Big 5 Sporting Goods Corporation (NASDAQ:BGFV) – Analysts at Forward View lowered their Q3 2017 EPS estimates for Big 5 Sporting Goods Corporation in a report released on Thursday. Forward View analyst N. Yates now expects that the company will post earnings of $0.31 per share for the quarter, down from their previous estimate of $0.45. Forward View has a “Hold” rating and a $14.00 price objective on the stock. Forward View also issued estimates for Big 5 Sporting Goods Corporation’s Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $1.05 EPS, Q1 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.12 EPS.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last issued its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. Big 5 Sporting Goods Corporation had a return on equity of 11.86% and a net margin of 2.30%. The business had revenue of $243.67 million during the quarter, compared to the consensus estimate of $251.03 million. During the same period in the prior year, the business earned $0.11 EPS. The business’s revenue was up .9% on a year-over-year basis.

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Several other research analysts also recently issued reports on BGFV. Zacks Investment Research downgraded shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Deutsche Bank AG restated a “buy” rating and set a $20.00 price objective (up previously from $18.00) on shares of Big 5 Sporting Goods Corporation in a report on Wednesday, May 3rd. BidaskClub downgraded shares of Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Finally, ValuEngine downgraded shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Big 5 Sporting Goods Corporation currently has a consensus rating of “Hold” and a consensus target price of $13.67.

Big 5 Sporting Goods Corporation (BGFV) opened at 9.35 on Monday. The firm has a 50-day moving average of $12.44 and a 200-day moving average of $14.20. Big 5 Sporting Goods Corporation has a one year low of $9.30 and a one year high of $20.35. The company has a market cap of $203.33 million, a PE ratio of 8.59 and a beta of -0.09.

A number of hedge funds have recently bought and sold shares of BGFV. BNP Paribas Arbitrage SA boosted its stake in Big 5 Sporting Goods Corporation by 45.4% in the second quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock worth $104,000 after buying an additional 2,482 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Big 5 Sporting Goods Corporation during the first quarter worth $125,000. Fox Run Management L.L.C. acquired a new stake in Big 5 Sporting Goods Corporation during the second quarter worth $147,000. Atria Investments LLC acquired a new stake in Big 5 Sporting Goods Corporation during the second quarter worth $164,000. Finally, Texas Permanent School Fund boosted its stake in Big 5 Sporting Goods Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock worth $171,000 after buying an additional 185 shares during the last quarter.

In related news, VP Gary S. Meade sold 1,865 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $14.57, for a total value of $27,173.05. Following the sale, the vice president now owns 18,093 shares of the company’s stock, valued at $263,615.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Van B. Honeycutt sold 12,000 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $13.83, for a total transaction of $165,960.00. Following the completion of the sale, the director now directly owns 14,400 shares in the company, valued at approximately $199,152. The disclosure for this sale can be found here. In the last three months, insiders sold 16,960 shares of company stock worth $235,146. 7.90% of the stock is currently owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.60 dividend on an annualized basis and a yield of 6.42%. Big 5 Sporting Goods Corporation’s payout ratio is currently 54.55%.

Big 5 Sporting Goods Corporation Company Profile

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. 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.

Earnings History and Estimates for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

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