Loop Capital Markets analyst Anthony Chukumba maintained a Hold rating on Big Lots (BIG – Research Report) today and set a price target of $6.00. The company’s shares closed last Friday at $6.38.
Chukumba covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, Ulta Beauty, and Academy Sports and Outdoors. According to TipRanks, Chukumba has an average return of 12.6% and a 68.56% success rate on recommended stocks.
In addition to Loop Capital Markets, Big Lots also received a Hold from Telsey Advisory’s Joe Feldman in a report issued on November 28. However, on December 1, Piper Sandler maintained a Sell rating on Big Lots (NYSE: BIG).
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Based on Big Lots’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $1.14 billion and a GAAP net loss of $249.84 million. In comparison, last year the company earned a revenue of $1.35 billion and had a GAAP net loss of $84.15 million
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Big Lots (BIG) Company Description:
Big Lots, Inc. engages in the operation of retail stores. It operates through the Discount Retailing segment which includes merchandising categories such as furniture, seasonal, soft home, food, consumables, hard home, and electronics, toys, and accessories. The company was founded by Sol A. Shenk in 1967 and is headquartered in Columbus, OH.
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