Big 5 Sporting Goods (BGFV) Stock Price Up 5.2%

Big 5 Sporting Goods Co. (NASDAQ:BGFV) rose 5.2% during mid-day trading on Tuesday . The stock traded as high as $8.15 and last traded at $8.05. Approximately 1,315,473 shares traded hands during mid-day trading, an increase of 64% from the average daily volume of 803,713 shares. The stock had previously closed at $7.65.

BGFV has been the subject of several recent analyst reports. ValuEngine downgraded Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Forward View restated a “hold” rating and issued a $8.00 price target on shares of Big 5 Sporting Goods in a report on Sunday, September 3rd. 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $9.00.

The company has a quick ratio of 0.16, a current ratio of 2.07 and a debt-to-equity ratio of 0.24. The firm has a market cap of $171.95, a PE ratio of 8.15 and a beta of -0.07.

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, hitting the consensus estimate of $0.28. The company had revenue of $270.47 million during 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%. Big 5 Sporting Goods’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. equities analysts predict that Big 5 Sporting Goods Co. will post 0.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.60 annualized dividend and a dividend yield of 7.36%. Big 5 Sporting Goods’s dividend payout ratio is currently 60.00%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Texas Permanent School Fund boosted its position in Big 5 Sporting Goods by 1.4% during the second quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock valued at $171,000 after purchasing an additional 185 shares during the last quarter. Zacks Investment Management lifted its position in shares of Big 5 Sporting Goods by 8.1% in the second quarter. Zacks Investment Management now owns 20,269 shares of the company’s stock valued at $265,000 after buying an additional 1,521 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Big 5 Sporting Goods by 5.5% in the second quarter. Legal & General Group Plc now owns 31,683 shares of the company’s stock valued at $414,000 after buying an additional 1,650 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Big 5 Sporting Goods by 6.6% in the second quarter. California State Teachers Retirement System now owns 37,229 shares of the company’s stock valued at $486,000 after buying an additional 2,300 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Big 5 Sporting Goods by 45.4% in the second quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock valued at $104,000 after buying an additional 2,482 shares during the last quarter.

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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.

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