StockNews.com Initiates Coverage on Big 5 Sporting Goods (NASDAQ:BGFV)

StockNews.com initiated coverage on shares of Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) in a research report report published on Thursday. The brokerage issued a hold rating on the stock.

BGFV has been the subject of several other research reports. Lake Street Capital cut their price target on Big 5 Sporting Goods from $11.00 to $9.50 in a report on Wednesday, May 3rd. TheStreet downgraded Big 5 Sporting Goods from a b- rating to a c rating in a report on Wednesday, March 1st.

Big 5 Sporting Goods Price Performance

NASDAQ:BGFV opened at $7.66 on Thursday. Big 5 Sporting Goods has a 1-year low of $6.88 and a 1-year high of $15.60. The company has a current ratio of 1.64, a quick ratio of 0.24 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $7.71 and a 200 day simple moving average of $9.45. The stock has a market capitalization of $171.51 million, a PE ratio of 9.70 and a beta of 2.73.

Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Big 5 Sporting Goods had a net margin of 1.76% and a return on equity of 6.41%. The business had revenue of $238.31 million during the quarter.

Big 5 Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.05%. The ex-dividend date of this dividend is Wednesday, May 31st. Big 5 Sporting Goods’s dividend payout ratio is currently 126.58%.

Insider Transactions at Big 5 Sporting Goods

In other news, VP Shane O. Starr sold 3,752 shares of Big 5 Sporting Goods stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $7.17, for a total transaction of $26,901.84. Following the completion of the sale, the vice president now owns 17,250 shares of the company’s stock, valued at $123,682.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Shane O. Starr sold 5,250 shares of Big 5 Sporting Goods stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $9.00, for a total transaction of $47,250.00. Following the completion of the sale, the vice president now owns 14,950 shares of the company’s stock, valued at $134,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shane O. Starr sold 3,752 shares of Big 5 Sporting Goods stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $7.17, for a total value of $26,901.84. Following the sale, the vice president now directly owns 17,250 shares of the company’s stock, valued at approximately $123,682.50. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BGFV. Raymond James Financial Services Advisors Inc. increased its position in shares of Big 5 Sporting Goods by 160.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 36,140 shares of the company’s stock worth $620,000 after purchasing an additional 22,240 shares during the period. Bank of New York Mellon Corp increased its position in shares of Big 5 Sporting Goods by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 448,228 shares of the company’s stock worth $7,687,000 after purchasing an additional 17,744 shares during the period. American Century Companies Inc. increased its position in shares of Big 5 Sporting Goods by 27.5% in the first quarter. American Century Companies Inc. now owns 148,319 shares of the company’s stock worth $2,544,000 after purchasing an additional 32,028 shares during the period. MetLife Investment Management LLC increased its position in shares of Big 5 Sporting Goods by 58.5% in the first quarter. MetLife Investment Management LLC now owns 12,382 shares of the company’s stock worth $212,000 after purchasing an additional 4,570 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Big 5 Sporting Goods by 182.8% in the first quarter. Great West Life Assurance Co. Can now owns 1,459 shares of the company’s stock worth $26,000 after purchasing an additional 943 shares during the period. Institutional investors own 45.98% of the company’s stock.

Big 5 Sporting Goods Company Profile

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Big 5 Sporting Goods Corp. operates as a holding company. The firm engages in the retail of sporting goods. Its products include athletic shoes, apparel and accessories, as well as outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports.