Analyst Rating Update on Big Lots (BIG)

Big Lots (NYSE:BIG) : The consensus on Big Lots (NYSE:BIG) based on 13 analyst recommendation on the company stock is 1.92, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Big Lots (NYSE:BIG) : The consensus price target for Big Lots (NYSE:BIG) is $52.92 for the short term with a standard deviation of $6.54. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $60, however, the pessimist price target for the company is $42.

For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains its view on Big Lots (NYSE:BIG) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $53 per share to $62 per share on Big Lots . The rating by the firm was issued on June 6, 2016.

Big Lots (NYSE:BIG): stock turned positive on Tuesday. Though the stock opened at $49.07, the bulls momentum made the stock top out at $49.79 level for the day. The stock recorded a low of $49.07 and closed the trading day at $49.68, in the green by 1.31%. The total traded volume for the day was 928,550. The stock had closed at $49.04 in the previous days trading.

In an insider trading activity,The director of Big Lots Inc, Mallott Philip E sold 5,000 shares at $52.08 on May 31, 2016. The Insider selling transaction had a total value worth of $260,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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