Van B. Honeycutt Purchases 43,000 Shares of Big 5 Sporting Goods Corporation (BGFV) Stock

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Director Van B. Honeycutt acquired 43,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were purchased at an average cost of $7.26 per share, for a total transaction of $312,180.00. Following the completion of the transaction, the director now owns 18,600 shares in the company, valued at approximately $135,036. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Big 5 Sporting Goods Corporation (NASDAQ 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. The firm has a market capitalization of $152.67, a P/E ratio of 7.27 and a beta of -0.08. Big 5 Sporting Goods Corporation has a 12-month low of $6.00 and a 12-month high of $19.00.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 annualized dividend and a yield of 8.42%. Big 5 Sporting Goods’s payout ratio is 60.00%.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its holdings in shares of Big 5 Sporting Goods by 24.1% during the third quarter. California Public Employees Retirement System now owns 112,824 shares of the company’s stock valued at $863,000 after purchasing an additional 21,924 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Big 5 Sporting Goods during the third quarter valued at approximately $393,000. Allianz Asset Management GmbH lifted its holdings in shares of Big 5 Sporting Goods by 13.5% during the third quarter. Allianz Asset Management GmbH now owns 601,150 shares of the company’s stock valued at $4,599,000 after purchasing an additional 71,382 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Big 5 Sporting Goods during the third quarter valued at approximately $678,000. Finally, Private Advisor Group LLC purchased a new position in shares of Big 5 Sporting Goods during the third quarter valued at approximately $165,000.

Several research firms have weighed in on BGFV. ValuEngine raised Big 5 Sporting Goods from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Forward View reaffirmed a “hold” rating and set a $11.00 price objective on shares of Big 5 Sporting Goods in a research report on Tuesday, August 8th. TheStreet cut Big 5 Sporting Goods from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Big 5 Sporting Goods currently has an average rating of “Hold” and an average target price of $9.00.

ILLEGAL ACTIVITY NOTICE: “Van B. Honeycutt Purchases 43,000 Shares of Big 5 Sporting Goods Corporation (BGFV) Stock” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/03/van-b-honeycutt-purchases-43000-shares-of-big-5-sporting-goods-corporation-bgfv-stock.html.

Big 5 Sporting Goods Company 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.

Insider Buying and Selling by Quarter for Big 5 Sporting Goods (NASDAQ:BGFV)

What are top analysts saying about Big 5 Sporting Goods Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Big 5 Sporting Goods Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit