Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Cut to Hold at Deutsche Bank AG
Deutsche Bank AG lowered shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. Deutsche Bank AG currently has $10.00 price target on the stock, down from their prior price target of $20.00.
A number of other research firms have also weighed in on BGFV. BidaskClub lowered shares of Big 5 Sporting Goods Corporation from a sell rating to a strong sell rating in a report on Saturday, July 8th. ValuEngine lowered shares of Big 5 Sporting Goods Corporation from a strong-buy rating to a buy rating in a report on Tuesday. Zacks Investment Research raised shares of Big 5 Sporting Goods Corporation from a hold rating to a strong-buy rating and set a $17.00 target price on the stock in a report on Friday, May 5th. Finally, Forward View set a $14.00 target price on shares of Big 5 Sporting Goods Corporation and gave the stock a hold rating in a report on Sunday, May 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $13.67.
Shares of Big 5 Sporting Goods Corporation (BGFV) traded down 0.53% on Wednesday, hitting $9.35. 1,369,782 shares of the stock traded hands. The stock has a 50 day moving average price of $12.44 and a 200-day moving average price of $14.20. Big 5 Sporting Goods Corporation has a 52 week low of $9.30 and a 52 week high of $20.35. The stock has a market cap of $203.33 million, a price-to-earnings ratio of 8.59 and a beta of -0.09.
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. The business had revenue of $243.67 million for the quarter, compared to analysts’ expectations of $251.03 million. Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, equities research analysts forecast that Big 5 Sporting Goods Corporation will post $0.93 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date of this dividend is Wednesday, August 30th. Big 5 Sporting Goods Corporation’s payout ratio is 54.55%.
In other news, Director Van B. Honeycutt sold 12,000 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $13.83, for a total value of $165,960.00. Following the transaction, the director now owns 14,400 shares of the company’s stock, valued at approximately $199,152. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gary S. Meade sold 1,865 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $14.57, for a total transaction of $27,173.05. Following the completion of the transaction, the vice president now directly owns 18,093 shares in the company, valued at approximately $263,615.01. The disclosure for this sale can be found here. Insiders sold a total of 16,960 shares of company stock worth $235,146 in the last three months. Insiders own 7.90% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Big 5 Sporting Goods Corporation by 45.4% in the second quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock worth $104,000 after buying an additional 2,482 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Big 5 Sporting Goods Corporation during the first quarter worth approximately $125,000. Fox Run Management L.L.C. bought a new position in shares of Big 5 Sporting Goods Corporation during the second quarter worth approximately $147,000. Atria Investments LLC bought a new position in shares of Big 5 Sporting Goods Corporation during the second quarter worth approximately $164,000. Finally, Texas Permanent School Fund raised its position in shares of Big 5 Sporting Goods Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock worth $171,000 after buying an additional 185 shares during the last quarter.
Big 5 Sporting Goods Corporation Company Profile
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. 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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