Big 5 Sporting Goods (NASDAQ:BGFV) Posts Earnings Results

Big 5 Sporting Goods (NASDAQ:BGFVGet 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%.

In related news, VP Shane O. Starr sold 7,750 shares of Big 5 Sporting Goods stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $16.53, for a total transaction of $128,107.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.90% of the company’s stock.

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.

Further Reading

Earnings History for Big 5 Sporting Goods (NASDAQ:BGFV)

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