Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) have earned a consensus rating of “Buy” from the seven research firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.86.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, August 5th. Deutsche Bank AG lifted their target price on Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd.
In other news, Director Stadium Capital Management Llc sold 88,712 shares of Big 5 Sporting Goods Corp. stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $12.91, for a total transaction of $1,145,271.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stadium Capital Partners L. P sold 9,893 shares of Big 5 Sporting Goods Corp. stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $13.08, for a total value of $129,400.44. Following the sale, the director now directly owns 2,423,842 shares in the company, valued at $31,703,853.36. The disclosure for this sale can be found here. Company insiders own 7.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in BGFV. FormulaFolio Investments LLC acquired a new stake in shares of Big 5 Sporting Goods Corp. during the second quarter worth about $102,000. First Midwest Bank Trust Division acquired a new stake in shares of Big 5 Sporting Goods Corp. during the second quarter worth about $132,000. Princeton Alpha Management LP acquired a new stake in shares of Big 5 Sporting Goods Corp. during the second quarter worth about $149,000. BlackRock Group LTD raised its stake in shares of Big 5 Sporting Goods Corp. by 8.7% in the second quarter. BlackRock Group LTD now owns 16,739 shares of the company’s stock worth $155,000 after buying an additional 1,339 shares during the last quarter. Finally, Connors Investor Services Inc. raised its stake in shares of Big 5 Sporting Goods Corp. by 17.8% in the second quarter. Connors Investor Services Inc. now owns 19,836 shares of the company’s stock worth $184,000 after buying an additional 3,000 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) opened at 13.62 on Wednesday. Big 5 Sporting Goods Corp. has a 12-month low of $8.15 and a 12-month high of $14.64. The stock has a market cap of $294.89 million, a P/E ratio of 25.84 and a beta of 0.56. The company has a 50 day moving average price of $13.50 and a 200 day moving average price of $11.05.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last issued its earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.08. Big 5 Sporting Goods Corp. had a return on equity of 6.50% and a net margin of 1.12%. The firm had revenue of $241.10 million for the quarter, compared to analysts’ expectations of $238.29 million. During the same quarter last year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts anticipate that Big 5 Sporting Goods Corp. will post $0.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Tuesday, August 30th. Big 5 Sporting Goods Corp.’s dividend payout ratio is presently 94.34%.
About Big 5 Sporting Goods Corp.
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 that averages approximately 11,000 square feet. 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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