Big 5 Sporting Goods Corp. (BGFV) Shares Up 1.8%
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) shot up 1.8% on Friday . The stock traded as high as $13.22 and last traded at $13.09, with a volume of 123,888 shares. The stock had previously closed at $12.86.
Several brokerages have weighed in on BGFV. Zacks Investment Research upgraded shares of Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday, August 5th. Deutsche Bank AG boosted their target price on shares of 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 upgraded shares of Big 5 Sporting Goods Corp. from a “buy” rating to a “strong-buy” rating and set a $13.81 target price for the company in a research report on Tuesday, May 3rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Big 5 Sporting Goods Corp. presently has a consensus rating of “Buy” and an average target price of $12.86.
The stock has a market capitalization of $284.06 million and a P/E ratio of 24.90. The company’s 50-day moving average is $11.16 and its 200 day moving average is $10.81.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ 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 quarterly 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 predict that Big 5 Sporting Goods Corp. will post $0.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.50 annualized dividend and a yield of 3.81%.
In other Big 5 Sporting Goods Corp. news, Director Stadium Capital Partners L. P sold 9,893 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $13.08, for a total transaction of $129,400.44. Following the completion of the transaction, the director now owns 2,423,842 shares in the company, valued at $31,703,853.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stadium Capital Management Llc sold 38,716 shares of the stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $13.01, for a total transaction of $503,695.16. The disclosure for this sale can be found here.
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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