Big 5 Sporting Goods Corp. (BGFV) Trading 3.1% Higher
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) traded up 3.1% during trading on Thursday . The stock traded as high as $12.91 and last traded at $12.90, with a volume of 78,782 shares. The stock had previously closed at $12.51.
Several analysts have recently commented on the company. Zacks Investment Research cut Big 5 Sporting Goods Corp. from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Deutsche Bank AG increased their target price on Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Big 5 Sporting Goods Corp. currently has an average rating of “Buy” and a consensus price target of $12.86.
The stock has a market cap of $277.13 million and a price-to-earnings ratio of 24.29. The stock’s 50-day moving average is $11.80 and its 200 day moving average is $10.84.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.08. The firm had revenue of $241.10 million for the quarter, compared to analyst estimates of $238.29 million. During the same period in the previous year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts forecast that Big 5 Sporting Goods Corp. will post $0.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.50 annualized dividend and a yield of 4.00%.
In other Big 5 Sporting Goods Corp. news, Director Stadium Capital Partners L. P sold 10,584 shares of Big 5 Sporting Goods Corp. stock in a transaction on Monday, August 15th. The stock was sold at an average price of $13.09, for a total value of $138,544.56. Following the completion of the transaction, the director now directly owns 2,423,842 shares of the company’s stock, valued at approximately $31,728,091.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stadium Capital Management Llc sold 88,712 shares of Big 5 Sporting Goods Corp. stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $12.91, for a total value of $1,145,271.92. 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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