Insider Buying: Van B. Honeycutt Purchases 35,000 Shares of Big 5 Sporting Goods Stock (BGFV)
Big 5 Sporting Goods (NASDAQ:BGFV) Director Van B. Honeycutt purchased 35,000 shares of the stock on the open market in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost of $9.73 per share, for a total transaction of $340,550.00. Following the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $58,380. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Big 5 Sporting Goods (NASDAQ:BGFV) traded down 1.01% during mid-day trading on Monday, hitting $9.78. The stock had a trading volume of 211,693 shares. 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 $214.8 million and a price-to-earnings ratio of 11.49.
Big 5 Sporting Goods (NASDAQ:BGFV) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.13 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.28 earnings per share. Big 5 Sporting Goods’s revenue was down 3.6% compared to the same quarter last year. 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 announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at Needham & Company LLC cut their price target on shares of Big 5 Sporting Goods from $20.00 to $18.00 in a research note on Thursday. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Big 5 Sporting Goods in a research note on Wednesday, July 30th. They now have a $10.00 price target on the stock, down previously from $11.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Big 5 Sporting Goods in a research note on Wednesday, July 30th. They now have a $8.00 price target on the stock, down previously from $14.00. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target 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.