Big 5 Sporting Goods Corp. Price Target Cut to $14.00 (BGFV)
Equities researchers at Credit Suisse reduced their price target on shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) from $17.00 to $14.00 in a research report issued on Wednesday, Analyst Ratings Network.com reports. Credit Suisse’s price objective points to a potential downside of 11.84% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Needham & Company cut their EPS estimates on shares of Big 5 Sporting Goods Corp. in a research note on Wednesday. They now have a “strong-buy” rating and a $23.00 price target on the stock. They previously had a $27.00 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Big 5 Sporting Goods Corp. in a research note on Tuesday, December 17th. They now have a $19.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $18.64.
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) traded down 3.78% on Wednesday, hitting $15.28. The stock had a trading volume of 1,005,138 shares. Big 5 Sporting Goods Corp. has a 52-week low of $13.84 and a 52-week high of $25.00. The stock has a 50-day moving average of $17.37 and a 200-day moving average of $17.55. The company has a market cap of $335.5 million and a price-to-earnings ratio of 13.00.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.01. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $253.26 million. On average, analysts predict that Big 5 Sporting Goods Corp. will post $1.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, March 5th.
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States, operating 414 stores in 12 states under the Big 5 Sporting Goods name as of December 30, 2012.
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