Canaccord Genuity Maintains a 'Buy' on Big Lots (BIG); Significant Upside Potential
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Price: $0.50 --0%
Rating Summary:
9 Buy, 15 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 15 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity maintains a 'Buy' on Big Lots (NYSE: BIG) price target of $58.00.
Analyst, Laura Champine, said, "We believe BIG’s improving product assortment will drive traffic and support the company’s SSS momentum. The company should benefit from efforts to shift sales mix to higher-demand categories, broadening its selection of consumables and underpenetrated discretionary segments. At 13x our FY12 EPS estimate and 6x FY12E EV/EBITDA, we don’t believe shares fully reflect the SSS growth we are projecting in FY12 and beyond."
"We estimate BIG will generate FY12 SSS growth of 2.9% on top of +0.1%, which would be the company’s highest full-year increase since FY06...We forecast double-digit bottom-line growth in FY12 and expect EPS to increase at a five-year CAGR of 12%."
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 $45.32 yesterday.
Analyst, Laura Champine, said, "We believe BIG’s improving product assortment will drive traffic and support the company’s SSS momentum. The company should benefit from efforts to shift sales mix to higher-demand categories, broadening its selection of consumables and underpenetrated discretionary segments. At 13x our FY12 EPS estimate and 6x FY12E EV/EBITDA, we don’t believe shares fully reflect the SSS growth we are projecting in FY12 and beyond."
"We estimate BIG will generate FY12 SSS growth of 2.9% on top of +0.1%, which would be the company’s highest full-year increase since FY06...We forecast double-digit bottom-line growth in FY12 and expect EPS to increase at a five-year CAGR of 12%."
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 $45.32 yesterday.
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