Analyst Research Report Snapshot

Title:

Griffin Securities Initiates Coverage on Big Lots (BIG)

Price:

$138.00

Provider:

Griffin Securities, Inc.

Date:

31 Jan 2013

Pages:

14

Type:

AcrobatPDF

Companies referenced:

BIG.N AMZN.OQ OSTK.OQ

Available for Immediate Download
Summary:

We are initiating coverage on Big Lots, Inc. (BIG) with a BUY rating, and we are establishing an 18-month price target of $45 for BIG shares. • Comparable store sales declines over past 2 years should be coming to an end; • Company has reinstated John Martin as chief merchandising officer (held post previous to 4/11 with much success) should drive top line growth- BIG is actively searching for new CEO; • Acquisition in Canada expected to B/E in FY ’14 vs. projected loss of $0.24 FY ’13; • 3 new initiatives- loyalty program, full market remodels & cooler/freezer rollout to drive revenues; • Competitive insulation from online retail sales that continue to garner a greater % of consumer pocketbook; • Clean balance sheet and strong discretionary free C/F- projecting $2.48 FY ’13 & $2.98 FY ’14, and; • EPS projections of $2.93 FY ’13 & $3.42 FY ’14.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.