Big 5 Sporting Goods Co. (BGFV) to Issue Quarterly Dividend of $0.25 on June 15th

Big 5 Sporting Goods Co. (NASDAQ:BGFV – Get Rating) announced a quarterly dividend on Tuesday, May 3rd, Zacks reports. Stockholders of record on Wednesday, June 1st will be given a dividend of 0.25 per share on Wednesday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 7.49%. The ex-dividend date is Tuesday, May 31st.

Big 5 Sporting Goods has raised its dividend by an average of 78.2% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Big 5 Sporting Goods has a payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings.

NASDAQ BGFV opened at $13.35 on Friday. Big 5 Sporting Goods has a 1 year low of $11.16 and a 1 year high of $47.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 0.36. The company has a fifty day moving average price of $15.22 and a 200-day moving average price of $18.42. The firm has a market cap of $298.11 million, a price-to-earnings ratio of 3.34 and a beta of 2.73.

Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $0.41 earnings per share (EPS) for the quarter. Big 5 Sporting Goods had a return on equity of 33.35% and a net margin of 7.95%. The firm had revenue of $241.98 million for the quarter.

A number of research analysts have weighed in on the company. Lake Street Capital reduced their price target on Big 5 Sporting Goods from $31.00 to $28.00 in a research note on Wednesday, March 2nd. StockNews.com lowered Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th.

In related news, VP Shane O. Starr sold 7,750 shares of the stock in a transaction on 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 the SEC website. Also, VP Shane O. Starr sold 3,135 shares of the stock in a transaction on Friday, May 13th. The stock was sold at an average price of $13.72, for a total value of $43,012.20. Following the completion of the transaction, the vice president now directly owns 14,950 shares in the company, valued at $205,114. The disclosure for this sale can be found here. Corporate insiders own 7.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Big 5 Sporting Goods by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,102,764 shares of the company’s stock worth $18,913,000 after buying an additional 21,192 shares during the period. State Street Corp increased its holdings in Big 5 Sporting Goods by 6.2% in the 1st quarter. State Street Corp now owns 733,624 shares of the company’s stock valued at $12,582,000 after purchasing an additional 42,894 shares in the last quarter. Morgan Stanley increased its holdings in Big 5 Sporting Goods by 113.3% in the 2nd quarter. Morgan Stanley now owns 508,541 shares of the company’s stock valued at $13,060,000 after purchasing an additional 270,178 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Big 5 Sporting Goods by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 448,228 shares of the company’s stock valued at $7,687,000 after purchasing an additional 17,744 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Big 5 Sporting Goods by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 414,416 shares of the company’s stock valued at $7,878,000 after purchasing an additional 23,246 shares in the last quarter. 51.78% of the stock is currently owned by institutional investors and hedge funds.

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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