Big 5 Sporting Goods Corporation (NASDAQ:BGFV) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Other equities research analysts have also recently issued reports about the company. TheStreet cut Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Deutsche Bank AG cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $10.00 in a research note on Wednesday, August 2nd. Forward View reissued a “hold” rating and issued a $11.00 target price on shares of Big 5 Sporting Goods Corporation in a research note on Tuesday, August 8th. Zacks Investment Research raised Big 5 Sporting Goods Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub cut Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.00.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) opened at 8.05 on Thursday. The company has a market cap of $175.06 million, a PE ratio of 7.40 and a beta of -0.11. Big 5 Sporting Goods Corporation has a 1-year low of $7.10 and a 1-year high of $20.35. The stock has a 50 day moving average price of $7.70 and a 200 day moving average price of $11.87.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last released its earnings results on Tuesday, August 1st. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). The firm had revenue of $243.67 million during the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. Equities analysts forecast that Big 5 Sporting Goods Corporation will post $0.96 earnings per share for the current year.

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In other news, Director Van B. Honeycutt bought 48,000 shares of the stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of $7.71 per share, with a total value of $370,080.00. Following the purchase, the director now owns 18,600 shares of the company’s stock, valued at $143,406. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 7.90% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in BGFV. BNP Paribas Arbitrage SA grew its stake in shares of Big 5 Sporting Goods Corporation by 45.4% during the second quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock worth $104,000 after purchasing an additional 2,482 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Big 5 Sporting Goods Corporation during the first quarter worth $125,000. Alliancebernstein L.P. acquired a new stake in shares of Big 5 Sporting Goods Corporation during the second quarter worth $133,000. Fox Run Management L.L.C. acquired a new stake in shares of Big 5 Sporting Goods Corporation during the second quarter worth $147,000. Finally, Atria Investments LLC acquired a new stake in shares of Big 5 Sporting Goods Corporation during the second quarter worth $164,000.

About Big 5 Sporting Goods Corporation

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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