Big Lots Stock Hits New 52-Week High (BIG)

NEW YORK ( TheStreet) -- Big Lots (NYSE: BIG) hit a new 52-week high Thursday as it is currently trading at $45.04, above its previous 52-week high of $45 with 833,219 shares traded as of 3:15 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Big Lots has a market cap of $2.7 billion and is part of the services sector and retail industry. Shares are up 18.9% year to date as of the close of trading on Wednesday.

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 14.8, below the average retail industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Big Lots as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Big Lots Ratings Report.

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