Navellier & Associates Inc acquired a new position in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 249,434 shares of the company’s stock, valued at approximately $3,255,000. Navellier & Associates Inc owned approximately 1.15% of Big 5 Sporting Goods Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in 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 purchasing an additional 2,482 shares in the last quarter. Alliancebernstein L.P. acquired a new position in Big 5 Sporting Goods Corporation in the second quarter worth $133,000. Fox Run Management L.L.C. acquired a new position in Big 5 Sporting Goods Corporation in the second quarter worth $147,000. Atria Investments LLC acquired a new position in Big 5 Sporting Goods Corporation in the second quarter worth $164,000. Finally, Texas Permanent School Fund boosted its stake in 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 purchasing an additional 185 shares in the last quarter.

In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt purchased 48,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were bought at an average price of $7.71 per share, for a total transaction of $370,080.00. Following the purchase, the director now owns 18,600 shares in the company, valued at approximately $143,406. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 7.90% of the company’s stock.

BGFV has been the topic of a number of recent analyst reports. ValuEngine lowered Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, July 4th. Forward View reissued a “hold” rating and issued a $8.00 price objective on shares of Big 5 Sporting Goods Corporation in a research note on Sunday, September 3rd. BidaskClub lowered Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Finally, Deutsche Bank AG lowered Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $20.00 to $10.00 in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $9.00.

COPYRIGHT VIOLATION NOTICE: “Navellier & Associates Inc Acquires New Position in Big 5 Sporting Goods Corporation (BGFV)” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/10/16/navellier-associates-inc-acquires-new-position-in-big-5-sporting-goods-corporation-bgfv.html.

Shares of Big 5 Sporting Goods Corporation (BGFV) traded down 0.350% during trading on Monday, hitting $7.125. The stock had a trading volume of 696,205 shares. Big 5 Sporting Goods Corporation has a one year low of $6.80 and a one year high of $20.35. The stock has a 50 day moving average price of $7.65 and a 200-day moving average price of $11.55. The stock has a market capitalization of $154.94 million, a price-to-earnings ratio of 6.549 and a beta of -0.11.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $251.03 million. During the same quarter in the previous year, the business posted $0.11 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts predict that Big 5 Sporting Goods Corporation will post $0.96 earnings per share for the current year.

Big 5 Sporting Goods Corporation 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.

Want to see what other hedge funds are holding BGFV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Big 5 Sporting Goods Corporation (NASDAQ:BGFV).

Institutional Ownership by Quarter for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

Receive News & Ratings for Big 5 Sporting Goods Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big 5 Sporting Goods Corporation and related companies with MarketBeat.com's FREE daily email newsletter.