Filed under: Earnings reports, Analyst upgrades and downgrades, Wal-Mart (WMT), Target Corp. (TGT), Technical Analysis, Stocks to Buy
Big Lots (NYSE: BIG) is
the largest broadline closeout retailer in the United States. Stores offer such staples as food, health and beauty products, plastics, furniture, toys, lawn tools, electronics, apparel and small appliances. The goods are generally products that have been overproduced, or discontinued, and are typically offered at 20-40 percent below discounters’ prices. The company currently operates 1,353 stores in 47 states. Wholesale operations are conducted through Big Lots Wholesale, Consolidated International and Wisconsin Toy outlets. Target (NYSE: TGT) and Wal-Mart (NYSE: WMT) are major competitors.
The firm pleased investors last week, when it reported Q4 EPS of 93 cents and revenues of $1.41 billion. Analysts had been looking for 84 cents and $1.41 billion. Management also guided Q1 EPS to 30-35 cents (26 cent consensus) and FY09 EPS to $1.70-$1.80 ($1.53 consensus). Wedbush Morgan and Soleil subsequently declared the issue a “buy” and issued price targets of $26 (W) and $32 (S).
Continue reading Big Lots (BIG): Share price defining bullish ‘pennant’
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This entry was posted on Monday, March 10th, 2008 at 4:51 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed.
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Filed under: Earnings reports, Analyst upgrades and downgrades, Wal-Mart (WMT), Target Corp. (TGT), Technical Analysis, Stocks to Buy
Big Lots (NYSE: BIG) is the largest broadline closeout retailer in the United States. Stores offer such staples as food, health and beauty products, plastics, furniture, toys, lawn tools, electronics, apparel and small appliances. The goods are generally products that have been overproduced, or discontinued, and are typically offered at 20-40 percent below discounters’ prices. The company currently operates 1,353 stores in 47 states. Wholesale operations are conducted through Big Lots Wholesale, Consolidated International and Wisconsin Toy outlets. Target (NYSE: TGT) and Wal-Mart (NYSE: WMT) are major competitors.
The firm pleased investors last week, when it reported Q4 EPS of 93 cents and revenues of $1.41 billion. Analysts had been looking for 84 cents and $1.41 billion. Management also guided Q1 EPS to 30-35 cents (26 cent consensus) and FY09 EPS to $1.70-$1.80 ($1.53 consensus). Wedbush Morgan and Soleil subsequently declared the issue a “buy” and issued price targets of $26 (W) and $32 (S).
Continue reading Big Lots (BIG): Share price defining bullish ‘pennant’
Permalink | Email this | Comments
Share This
This entry was posted on Monday, March 10th, 2008 at 4:51 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
