Big 5 Sporting Goods Corp. (BGFV) Trading 3.1% Higher
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) traded up 3.1% on Thursday . The stock traded as high as $12.91 and last traded at $12.90, with a volume of 78,782 shares changing hands. The stock had previously closed at $12.51.
BGFV has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Friday, August 5th. 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 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 issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $12.86.
The stock has a market cap of $280.38 million and a P/E ratio of 24.57. The company has a 50-day moving average price of $11.94 and a 200 day moving average price of $10.85.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.08. The firm earned $241.10 million during the quarter, compared to analyst estimates of $238.29 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. On average, analysts predict that Big 5 Sporting Goods Corp. will post $0.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.50 annualized dividend and a yield of 3.86%.
In other news, Director Stadium Capital Partners L. P sold 10,584 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $13.09, for a total transaction of $138,544.56. Following the transaction, the director now directly owns 2,423,842 shares of the company’s stock, valued at approximately $31,728,091.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stadium Capital Management Llc sold 88,712 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $12.91, for a total transaction 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 sporting goods store format that averages approximately 11,000 square feet. 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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