (director) sold 5,000 shares at $52.08 per share price.Also, On May 31, 2016, David J Campisi (CEO & President) sold 49,805 shares at $50.05 per share price.On May 31, 2016, Lisa M Bachmann (Executive Vice President) sold 50,000 shares at $50.05 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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