Big 5 Sporting Goods Corp. (BGFV) Trading 2.6% Higher
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) traded up 2.6% during mid-day trading on Wednesday . The company traded as high as $12.98 and last traded at $12.94, with a volume of 168,803 shares changing hands. The stock had previously closed at $12.61.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, August 5th. Deutsche Bank AG lifted their target price on Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Finally, Vetr raised Big 5 Sporting Goods Corp. from a “buy” rating to a “strong-buy” rating and set a $13.81 target price on the stock in a research report on Tuesday, May 3rd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Big 5 Sporting Goods Corp. currently has a consensus rating of “Buy” and a consensus target price of $12.86.
The firm has a market capitalization of $282.11 million and a price-to-earnings ratio of 24.72. The company has a 50-day moving average price of $10.24 and a 200-day moving average price of $10.72.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.08. The company had revenue of $241.10 million for the quarter, compared to the consensus estimate of $238.29 million. Big 5 Sporting Goods Corp.’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. On average, equities analysts forecast that Big 5 Sporting Goods Corp. will post $0.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.84%.
In other news, Director Stadium Capital Management Llc sold 106,194 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $12.66, for a total transaction of $1,344,416.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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 Securities and Exchange Commission (SEC). The fund owned 251,565 shares of the company’s stock after buying an additional 63,010 shares during the period. First Trust Advisors LP owned approximately 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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