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Big Lots, Inc. (BIG) operates as a non-traditional, discount retailer in the United States.
The company offers products under various merchandising categories, such as food category that includes beverage and grocery, candy and snacks, and specialty foods departments; consumables category, which comprises health and beauty, plastics, paper, chemical, and pet departments; soft home category that consists of home décor, frames, fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and furniture category consisting of upholstery, mattress, ready-to-assemble, and case goods departments.
It also provides merchandise under the seasonal category that includes lawn and garden, summer, Christmas, toys, and other holiday departments; and electronics and accessories category, including electronics, jewelry, hosiery, and infant accessories departments.
As of January 30, 2016, it operated 1,449 stores in 47 states.
Shaes have formed a bullish "flag" following the company's latest quarterly report. The company reported EPS of 82 cents on revenue of $1.31 billion for the quarter ended April 30. Analysts were estimating earnings of 70 cents per share on revenue of $1.3 billion. For the quarter ending June, Big Lots is expected to deliver 46 cents per share, up from 40 cents a year ago, on revenue of $1.22 billion, up 0.6% year-over-year. For the full year ending January, earnings are projected to rise 16% year-over-year to $3.46 per share, while revenue of $5.25 billion would mark a 1.2% rise from the year-ago quarter. Higher share prices are expected for this stock.
52-Weeks Trading Range: $33.78 - $53.35
Entry Point: $52.75
Stop Loss: $50.10
Target Price: $58.10
BIG closed at $52.48
