Big Lots (BIG) Hits New Lifetime High Today

Trade-Ideas LLC identified Big Lots (BIG) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Big Lots

(

BIG

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Big Lots as such a stock due to the following factors:

  • BIG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $49.8 million.
  • BIG has traded 20,298 shares today.
  • BIG is trading at a new lifetime high.

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More details on BIG:

Big Lots, Inc., through its subsidiaries, operates as a non-traditional, discount retailer in the United States. The stock currently has a dividend yield of 1.6%. BIG has a PE ratio of 17. Currently there are 6 analysts that rate Big Lots a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Big Lots has been 1.2 million shares per day over the past 30 days. Big Lots has a market cap of $2.3 billion and is part of the services sector and retail industry. The stock has a beta of 0.62 and a short float of 25.7% with 14.83 days to cover. Shares are up 38.2% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Big Lots as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • BIG LOTS INC has improved earnings per share by 31.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BIG LOTS INC increased its bottom line by earning $2.83 versus $2.51 in the prior year. This year, the market expects an improvement in earnings ($3.47 versus $2.83).
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Multiline Retail industry average. The net income increased by 20.0% when compared to the same quarter one year prior, going from $32.21 million to $38.66 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 5.7%. Since the same quarter one year prior, revenues slightly increased by 2.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Multiline Retail industry and the overall market, BIG LOTS INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.

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