Big 5 Sporting Goods Corporation (BGFV) Declares $0.15 Quarterly Dividend
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) announced a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Stockholders of record on Friday, December 1st will be paid a dividend of 0.15 per share on Friday, December 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date of this dividend is Thursday, November 30th.
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The company had revenue of $270.47 million during the quarter, compared to analyst estimates of $272.27 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis.
In other news, Director Van B. Honeycutt acquired 48,000 shares of Big 5 Sporting Goods Corporation stock in a transaction on Friday, August 18th. The stock was bought at an average cost of $7.71 per share, with a total value of $370,080.00. Following the completion of the purchase, the director now owns 18,600 shares of the company’s stock, valued at $143,406. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.90% of the stock is currently owned by corporate insiders.
BGFV has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Big 5 Sporting Goods Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Forward View reaffirmed a “hold” rating and set a $8.00 price objective on shares of Big 5 Sporting Goods Corporation in a research note on Sunday, September 3rd. TheStreet lowered shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.00 to $10.00 in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.00.
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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