NEW YORK (
-- Big Lots
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Big Lots, Inc., through its subsidiaries, operates as a broad line closeout retailer in the United States. The company has a P/E ratio of 15.5, below the average retail industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 23.2. Big Lots has a market cap of $3.2 billion and is part of the
industry. Shares are up 37.2% year to date as of the close of trading on Friday.
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