Big 5 Sporting Goods Price Target Lowered to $18.00 at Needham & Company LLC (BGFV)
Needham & Company LLC decreased their price target on shares of Big 5 Sporting Goods (NASDAQ:BGFV) from $20.00 to $18.00 in a research note issued on Thursday. Needham & Company LLC’s price target would suggest a potential upside of 82.19% from the stock’s previous close.
Big 5 Sporting Goods (NASDAQ:BGFV) traded down 0.30% on Thursday, hitting $9.88. 223,112 shares of the company’s stock traded hands. Big 5 Sporting Goods has a 52 week low of $9.45 and a 52 week high of $20.25. The stock’s 50-day moving average is $11.76 and its 200-day moving average is $14.05. The company has a market cap of $217.0 million and a P/E ratio of 11.52.
Big 5 Sporting Goods (NASDAQ:BGFV) last released its earnings data on Tuesday, July 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.04. The company had revenue of $231.20 million for the quarter, compared to the consensus estimate of $242.20 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts predict that Big 5 Sporting Goods will post $0.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, August 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Big 5 Sporting Goods in a research note on Wednesday. They now have a $10.00 price target on the stock, down previously from $11.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Big 5 Sporting Goods in a research note on Wednesday. They now have a $8.00 price target on the stock, down previously from $14.00. Finally, analysts at Feltl & Co. downgraded shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $10.50 price target on the stock, down previously from $19.00. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Big 5 Sporting Goods presently has an average rating of “Hold” and an average target price of $12.79.
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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