Shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $9.00.
BGFV has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research report on Monday, December 18th. ValuEngine raised shares of Big 5 Sporting Goods from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th.
Big 5 Sporting Goods (NASDAQ:BGFV) traded up $0.05 during trading hours on Wednesday, hitting $6.90. 1,166,049 shares of the stock traded hands, compared to its average volume of 918,796. Big 5 Sporting Goods has a 12-month low of $5.05 and a 12-month high of $17.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.20 and a current ratio of 1.91. The stock has a market cap of $145.71, a PE ratio of 230.08 and a beta of -0.46.
Big 5 Sporting Goods (NASDAQ:BGFV) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). Big 5 Sporting Goods had a net margin of 0.11% and a return on equity of 5.97%. The company had revenue of $242.89 million during the quarter, compared to analysts’ expectations of $262.18 million. During the same period last year, the company posted $0.35 EPS. Big 5 Sporting Goods’s revenue was down 8.8% on a year-over-year basis. equities research analysts expect that Big 5 Sporting Goods will post 0.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.60 dividend on an annualized basis and a yield of 8.70%. Big 5 Sporting Goods’s dividend payout ratio (DPR) is currently 2,000.67%.
In other Big 5 Sporting Goods news, Director Van B. Honeycutt purchased 11,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was bought at an average cost of $6.00 per share, with a total value of $66,000.00. Following the transaction, the director now directly owns 18,600 shares in the company, valued at approximately $111,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Van B. Honeycutt purchased 31,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average cost of $6.78 per share, with a total value of $210,180.00. Following the completion of the transaction, the director now owns 18,600 shares in the company, valued at $126,108. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 79,000 shares of company stock valued at $506,390. 7.90% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Big 5 Sporting Goods by 17.3% in the second quarter. Vanguard Group Inc. now owns 1,186,065 shares of the company’s stock worth $15,478,000 after buying an additional 174,942 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Big 5 Sporting Goods by 41.5% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 665,815 shares of the company’s stock worth $5,060,000 after buying an additional 195,430 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Big 5 Sporting Goods by 102.7% in the fourth quarter. Guggenheim Capital LLC now owns 605,285 shares of the company’s stock worth $4,600,000 after buying an additional 306,723 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Big 5 Sporting Goods by 13.5% in the third quarter. Allianz Asset Management GmbH now owns 601,150 shares of the company’s stock worth $4,599,000 after buying an additional 71,382 shares during the last quarter. Finally, GMT Capital Corp purchased a new position in Big 5 Sporting Goods in the third quarter worth about $4,566,000. 92.38% of the stock is owned by institutional investors and hedge funds.
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About Big 5 Sporting Goods
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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