Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) dropped 3% during trading on Wednesday . The company traded as low as $12.33 and last traded at $12.40, with a volume of 136,909 shares traded. The stock had previously closed at $12.79.

BGFV has been the subject of a number of recent analyst reports. Deutsche Bank AG lifted their target price on shares of Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research cut shares of Big 5 Sporting Goods Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. 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 note on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $12.86.

The stock has a 50-day moving average price of $11.80 and a 200-day moving average price of $10.84. The firm has a market capitalization of $270.85 million and a P/E ratio of 23.74.

Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last issued its quarterly earnings results 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 business had revenue of $241.10 million for the quarter, compared to analysts’ expectations of $238.29 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts predict that Big 5 Sporting Goods Corp. will post $0.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.00%.

In related news, Director Stadium Capital Management Llc sold 17,294 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $12.81, for a total transaction of $221,536.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stadium Capital Partners L. P sold 10,584 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $13.09, for a total transaction of $138,544.56. Following the sale, the director now owns 2,423,842 shares in the company, valued at $31,728,091.78. 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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