Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) announced its quarterly earnings results on Tuesday. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04, MarketWatch Earnings reports. Big 5 Sporting Goods had a net margin of 7.95% and a return on equity of 33.31%. Big 5 Sporting Goods updated its Q2 guidance to $0.40-0.50 EPS.
Shares of NASDAQ:BGFV traded down $0.44 during midday trading on Friday, hitting $14.24. 7,167 shares of the company’s stock traded hands, compared to its average volume of 719,899. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.47 and a current ratio of 1.51. The company has a market cap of $318.12 million, a PE ratio of 3.67 and a beta of 2.73. The firm’s fifty day moving average price is $16.31 and its two-hundred day moving average price is $20.17. Big 5 Sporting Goods has a twelve month low of $14.01 and a twelve month high of $47.65.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 7.02%. Big 5 Sporting Goods’s payout ratio is 25.00%.
A number of hedge funds have recently modified their holdings of BGFV. UBS Group AG lifted its holdings in Big 5 Sporting Goods by 44.1% in the 3rd quarter. UBS Group AG now owns 9,655 shares of the company’s stock worth $222,000 after buying an additional 2,954 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in Big 5 Sporting Goods in the 4th quarter worth $230,000. Squarepoint Ops LLC acquired a new position in Big 5 Sporting Goods in the 4th quarter worth $662,000. Cubist Systematic Strategies LLC raised its stake in shares of Big 5 Sporting Goods by 59.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 36,003 shares of the company’s stock valued at $684,000 after purchasing an additional 13,490 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Big 5 Sporting Goods by 142.8% in the 3rd quarter. Royal Bank of Canada now owns 43,187 shares of the company’s stock valued at $995,000 after purchasing an additional 25,398 shares in the last quarter. Hedge funds and other institutional investors own 51.78% of the company’s stock.
Several equities analysts recently weighed in on BGFV shares. StockNews.com lowered shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a report on Thursday. Lake Street Capital reduced their target price on shares of Big 5 Sporting Goods from $31.00 to $28.00 in a report on Wednesday, March 2nd.
About Big 5 Sporting Goods (Get Rating)
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company's products include athletic shoes, apparel, and accessories. It 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.
- Get a free copy of the StockNews.com research report on Big 5 Sporting Goods (BGFV)
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