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

According to Zacks, “Big 5 Sporting outperformed the industry in the past one month owing to narrower-than-expected loss in the fourth quarter of 2017. However, the company's sales missed the Zacks Consensus Estimate for the third straight time. Sales in the reported quarter were mainly marred by negative comps, a tough and promotional retail backdrop along with weakness in the company's firearm related business. Further, merchandise margins were impacted by a shift in sales mix and higher promotional activities. Following the soft quarter, the company issued dismal guidance for the first quarter of 2018. Nevertheless, Big 5 Sporting remains committed toward expanding its store base and introducing technological advancements to enhance services for its patrons, bodes well. Additionally, the company’s shareholder-friendly moves are noteworthy.”

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Separately, ValuEngine upgraded Big 5 Sporting Goods from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $8.67.

Big 5 Sporting Goods (BGFV) opened at $6.85 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.26. Big 5 Sporting Goods has a 1-year low of $5.05 and a 1-year high of $17.10. The company has a market capitalization of $140.39, a P/E ratio of 228.41 and a beta of -0.46.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its earnings results on Tuesday, February 27th. The company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). The company had revenue of $242.89 million for the quarter, compared to the consensus estimate of $262.18 million. Big 5 Sporting Goods had a return on equity of 5.97% and a net margin of 0.11%. Big 5 Sporting Goods’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. sell-side analysts expect that Big 5 Sporting Goods will post 0.56 earnings per share for the current year.

In other Big 5 Sporting Goods news, Director Van B. Honeycutt bought 11,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were purchased at an average cost of $6.00 per share, for a total transaction of $66,000.00. Following the transaction, the director now directly owns 18,600 shares in the company, valued at $111,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Van B. Honeycutt bought 5,000 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was acquired at an average price of $6.49 per share, for a total transaction of $32,450.00. Following the completion of the transaction, the director now owns 18,600 shares in the company, valued at $120,714. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 48,000 shares of company stock worth $296,210. 7.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Big 5 Sporting Goods by 17.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,186,065 shares of the company’s stock valued at $15,478,000 after acquiring an additional 174,942 shares during the period. California Public Employees Retirement System increased its position in Big 5 Sporting Goods by 24.1% in the 3rd quarter. California Public Employees Retirement System now owns 112,824 shares of the company’s stock valued at $863,000 after acquiring an additional 21,924 shares during the period. KBC Group NV increased its position in Big 5 Sporting Goods by 37.1% in the 3rd quarter. KBC Group NV now owns 126,319 shares of the company’s stock valued at $966,000 after acquiring an additional 34,169 shares during the period. Icon Advisers Inc. Co. acquired a new stake in Big 5 Sporting Goods in the 4th quarter valued at approximately $2,244,000. Finally, Boothbay Fund Management LLC acquired a new stake in Big 5 Sporting Goods in the 3rd quarter valued at approximately $393,000. Hedge funds and other institutional investors own 92.38% of the company’s stock.

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Big 5 Sporting Goods 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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