Canaccord Genuity Maintains a 'Buy' on Big Lots (BIG); Significant Upside Potential
Get Alerts BIG Hot Sheet
Price: $4.34 +5.34%
Rating Summary:
9 Buy, 14 Hold, 7 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
Rating Summary:
9 Buy, 14 Hold, 7 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Monness, Crespi, Hardt Downgrades Palantir Technologies Inc. (PLTR) to Sell on 'egregiously rich valuation... darkest days of this economic downturn are ahead of us'
- Safran SA (SAF:FP) (SAFRY) PT Raised to EUR211 at Citi, 'remain positive on the aftermarket'
- Hyundai Motor (005380:KS) (HYMTF) PT Raised to KRW290 at Citi
Create E-mail Alert Related Categories
Analyst Comments, Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!