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Big Lots (BIG) in Focus: Stock Moves 6.1% Higher

Zacks Equity Research

Big Lots, Inc. BIG was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 24% in the past one-month time frame.

The move came after the company reported better-than-expected third-quarter fiscal 2019 results.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Big Lots currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

Big Lots, Inc. Price

Big Lots, Inc. Price
Big Lots, Inc. Price

Big Lots, Inc. price | Big Lots, Inc. Quote

A better-ranked stock in the Retail - Discount Stores industry is Target Corporation TGT, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BIG going up? Or down? Predict to see what others think: Up or Down

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