State Street Corp Has $6.43 Million Holdings in Big 5 Sporting Goods Corporation (BGFV)

State Street Corp cut its holdings in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 492,799 shares of the company’s stock after selling 5,210 shares during the period. State Street Corp owned 2.27% of Big 5 Sporting Goods worth $6,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pacific Ridge Capital Partners LLC grew its stake in shares of Big 5 Sporting Goods by 22.4% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 366,635 shares of the company’s stock valued at $4,785,000 after buying an additional 66,990 shares during the period. Texas Permanent School Fund grew its stake in shares of Big 5 Sporting Goods by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock valued at $171,000 after buying an additional 185 shares during the period. Voya Investment Management LLC grew its stake in shares of Big 5 Sporting Goods by 406.4% during the 2nd quarter. Voya Investment Management LLC now owns 119,593 shares of the company’s stock valued at $1,561,000 after buying an additional 95,977 shares during the period. Vanguard Group Inc. grew its stake in shares of Big 5 Sporting Goods by 17.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,186,065 shares of the company’s stock valued at $15,478,000 after buying an additional 174,942 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Big 5 Sporting Goods by 7.6% during the 2nd quarter. Wells Fargo & Company MN now owns 196,400 shares of the company’s stock valued at $2,564,000 after buying an additional 13,807 shares during the period.

Shares of Big 5 Sporting Goods Corporation (BGFV) opened at $7.13 on Friday. The company has a current ratio of 2.07, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24. Big 5 Sporting Goods Corporation has a 12-month low of $6.00 and a 12-month high of $19.00. The firm has a market cap of $161.77, a price-to-earnings ratio of 7.70 and a beta of -0.08.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Big 5 Sporting Goods had a net margin of 2.11% and a return on equity of 10.37%. The firm had revenue of $270.47 million during the quarter, compared to analysts’ expectations of $272.27 million. During the same period in the prior year, the company earned $0.38 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. analysts anticipate that Big 5 Sporting Goods Corporation will post 0.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.60 dividend on an annualized basis and a yield of 8.42%. Big 5 Sporting Goods’s dividend payout ratio (DPR) is 60.00%.

In other Big 5 Sporting Goods news, Director Van B. Honeycutt purchased 43,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of $7.26 per share, with a total value of $312,180.00. Following the transaction, the director now owns 18,600 shares in the company, valued at $135,036. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on BGFV shares. ValuEngine cut shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Forward View reissued a “hold” rating and set a $8.00 price objective on shares of Big 5 Sporting Goods in a research note on Sunday, September 3rd. TheStreet cut shares of Big 5 Sporting Goods from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.00.

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Big 5 Sporting Goods Profile

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.

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Institutional Ownership by Quarter for Big 5 Sporting Goods (NASDAQ:BGFV)

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