Zacks Investment Research cut shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) from a hold rating to a strong sell rating in a research report sent to investors on Friday.

According to Zacks, “Big 5 Sporting's shares have underperformed the broader industry in the last three months. The company posted lower-than-expected top-line results in second-quarter 2017. While comps improved, it was significantly hurt by diminished demand for some products in the hardgoods category as well as the the calendar shift of Easter and Fourth of July holidays into the second quarter. Further, the company provided soft comps and earnings outlook for the third quarter due to cycling of the benefits of rival store closures last year and a tough retail environment. However, the company’s earnings topped estimates, marking its fifth straight earnings beat. Going forward, the company expects to retain market share gains from last year. Further, its inventory position is apt for the rest of summer and the back to school season. Additionally, Big 5 Sporting's shareholder-friendly moves are noteworthy.”

Several other research firms have also recently issued reports on BGFV. Deutsche Bank AG reissued a buy rating and set a $20.00 target price (up from $18.00) on shares of Big 5 Sporting Goods Corporation in a research note on Wednesday, May 3rd. Forward View set a $14.00 target price on Big 5 Sporting Goods Corporation and gave the company a hold rating in a research note on Sunday, May 28th. BidaskClub cut Big 5 Sporting Goods Corporation from a sell rating to a strong sell rating in a research note on Saturday, July 8th. Finally, ValuEngine cut Big 5 Sporting Goods Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $13.67.

Shares of Big 5 Sporting Goods Corporation (NASDAQ BGFV) traded down 0.53% during trading on Friday, hitting $9.35. The company had a trading volume of 1,369,782 shares. The firm has a market capitalization of $203.33 million, a P/E ratio of 8.59 and a beta of -0.09. The company’s 50 day moving average is $12.44 and its 200 day moving average is $14.20. Big 5 Sporting Goods Corporation has a 1-year low of $9.30 and a 1-year high of $20.35.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last posted its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The business had revenue of $243.67 million for the quarter, compared to analysts’ expectations of $251.03 million. During the same period last year, the firm posted $0.11 earnings per share. Big 5 Sporting Goods Corporation’s quarterly revenue was up .9% on a year-over-year basis. Analysts anticipate that Big 5 Sporting Goods Corporation will post $0.93 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 6.42%. Big 5 Sporting Goods Corporation’s dividend payout ratio is presently 54.55%.

In related news, VP Gary S. Meade sold 1,865 shares of Big 5 Sporting Goods Corporation stock in a transaction that occurred 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 sale, the vice president now directly owns 18,093 shares in the company, valued at $263,615.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Van B. Honeycutt sold 12,000 shares of Big 5 Sporting Goods Corporation stock in a transaction that occurred 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 sale, the director now owns 14,400 shares in the company, valued at $199,152. The disclosure for this sale can be found here. Insiders have sold 16,960 shares of company stock worth $235,146 over the last 90 days. 7.90% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. LSV Asset Management raised its stake in Big 5 Sporting Goods Corporation by 6.1% in the first quarter. LSV Asset Management now owns 1,114,233 shares of the company’s stock valued at $16,824,000 after buying an additional 63,812 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Big 5 Sporting Goods Corporation by 22.5% in the first quarter. Wedge Capital Management L L P NC now owns 76,198 shares of the company’s stock valued at $1,151,000 after buying an additional 13,997 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Big 5 Sporting Goods Corporation by 27.3% in the first quarter. Great West Life Assurance Co. Can now owns 27,984 shares of the company’s stock valued at $421,000 after buying an additional 6,000 shares in the last quarter. Bowling Portfolio Management LLC purchased a new stake in Big 5 Sporting Goods Corporation during the first quarter valued at $389,000. Finally, Essex Investment Management Co. LLC raised its stake in Big 5 Sporting Goods Corporation by 31.2% in the first quarter. Essex Investment Management Co. LLC now owns 72,645 shares of the company’s stock valued at $1,097,000 after buying an additional 17,292 shares in 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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