Big 5 Sporting Goods (NASDAQ:BGFV) Downgraded to “Sell” at StockNews.com

Big 5 Sporting Goods (NASDAQ:BGFV) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Separately, TheStreet cut shares of Big 5 Sporting Goods from a “c” rating to a “d+” rating in a research report on Wednesday, February 28th.

Big 5 Sporting Goods Trading Down 2.5 %

BGFV opened at $3.11 on Wednesday. Big 5 Sporting Goods has a twelve month low of $3.09 and a twelve month high of $9.99. The company has a 50-day simple moving average of $4.19 and a 200 day simple moving average of $5.43. The company has a quick ratio of 0.18, a current ratio of 1.63 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $69.79 million, a price-to-earnings ratio of -9.42 and a beta of 2.35.

Big 5 Sporting Goods (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.02). Big 5 Sporting Goods had a negative return on equity of 2.77% and a negative net margin of 0.80%. The firm had revenue of $196.35 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Big 5 Sporting Goods by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,139,494 shares of the company’s stock valued at $7,224,000 after buying an additional 4,153 shares during the period. GSA Capital Partners LLP increased its stake in shares of Big 5 Sporting Goods by 51.6% in the fourth quarter. GSA Capital Partners LLP now owns 149,787 shares of the company’s stock valued at $950,000 after buying an additional 50,995 shares during the period. Barclays PLC increased its stake in shares of Big 5 Sporting Goods by 382.0% in the fourth quarter. Barclays PLC now owns 35,992 shares of the company’s stock valued at $228,000 after buying an additional 28,525 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Big 5 Sporting Goods by 6.2% in the fourth quarter. Nuveen Asset Management LLC now owns 60,579 shares of the company’s stock valued at $384,000 after buying an additional 3,549 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Big 5 Sporting Goods by 12.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 220,000 shares of the company’s stock valued at $1,395,000 after buying an additional 25,000 shares during the period. Institutional investors and hedge funds own 41.98% of the company’s stock.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.