ValuEngine upgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a sell rating to a hold rating in a report published on Wednesday.
Separately, Zacks Investment Research upgraded Big 5 Sporting Goods from a strong sell rating to a hold rating in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of Hold and a consensus target price of $8.67.
Big 5 Sporting Goods (BGFV) opened at $6.15 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $130.82, a P/E ratio of 11.18 and a beta of -0.46. Big 5 Sporting Goods has a 12-month low of $5.05 and a 12-month high of $17.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date of this dividend is Thursday, March 8th. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently 2,000.67%.
In other Big 5 Sporting Goods news, Director Van B. Honeycutt acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was acquired at an average cost of $6.49 per share, for a total transaction of $32,450.00. Following the completion of the transaction, the director now directly owns 18,600 shares of the company’s stock, valued at $120,714. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Van B. Honeycutt acquired 32,000 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was acquired at an average price of $6.18 per share, with a total value of $197,760.00. Following the completion of the transaction, the director now directly owns 18,600 shares of the company’s stock, valued at $114,948. The disclosure for this purchase can be found here. Insiders bought 48,000 shares of company stock valued at $296,210 over the last 90 days. Company insiders own 7.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. purchased a new stake in shares of Big 5 Sporting Goods in the second quarter valued at approximately $133,000. The Manufacturers Life Insurance Company increased 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 valued at $219,000 after buying an additional 3,625 shares in the last quarter. AlphaStar Capital Management LLC purchased a new stake in shares of Big 5 Sporting Goods in the fourth quarter valued at approximately $165,000. Private Advisor Group LLC acquired a new stake in shares of Big 5 Sporting Goods in the third quarter worth approximately $165,000. Finally, Investors Research Corp acquired a new stake in shares of Big 5 Sporting Goods in the fourth quarter worth approximately $170,000. Institutional investors and hedge funds own 91.74% of the company’s stock.
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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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