Big 5 Sporting Goods Corp. (NASDAQ:BGFV)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $14.62 and last traded at $14.51, with a volume of 84,891 shares trading hands. The stock had previously closed at $14.41.
Several equities analysts recently weighed in on the company. Deutsche Bank AG raised their price objective on Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research raised Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $12.86.
The firm has a 50-day moving average of $13.25 and a 200-day moving average of $10.93. The company has a market capitalization of $313.72 million, a P/E ratio of 27.50 and a beta of 0.77.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.08. The business earned $241.10 million during the quarter, compared to the consensus estimate of $238.29 million. Big 5 Sporting Goods Corp. had a return on equity of 6.50% and a net margin of 1.12%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. On average, analysts forecast that Big 5 Sporting Goods Corp. will post $0.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 3.45%. Big 5 Sporting Goods Corp.’s dividend payout ratio is presently 94.34%.
In other news, Director Stadium Capital Management Llc sold 88,712 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $12.91, for a total transaction of $1,145,271.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stadium Capital Partners L. P sold 9,893 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $13.08, for a total value of $129,400.44. Following the transaction, the director now owns 2,423,842 shares of the company’s stock, valued at $31,703,853.36. The disclosure for this sale can be found here. Insiders own 7.90% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of Big 5 Sporting Goods Corp. during the first quarter valued at about $368,000. Prudential Financial Inc. increased its stake in Big 5 Sporting Goods Corp. by 4.2% in the first quarter. Prudential Financial Inc. now owns 44,169 shares of the company’s stock worth $491,000 after buying an additional 1,800 shares during the period. Algert Global LLC increased its stake in Big 5 Sporting Goods Corp. by 84.2% in the first quarter. Algert Global LLC now owns 68,552 shares of the company’s stock worth $762,000 after buying an additional 31,342 shares during the period. BlackRock Group LTD increased its stake in Big 5 Sporting Goods Corp. by 16.4% in the first quarter. BlackRock Group LTD now owns 15,400 shares of the company’s stock worth $171,000 after buying an additional 2,166 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Big 5 Sporting Goods Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 471,088 shares of the company’s stock worth $5,234,000 after buying an additional 1,317 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.
Big 5 Sporting Goods Corp. Company Profile
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format that averages approximately 11,000 square feet. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports.
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