Insider Buying: Big 5 Sporting Goods Corporation (BGFV) Director Buys 43,000 Shares of Stock

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Director Van B. Honeycutt acquired 43,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were bought at an average cost of $7.26 per share, for a total transaction of $312,180.00. Following the completion of the acquisition, the director now directly owns 18,600 shares of the company’s stock, valued at $135,036. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Big 5 Sporting Goods Corporation (NASDAQ BGFV) traded down $0.43 during midday trading on Friday, reaching $7.12. 1,069,997 shares of the company were exchanged, compared to its average volume of 794,163. The firm has a market capitalization of $152.67, a P/E ratio of 6.99 and a beta of -0.24. Big 5 Sporting Goods Corporation has a 52 week low of $6.00 and a 52 week high of $19.00. The company has a quick ratio of 0.16, a current ratio of 2.07 and a debt-to-equity ratio of 0.24.

Big 5 Sporting Goods (NASDAQ:BGFV) last posted its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $270.47 million during the quarter, compared to the consensus estimate of $272.27 million. Big 5 Sporting Goods had a net margin of 2.11% and a return on equity of 10.37%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. equities analysts predict that Big 5 Sporting Goods Corporation will post 0.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.60 dividend on an annualized basis and a yield of 8.43%. Big 5 Sporting Goods’s dividend payout ratio is presently 60.00%.

A number of equities research analysts have recently weighed in on BGFV shares. Zacks Investment Research raised shares of Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Forward View reissued a “hold” rating and set a $11.00 price objective on shares of Big 5 Sporting Goods in a report on Tuesday, August 8th. ValuEngine raised shares of Big 5 Sporting Goods from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Finally, TheStreet lowered shares of Big 5 Sporting Goods from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System lifted its position in Big 5 Sporting Goods by 24.1% during the third quarter. California Public Employees Retirement System now owns 112,824 shares of the company’s stock valued at $863,000 after purchasing an additional 21,924 shares during the period. Boothbay Fund Management LLC acquired a new position in Big 5 Sporting Goods during the third quarter valued at $393,000. Allianz Asset Management GmbH lifted its position in Big 5 Sporting Goods by 13.5% during the third quarter. Allianz Asset Management GmbH now owns 601,150 shares of the company’s stock valued at $4,599,000 after purchasing an additional 71,382 shares during the period. Engineers Gate Manager LP acquired a new position in Big 5 Sporting Goods during the third quarter valued at $678,000. Finally, Private Advisor Group LLC acquired a new position in Big 5 Sporting Goods during the third quarter valued at $165,000.

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About Big 5 Sporting Goods

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.

Insider Buying and Selling by Quarter for Big 5 Sporting Goods (NASDAQ:BGFV)

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