Big 5 Sporting Goods Corp. (BGFV) Trading Up 1.8%
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) was up 1.8% during trading on Friday . The company 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.
A number of equities research analysts have issued reports on BGFV shares. 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 report on Wednesday, August 3rd. Vetr raised shares of Big 5 Sporting Goods Corp. from a “buy” rating to a “strong-buy” rating and set a $13.81 target price on the stock in a report on Tuesday, May 3rd. Finally, 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 on the stock in a report on Friday, August 5th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $12.86.
The firm has a 50-day moving average of $11.05 and a 200-day moving average of $10.80. The stock has a market cap of $284.06 million and a PE ratio of 24.90.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.08. The firm had revenue of $241.10 million for the quarter, compared to analysts’ expectations of $238.29 million. During the same quarter in the previous year, the company earned $0.15 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts expect that Big 5 Sporting Goods Corp. will post $0.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.81%. The ex-dividend date is Tuesday, August 30th.
In related news, Director Stadium Capital Management Llc sold 106,194 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $12.66, for a total value of $1,344,416.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stadium Capital Partners L. P sold 10,584 shares of the firm’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 completion of the sale, the director now owns 2,423,842 shares in the company, valued at approximately $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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