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BIG

Big Lots

$26.01

-0.42 (-1.59%)

06:09
05/31/19
05/31
06:09
05/31/19
06:09

Big Lots raises FY19 adj. EPS view to $3.70-$3.85 from $3.55-$3.75

Consensus $3.66. Backs guidance for FY19 SSS increase in the low single digits. "We estimate this financial performance will result in adjusted cash flow of approximately $100M (or approximately $65M when considering non-GAAP items)."

  • 31

    May

BIG Big Lots
$26.01

-0.42 (-1.59%)

05/24/19
05/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Avon Products (AVP) downgraded to Neutral from Buy at DA Davidson. 2. SQM (SQM) downgraded to Market Perform from Outperform at BMO Capital with analyst Joel Jackson saying a lithium rebound or a bottoming in sentiment may take longer and that the company's earnings trajectory no longer warrants a bullish outlook. 3. Lennox (LII) downgraded to Sell from Neutral at UBS with analyst Damian Karas saying the company is trading at a "peak multiple on peak growth." 4. Weibo (WB) downgraded to Reduce from Hold at HSBC. 5. Big Lots (BIG) downgraded to Neutral from Overweight at Piper Jaffray with analyst Peter Keith saying the downgrade is based on risk to first half of 2019 estimates as well as ongoing tariff concerns. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/19
PIPR
05/24/19
DOWNGRADE
Target $31
PIPR
Neutral
Big Lots downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Peter Keith downgraded Big Lots to Neutral from Overweight and lowered his price target for the shares to $31 from $44. The analyst says the downgrade is based on risk to first half of 2019 estimates as well as ongoing tariff concerns. The analyst believes Big Lots' Q1 was "in-line at best" and that Q2 "appears to have stepped up markdown activity." On tariffs, Big Lots imports 21% of sales from China with a majority now getting tariffed at 25%, Keith tells investors in a research note.
03/19/19
03/19/19
NO CHANGE
Target $44

Overweight
Piper calls Big Lots 'intriguing value/GARP idea' for 2019
After meeting with management, Piper Jaffray analyst Peter Keith highlights Big Lots as an "intriguing value/GARP idea" for 2019. A value idea must be cheap but also have some interesting developments, and Big Lots has several, Keith tells investors in a research note. Some of these, according to the analyst, are remodel benefits building to a 1.5%-2% comp lift, good visibility on gross margin expansion, a $100M cost take-out initiative, and new merchandising initiatives. Keith sees a "healthy" risk/reward on Big Lots shares and reiterates an Overweight rating on the name with a $44 price target.
02/28/19
02/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Booking Holdings (BKNG) downgraded to Neutral from Overweight at Atlantic Equities and Piper Jaffray, as well as to Perform from Outperform at Oppenheimer. 2. Box (BOX) downgraded to Sector Weight from Overweight at KeyBanc and to Neutral from Buy at Rosenblatt. 3. HP Inc. (HPQ) double downgraded to Underperform from Buy at BofA/Merrill with analyst Wamsi Mohan citing the company's Q1 report last night. 4. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank. 5. Dollar General (DG) and Big Lots (BIG) were downgraded to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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