Big 5 Sporting Goods Corporation (BGFV) Given Consensus Recommendation of “Hold” by Brokerages
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) has been assigned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.00.
Several research analysts recently issued reports on the company. Forward View reissued a “hold” rating and issued a $8.00 price objective on shares of Big 5 Sporting Goods Corporation in a research note on Sunday, September 3rd. ValuEngine cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet cut Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Deutsche Bank AG cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $20.00 to $10.00 in a research note on Wednesday, August 2nd.
In other news, Director Van B. Honeycutt acquired 48,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of $7.71 per share, with a total value of $370,080.00. Following the completion of the purchase, the director now directly owns 18,600 shares in the company, valued at $143,406. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.90% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of BGFV. BNP Paribas Arbitrage SA lifted its holdings in Big 5 Sporting Goods Corporation by 45.4% during 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 period. Quantbot Technologies LP purchased a new stake in Big 5 Sporting Goods Corporation during the first quarter worth $125,000. Alliancebernstein L.P. purchased a new stake in Big 5 Sporting Goods Corporation during the second quarter worth $133,000. Fox Run Management L.L.C. purchased a new stake in Big 5 Sporting Goods Corporation during the second quarter worth $147,000. Finally, Atria Investments LLC purchased a new stake in Big 5 Sporting Goods Corporation during the second quarter worth $164,000.
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Big 5 Sporting Goods Corporation (NASDAQ:BGFV) traded up 0.338% on Wednesday, hitting $7.425. The stock had a trading volume of 343,393 shares. Big 5 Sporting Goods Corporation has a 1-year low of $7.10 and a 1-year high of $20.35. The firm has a market capitalization of $161.46 million, a price-to-earnings ratio of 6.824 and a beta of -0.06. The stock’s 50-day moving average is $8.27 and its 200 day moving average is $12.53.
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last released its earnings results on Tuesday, August 1st. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The business had revenue of $243.67 million for the quarter, compared to the consensus estimate of $251.03 million. Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. On average, equities research analysts predict that Big 5 Sporting Goods Corporation will post $0.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.60 annualized dividend and a yield of 8.11%. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is currently 54.55%.
About Big 5 Sporting Goods Corporation
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.
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