Big 5 Sporting Goods Corp. (BGFV) Sees Strong Trading Volume
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) shares saw unusually-high trading volume on Monday . Approximately 203,945 shares were traded during mid-day trading, an increase of 57% from the previous session’s volume of 130,050 shares.The stock last traded at $10.21 and had previously closed at $10.56.
BGFV has been the topic of several research reports. Deutsche Bank AG restated a “hold” rating and issued a $9.00 price target on shares of Big 5 Sporting Goods Corp. in a research note on Thursday, April 14th. Vetr downgraded shares of Big 5 Sporting Goods Corp. from a “strong-buy” rating to a “buy” rating and set a $13.36 price target on the stock. in a research note on Monday, April 25th. Finally, Zacks Investment Research downgraded shares of Big 5 Sporting Goods Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.26.
The stock has a 50 day moving average price of $9.64 and a 200 day moving average price of $10.66. The stock has a market cap of $222.92 million and a PE ratio of 18.97.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last released its earnings results on Tuesday, May 3rd. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.06. The firm earned $234.50 million during the quarter, compared to the consensus estimate of $235.87 million. During the same quarter last year, the firm earned $0.14 EPS. Big 5 Sporting Goods Corp.’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts predict that Big 5 Sporting Goods Corp. will post $0.47 EPS for the current fiscal year.
A hedge fund recently raised its stake in Big 5 Sporting Goods Corp. stock. First Trust Advisors LP raised its position in Big 5 Sporting Goods Corp. (NASDAQ:BGFV) by 33.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 251,565 shares of the company’s stock after buying an additional 63,010 shares during the period. First Trust Advisors LP owned about 1.16% of Big 5 Sporting Goods Corp. worth $2,513,000 as of its most recent filing with the SEC.
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a traditional 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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