Big Lots Downgraded by Raymond James to “Underperform” (BIG)
Big Lots traded down 1.06% on Friday, hitting $35.49. Big Lots has a 1-year low of $26.69 and a 1-year high of $47.22. The stock’s 50-day moving average is currently $33.16. The company has a market cap of $2.032 billion and a price-to-earnings ratio of 12.25.
A number of other analysts have also recently weighed in on BIG. Analysts at TheStreet upgraded shares of Big Lots from a hold rating to a buy rating in a research note to investors on Friday. Separately, analysts at Wedbush reiterated an outperform rating on shares of Big Lots in a research note to investors on Thursday, March 7th. They now have a $42.00 price target on the stock. Finally, analysts at Piper Jaffray raised their price target on shares of Big Lots to $35.00 in a research note to investors on Thursday, March 7th.
Five analysts have rated the stock with a buy rating, ten have given a hold rating, and two have issued a sell rating to the stock. Big Lots currently has a consensus rating of hold and an average target price of $37.15.
Big Lots, Inc., through its wholly owned subsidiaries, is a North America’s closeout retailer. At January 28, 2012, the Company operated a total of 1,533 stores in two countries: the United States and Canada.
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