MKM Partners Maintains a 'Neutral' on Big Lots (BIG); Q2 Preview: Looking Flat
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Price: $37.34 +0.08%
Rating Summary:
6 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade BIG Now!
MKM Partners maintains a 'Neutral' on Big Lots (NYSE: BIG) price target of $39.00.
Analyst, Patrick McKeever, said, "We continue to expect sluggish sales and operating margin pressure and view the stock, which trades at 10.5x our 2013 EPS estimate vs. the peer group’s roughly 14x multiple and vs. its five-year median forward multiple of 12.0x, as being close to fair value. Accordingly, we don’t have an actionable trading call into the print."
Sees Q2 EPS of $0.40, down from $0.50 last year (current consensus is $0.41)...We are looking for 1% growth in 3Q12 and 4Q12 against more difficult comparisons of 1.7% and 3.4%.
For an analyst ratings summary and ratings history on Big Lots click here. For more ratings news on Big Lots click here.
Shares of Big Lots closed at $38.75 yesterday, with a 52 week range of $30.50-$47.22.
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Analyst, Patrick McKeever, said, "We continue to expect sluggish sales and operating margin pressure and view the stock, which trades at 10.5x our 2013 EPS estimate vs. the peer group’s roughly 14x multiple and vs. its five-year median forward multiple of 12.0x, as being close to fair value. Accordingly, we don’t have an actionable trading call into the print."
Sees Q2 EPS of $0.40, down from $0.50 last year (current consensus is $0.41)...We are looking for 1% growth in 3Q12 and 4Q12 against more difficult comparisons of 1.7% and 3.4%.
For an analyst ratings summary and ratings history on Big Lots click here. For more ratings news on Big Lots click here.
Shares of Big Lots closed at $38.75 yesterday, with a 52 week range of $30.50-$47.22.
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