Big Lots (BIG) Tops Q4 EPS by 3c; Guides Q1 Profit Below Consensus
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March 10, 2014 6:53 AM EDT
FBR Capital upgraded Big Lots (NYSE: BIG) from Market Perform to Outperform with a price target of $45.00 (from $35.00) following fourth quarter results on Friday.
Analyst Dutch Fox said, "In our view, this is a straightforward merchandizing-led restructuring, and success or failure will ultimately hinge on the new management team's ability to source and deliver compelling product, something that has been lacking in recent years. Our checks have indicated that customers are... More
March 7, 2014 12:33 PM EST
JPMorgan upgraded Big Lots (NYSE: BIG) from Neutral to Overweight with a price target of $42.00 (from $26.00).
For an analyst ratings summary and ratings history on Big Lots click here. For more... More
March 7, 2014 7:31 AM EST
Big Lots, Inc. (NYSE: BIG) is up 10% in early trade following fourth quarter results that beat the Street, although guidance was lackluster. Big Lots reported EPS of $1.45, $0.03 better than the analyst estimate of $1.42. Revenue for the quarter came in at $1.64 billion versus the consensus estimate of... More
March 7, 2014 7:02 AM EST
Big Lots, Inc. (NYSE: BIG) announced the promotion of Timothy A. Johnson to Executive Vice President, Chief Financial Officer. Mr. Johnson has served as CFO since 2012 with primary responsibility for all financial disciplines within the company including financial reporting and controls, treasury, risk management, tax, internal audit, financial planning and analysis, and investor relations. Over the last several months, his role has expanded significantly to include responsibility... More
