StockNews.com Downgrades Big 5 Sporting Goods (NASDAQ:BGFV) to Hold

StockNews.com lowered shares of Big 5 Sporting Goods (NASDAQ:BGFVGet Rating) from a buy rating to a hold rating in a research note published on Thursday.

Separately, Lake Street Capital decreased their price objective on Big 5 Sporting Goods from $31.00 to $28.00 in a research note on Wednesday, March 2nd.

NASDAQ:BGFV opened at $14.68 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.47 and a current ratio of 1.51. Big 5 Sporting Goods has a 52-week low of $14.01 and a 52-week high of $47.65. The firm has a market cap of $327.95 million, a price-to-earnings ratio of 3.67 and a beta of 2.73. The business’s fifty day moving average is $16.31 and its 200 day moving average is $20.17.

Big 5 Sporting Goods (NASDAQ:BGFVGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Big 5 Sporting Goods had a return on equity of 33.31% and a net margin of 7.95%.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 6.81%. Big 5 Sporting Goods’s dividend payout ratio is currently 25.00%.

In other Big 5 Sporting Goods news, VP Shane O. Starr sold 7,750 shares of the company’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $16.53, for a total value of $128,107.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 7.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV increased its stake in Big 5 Sporting Goods by 156.8% in the 1st quarter. KBC Group NV now owns 6,449 shares of the company’s stock worth $111,000 after acquiring an additional 3,938 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Big 5 Sporting Goods by 7.7% during the 1st quarter. SummerHaven Investment Management LLC now owns 40,536 shares of the company’s stock valued at $695,000 after purchasing an additional 2,889 shares during the last quarter. Hussman Strategic Advisors Inc. increased its position in shares of Big 5 Sporting Goods by 300.0% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 104,000 shares of the company’s stock valued at $1,784,000 after purchasing an additional 78,000 shares during the last quarter. Versor Investments LP bought a new position in shares of Big 5 Sporting Goods during the 1st quarter valued at about $298,000. Finally, Asset Management Corp IL ADV increased its position in shares of Big 5 Sporting Goods by 58.8% during the 1st quarter. Asset Management Corp IL ADV now owns 66,473 shares of the company’s stock valued at $1,140,000 after purchasing an additional 24,610 shares during the last quarter. Institutional investors and hedge funds own 51.78% of the company’s stock.

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.

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