Big 5 Sporting Goods Co. (NASDAQ:BGFV) Director Van B. Honeycutt purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were purchased at an average cost of $6.49 per share, with a total value of $32,450.00. Following the purchase, the director now directly owns 18,600 shares in the company, valued at $120,714. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Big 5 Sporting Goods Co. (BGFV) traded up $0.10 during mid-day trading on Friday, reaching $6.15. 741,229 shares of the company traded hands, compared to its average volume of 1,120,000. Big 5 Sporting Goods Co. has a 12-month low of $5.05 and a 12-month high of $17.10. The firm has a market cap of $133.95, a P/E ratio of 21.21 and a beta of -0.46. The company has a quick ratio of 0.20, a current ratio of 1.91 and a debt-to-equity ratio of 0.26.
Big 5 Sporting Goods (NASDAQ:BGFV) last announced its earnings results on Tuesday, February 27th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). Big 5 Sporting Goods had a net margin of 0.11% and a return on equity of 5.97%. The firm had revenue of $242.89 million during the quarter, compared to the consensus estimate of $262.18 million. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. sell-side analysts predict that Big 5 Sporting Goods Co. will post 0.56 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. acquired a new position in Big 5 Sporting Goods in the 2nd quarter valued at about $133,000. The Manufacturers Life Insurance Company raised its stake in Big 5 Sporting Goods by 27.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,874 shares of the company’s stock valued at $219,000 after purchasing an additional 3,625 shares during the last quarter. AlphaStar Capital Management LLC acquired a new position in Big 5 Sporting Goods in the 4th quarter valued at about $165,000. Private Advisor Group LLC acquired a new position in Big 5 Sporting Goods in the 3rd quarter valued at about $165,000. Finally, Investors Research Corp acquired a new position in Big 5 Sporting Goods in the 4th quarter valued at about $170,000. 91.74% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research note on Monday, December 18th. ValuEngine downgraded Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Big 5 Sporting Goods presently has a consensus rating of “Hold” and an average target price of $8.67.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3254058/big-5-sporting-goods-co-bgfv-director-van-b-honeycutt-buys-5000-shares.html.
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.
Receive News & Ratings for Big 5 Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big 5 Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.