Big 5 Sporting Goods Corp. (NASDAQ:BGFV) shares dropped 2% during mid-day trading on Wednesday . The stock traded as low as $14.20 and last traded at $14.22, with a volume of 100,813 shares traded. The stock had previously closed at $14.51.

BGFV has been the topic of several research reports. Deutsche Bank AG upped their price objective on Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Friday, August 5th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $12.86.

The firm’s 50-day moving average price is $13.25 and its 200-day moving average price is $10.93. The company has a market cap of $313.72 million, a P/E ratio of 27.50 and a beta of 0.77.

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Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.08. Big 5 Sporting Goods Corp. had a net margin of 1.12% and a return on equity of 6.50%. The firm earned $241.10 million during the quarter, compared to the consensus estimate of $238.29 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. On average, analysts forecast that Big 5 Sporting Goods Corp. will post $0.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Tuesday, August 30th. Big 5 Sporting Goods Corp.’s dividend payout ratio (DPR) is currently 94.34%.

In other news, Director Stadium Capital Management Llc sold 88,712 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $12.91, for a total transaction of $1,145,271.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stadium Capital Partners L. P sold 10,584 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $13.09, for a total transaction of $138,544.56. Following the sale, the director now directly owns 2,423,842 shares of the company’s stock, valued at $31,728,091.78. The disclosure for this sale can be found here. 7.90% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of BGFV. Wedge Capital Management L L P NC increased its stake in Big 5 Sporting Goods Corp. by 129.6% in the second quarter. Wedge Capital Management L L P NC now owns 93,200 shares of the company’s stock valued at $864,000 after buying an additional 52,600 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Big 5 Sporting Goods Corp. by 86.1% in the second quarter. AQR Capital Management LLC now owns 226,071 shares of the company’s stock worth $2,096,000 after buying an additional 104,577 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Big 5 Sporting Goods Corp. by 10.4% in the second quarter. Guggenheim Capital LLC now owns 275,341 shares of the company’s stock worth $2,552,000 after buying an additional 25,967 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Big 5 Sporting Goods Corp. by 5.8% in the second quarter. Parametric Portfolio Associates LLC now owns 194,427 shares of the company’s stock worth $1,802,000 after buying an additional 10,715 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Big 5 Sporting Goods Corp. by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 63,920 shares of the company’s stock worth $592,000 after buying an additional 380 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

About Big 5 Sporting Goods Corp.

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 that averages approximately 11,000 square feet. 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.

5 Day Chart for NASDAQ:BGFV

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