Big 5 Sporting Goods Co. (BGFV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) have earned an average rating of “Hold” from the six research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on 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.

A number of analysts have commented on BGFV shares. ValuEngine raised shares of Big 5 Sporting Goods from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Big 5 Sporting Goods from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Wednesday, January 3rd.

In other news, Director Van B. Honeycutt acquired 43,000 shares of Big 5 Sporting Goods stock in a transaction on Thursday, November 30th. The stock was bought at an average cost of $7.26 per share, with a total value of $312,180.00. Following the completion of the purchase, the director now owns 18,600 shares of the company’s stock, valued at $135,036. 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.

Several hedge funds and other institutional investors have recently bought and sold shares of BGFV. BNP Paribas Arbitrage SA lifted its position in shares of Big 5 Sporting Goods 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 purchasing an additional 2,482 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Big 5 Sporting Goods in the second quarter worth approximately $133,000. Private Advisor Group LLC purchased a new stake in shares of Big 5 Sporting Goods in the third quarter worth approximately $165,000. The Manufacturers Life Insurance Company lifted its position in shares of Big 5 Sporting Goods by 27.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,874 shares of the company’s stock worth $219,000 after purchasing an additional 3,625 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Big 5 Sporting Goods by 108.7% in the second quarter. Quantbot Technologies LP now owns 17,359 shares of the company’s stock worth $226,000 after purchasing an additional 9,043 shares in the last quarter.

Big 5 Sporting Goods (NASDAQ BGFV) traded up $0.10 during mid-day trading on Tuesday, reaching $6.20. 793,600 shares of the company’s stock were exchanged, compared to its average volume of 1,914,993. 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 has a 52 week low of $6.00 and a 52 week high of $17.10. The stock has a market capitalization of $132.31, a price-to-earnings ratio of 6.20 and a beta of -0.07.

Big 5 Sporting Goods (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 had a net margin of 2.11% and a return on equity of 10.37%. 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. analysts forecast that Big 5 Sporting Goods will post 0.88 EPS for the current year.

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Big 5 Sporting Goods 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.

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