Big 5 Sporting Goods (NASDAQ:BGFV) Stock Price Passes Above Two Hundred Day Moving Average of $12.10

Big 5 Sporting Goods Co. (NASDAQ:BGFVGet Rating)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.10 and traded as high as $13.05. Big 5 Sporting Goods shares last traded at $12.74, with a volume of 245,640 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Big 5 Sporting Goods in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Big 5 Sporting Goods Stock Down 0.5 %

The firm’s 50 day moving average is $11.84 and its two-hundred day moving average is $12.11. The stock has a market cap of $281.02 million, a price-to-earnings ratio of 6.34 and a beta of 2.55. The company has a current ratio of 1.61, a quick ratio of 0.26 and a debt-to-equity ratio of 0.02.

Big 5 Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.89%. The ex-dividend date is Wednesday, November 30th. Big 5 Sporting Goods’s payout ratio is 50.00%.

Insider Activity at Big 5 Sporting Goods

In other news, VP Jeffrey L. Fraley sold 3,268 shares of the company’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $12.28, for a total transaction of $40,131.04. Following the completion of the transaction, the vice president now owns 13,775 shares of the company’s stock, valued at approximately $169,157. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Great West Life Assurance Co. Can increased its position in Big 5 Sporting Goods by 182.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,459 shares of the company’s stock worth $26,000 after purchasing an additional 943 shares in the last quarter. Byrne Asset Management LLC increased its position in Big 5 Sporting Goods by 42.4% during the 2nd quarter. Byrne Asset Management LLC now owns 3,963 shares of the company’s stock worth $49,000 after purchasing an additional 1,180 shares in the last quarter. Strs Ohio increased its position in Big 5 Sporting Goods by 5.9% during the 2nd quarter. Strs Ohio now owns 26,800 shares of the company’s stock worth $300,000 after purchasing an additional 1,500 shares in the last quarter. BNP Paribas Arbitrage SNC increased its position in Big 5 Sporting Goods by 20.7% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 9,893 shares of the company’s stock worth $106,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Big 5 Sporting Goods by 29.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $137,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 47.15% of the company’s stock.

Big 5 Sporting Goods Company Profile

(Get Rating)

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company's products include athletic shoes, apparel, and accessories. It also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.

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