Big 5 Sporting Goods (NASDAQ:BGFV) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a sell rating to a hold rating in a research note released on Tuesday.

Separately, TheStreet lowered shares of Big 5 Sporting Goods from a c rating to a d+ rating in a research note on Wednesday, February 28th.

Big 5 Sporting Goods Stock Down 11.1 %

NASDAQ:BGFV opened at $3.52 on Tuesday. The firm has a market cap of $78.99 million, a P/E ratio of -10.67 and a beta of 2.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 1.63. Big 5 Sporting Goods has a fifty-two week low of $3.46 and a fifty-two week high of $9.99. The firm has a 50-day simple moving average of $4.62 and a two-hundred day simple moving average of $5.76.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.02). The firm had revenue of $196.35 million for the quarter. Big 5 Sporting Goods had a negative net margin of 0.80% and a negative return on equity of 2.77%.

Big 5 Sporting Goods Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.05 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.68%. Big 5 Sporting Goods’s dividend payout ratio is presently -60.61%.

Institutional Trading of Big 5 Sporting Goods

Large investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can grew its position in Big 5 Sporting Goods by 182.8% during the first quarter. Great West Life Assurance Co. Can now owns 1,459 shares of the company’s stock valued at $26,000 after buying an additional 943 shares during the period. FMR LLC grew its position in Big 5 Sporting Goods by 1,561.0% during the first quarter. FMR LLC now owns 3,405 shares of the company’s stock valued at $26,000 after buying an additional 3,200 shares during the period. State of Wyoming bought a new stake in Big 5 Sporting Goods during the second quarter valued at approximately $34,000. Covestor Ltd bought a new stake in Big 5 Sporting Goods during the first quarter valued at approximately $65,000. Finally, Tower Research Capital LLC TRC grew its position in Big 5 Sporting Goods by 424.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,606 shares of the company’s stock valued at $39,000 after buying an additional 4,537 shares during the period. 41.98% of the stock is currently owned by institutional investors.

Big 5 Sporting Goods Company Profile

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.