Big 5 Sporting Goods (BGFV) Rating Increased to Sell at ValuEngine

ValuEngine upgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a strong sell rating to a sell rating in a research note published on Tuesday, ValuEngine reports.

Several other brokerages have also recently issued reports on BGFV. Zacks Investment Research raised Big 5 Sporting Goods from a hold rating to a buy rating and set a $4.25 target price on the stock in a research report on Wednesday, January 16th. TheStreet cut Big 5 Sporting Goods from a c- rating to a d+ rating in a research report on Monday, January 14th.

NASDAQ:BGFV traded up $0.04 during midday trading on Tuesday, hitting $2.59. The stock had a trading volume of 1,167 shares, compared to its average volume of 440,959. Big 5 Sporting Goods has a one year low of $2.22 and a one year high of $9.75. The stock has a market cap of $59.68 million, a P/E ratio of -32.00 and a beta of 0.41. The company has a quick ratio of 0.10, a current ratio of 1.42 and a debt-to-equity ratio of 1.46.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its earnings results on Tuesday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $245.29 million for the quarter, compared to analysts’ expectations of $246.64 million. Big 5 Sporting Goods had a positive return on equity of 0.81% and a negative net margin of 0.06%. On average, sell-side analysts anticipate that Big 5 Sporting Goods will post 0.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.20 annualized dividend and a yield of 7.72%. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently -250.00%.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Big 5 Sporting Goods by 1.4% during the 3rd quarter. BlackRock Inc. now owns 2,945,980 shares of the company’s stock valued at $15,023,000 after purchasing an additional 40,886 shares during the last quarter. Towle & Co. lifted its holdings in shares of Big 5 Sporting Goods by 86.4% during the 4th quarter. Towle & Co. now owns 2,214,852 shares of the company’s stock valued at $5,736,000 after purchasing an additional 1,026,702 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Big 5 Sporting Goods during the 4th quarter valued at $119,000. Millennium Management LLC purchased a new stake in shares of Big 5 Sporting Goods during the 4th quarter valued at $1,120,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Big 5 Sporting Goods by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,238,540 shares of the company’s stock valued at $6,316,000 after purchasing an additional 62,569 shares during the last quarter. Hedge funds and other institutional investors own 54.27% of the company’s stock.

Big 5 Sporting Goods Company Profile

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection 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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