Big Lots (NYSE:BIG) could see a big move after earnings this week.
The department store operator’s implied volatility — how far up or down its stock could swing after its earnings report on Friday — is higher than it has been in years, according to various media sources.
Overall, analysts say, the stock “has a pretty constructive setup heading into the earnings print.”
Big Lots shares ended trading up 1.5% on Friday at $63.54. They began Monday ahead 27 cents to $63.81
Headquartered in Columbus, Ohio, Big Lots, is a neighborhood discount retailer operating 1,409 stores in 47 states, as well as a best-in-class ecommerce platform with expanded capabilities via BOPIS, curbside pickup, Instacart, and PICKUP with same day delivery.
A news release highlighted the company's product assortment, which it says, “is focused on home essentials: Furniture, Seasonal, Soft Home, Food, Consumables, Hard Home, and Electronics, Toys & Accessories. Big Lots' mission is to help people Live BIG and Save Lots.
“The company strives to be the BIG difference for a better life by delivering unmatched value to customers through surprise and delight, being a "best place to work" culture for associates, rewarding shareholders with consistent growth and top-tier returns, as well as doing good in local communities.”
