Big 5 Sporting Goods (NASDAQ:BGFV) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Big 5 Sporting outperformed the industry in the past month gaining from store penetration strategies, impressive growth plans and financial strength. However, the company’s dismal sales trend marking second straight miss in third-quarter 2017 remains a concern. Sales were hurt by negative comps, a tough and promotional retail backdrop, weakness in firearm related business and cycling of benefits from the closure of rival stores in third-quarter 2016. Moreover, a slow start to fall-related product sales and low demand for firearm related products impacted comps in the fourth quarter. This, alongside a tough and highly promotional holiday season is likely to weigh on fourth-quarter comps and profits. Nevertheless, it anticipates retaining market share gains from last year. Its inventory position is apt for the winter and holiday seasons. Also, the company’s shareholder-friendly moves are noteworthy.”

BGFV has been the subject of a number of other reports. Forward View reaffirmed a “hold” rating and set a $8.00 price target on shares of Big 5 Sporting Goods in a report on Sunday, September 3rd. ValuEngine lowered shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research 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 has an average rating of “Hold” and a consensus price target of $9.00.

Big 5 Sporting Goods (BGFV) traded up $0.25 on Monday, reaching $7.65. 2,206,100 shares of the company were exchanged, compared to its average volume of 800,199. The firm has a market cap of $163.92, a price-to-earnings ratio of 7.81 and a beta of -0.07. Big 5 Sporting Goods has a 1-year low of $6.00 and a 1-year high of $18.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.16 and a current ratio of 2.07.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.28. The business had revenue of $270.47 million during the quarter, compared to analyst estimates of $272.27 million. Big 5 Sporting Goods had a net margin of 2.11% and a return on equity of 10.37%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. analysts forecast that Big 5 Sporting Goods will post 0.9 earnings per share for the current year.

In related news, Director Van B. Honeycutt acquired 43,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was bought at an average cost of $7.26 per share, with a total value of $312,180.00. Following the acquisition, the director now directly owns 18,600 shares in the company, valued at $135,036. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.90% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in Big 5 Sporting Goods by 45.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock worth $104,000 after acquiring an additional 2,482 shares in the last quarter. Alliancebernstein L.P. acquired a new position in Big 5 Sporting Goods during the 2nd quarter worth $133,000. Private Advisor Group LLC acquired a new position in Big 5 Sporting Goods during the 3rd quarter worth $165,000. Texas Permanent School Fund grew its holdings in Big 5 Sporting Goods by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock worth $171,000 after acquiring an additional 185 shares in the last quarter. Finally, Symons Capital Management Inc. bought a new position in shares of Big 5 Sporting Goods in the 2nd quarter worth about $181,000.

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About Big 5 Sporting Goods

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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