Big 5 Sporting Goods Corp. (BGFV) Trading 2.6% Higher
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) traded up 2.6% during trading on Wednesday . The company traded as high as $12.98 and last traded at $12.94, with a volume of 168,803 shares. The stock had previously closed at $12.61.
BGFV has been the subject of several recent research reports. Zacks Investment Research upgraded Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, August 5th. Vetr upgraded Big 5 Sporting Goods Corp. from a “buy” rating to a “strong-buy” rating and set a $13.81 price target for the company in a research report on Tuesday, May 3rd. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $9.00 price target on shares of Big 5 Sporting Goods Corp. in a research report on Thursday, April 14th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Big 5 Sporting Goods Corp. has a consensus rating of “Buy” and a consensus target price of $12.86.
The firm has a market capitalization of $282.33 million and a price-to-earnings ratio of 24.74. The company’s 50 day moving average price is $10.48 and its 200-day moving average price is $10.75.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. The business earned $241.10 million during the quarter, compared to analysts’ expectations of $238.29 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. On average, equities analysts anticipate that Big 5 Sporting Goods Corp. will post $0.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.125 dividend. 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 3.83%.
In other news, Director Stadium Capital Management Llc sold 88,712 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $12.91, for a total value of $1,145,271.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Big 5 Sporting Goods Corp. stock. First Trust Advisors LP boosted its position in shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) by 33.4% during the fourth quarter, according to its most recent disclosure with the 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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