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

StockNews.com downgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, TheStreet cut 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 Price Performance

Shares of BGFV opened at $3.30 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.17 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $3.60 and its two-hundred day moving average is $5.00. The firm has a market capitalization of $74.66 million, a PE ratio of -4.58 and a beta of 2.37. Big 5 Sporting Goods has a twelve month low of $3.00 and a twelve month high of $9.99.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced 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). Big 5 Sporting Goods had a negative return on equity of 6.26% and a negative net margin of 1.82%. The business had revenue of $196.35 million for the quarter.

Big 5 Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend is Friday, May 31st. Big 5 Sporting Goods’s payout ratio is currently -27.78%.

Institutional Trading of Big 5 Sporting Goods

A number of institutional investors have recently bought and sold shares of the company. Stratos Wealth Partners LTD. acquired a new position in shares of Big 5 Sporting Goods during the 4th quarter worth $68,000. SG Americas Securities LLC purchased a new position in Big 5 Sporting Goods during the 4th quarter valued at about $74,000. Stratos Wealth Advisors LLC purchased a new stake in shares of Big 5 Sporting Goods in the third quarter valued at about $79,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Big 5 Sporting Goods during the 1st quarter worth approximately $95,000. Finally, Gabelli Funds LLC lifted its stake in Big 5 Sporting Goods by 135.3% in the 3rd quarter. Gabelli Funds LLC now owns 40,000 shares of the company’s stock valued at $280,000 after buying an additional 23,000 shares in the last quarter. 41.98% of the stock is currently owned by hedge funds and other 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.