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Big 5 Sporting Goods (NASDAQ:BGFV)‘s stock had its “underperform” rating reaffirmed by Zacks in a report released on Tuesday. They currently have a $11.00 target price on the stock. Zacks‘s target price indicates a potential downside of 5.66% from the company’s current price.

Zacks’ analyst wrote, “The near-term prospects of Big 5 Sporting seem gloomy, given its projections for a challenging second-quarter 2014, which will be characterized by a continued decline in the demand for firearms and ammunition products and a soft consumer environment. As a result, the company formulated a disappointing second-quarter guidance that projects a low negative to low positive single-digit comps growth along with earnings in the range of $0.12 to $0.20. This compares to comps growth of 4.4% and earnings of $0.28 per share in the second quarter of 2013. Moreover, the entry of DICK’s Sporting’s into smaller and mid-sized markets and Sports Chalet and Sports Authority’s venture into the small store format may take a toll on the company’s performance. Taking cue from the troubles ahead, we have downgraded Big 5 to Underperform.”

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Big 5 Sporting Goods in a research note on Monday, May 12th. They now have a $11.00 price target on the stock, down previously from $14.00. Analysts at TheStreet downgraded shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company’s stock. Big 5 Sporting Goods presently has an average rating of “Hold” and an average price target of $17.60.

Big 5 Sporting Goods (NASDAQ:BGFV) traded down 1.20% on Tuesday, hitting $11.52. 104,535 shares of the company’s stock traded hands. Big 5 Sporting Goods has a 52 week low of $11.00 and a 52 week high of $25.00. The stock’s 50-day moving average is $12.95 and its 200-day moving average is $16.07. The company has a market cap of $253.7 million and a P/E ratio of 11.43.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. The company had revenue of $231.30 million for the quarter, compared to the consensus estimate of $230.23 million. During the same quarter last year, the company posted $0.34 earnings per share. Big 5 Sporting Goods’s revenue was down 6.1% compared to the same quarter last year. On average, analysts predict that Big 5 Sporting Goods will post $1.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Wednesday, May 28th.

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.

To view Zacks’ full report, visit Zacks’ official website.

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