Deprince Race & Zollo Inc. decreased its position in shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 408,926 shares of the company’s stock after selling 876 shares during the period. Deprince Race & Zollo Inc.’s holdings in Big 5 Sporting Goods Corp. were worth $3,791,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Midwest Bank Trust Division acquired a new position in Big 5 Sporting Goods Corp. during the second quarter valued at $132,000. Acadian Asset Management LLC acquired a new position in Big 5 Sporting Goods Corp. during the first quarter valued at $368,000. Jacobs Levy Equity Management Inc. increased its position in Big 5 Sporting Goods Corp. by 115.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 39,500 shares of the company’s stock valued at $439,000 after buying an additional 21,200 shares during the last quarter. Prudential Financial Inc. increased its position 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 valued at $491,000 after buying an additional 1,800 shares during the last quarter. Finally, Hancock Holding Co. acquired a new position in Big 5 Sporting Goods Corp. during the first quarter valued at $601,000. Institutional investors own 77.67% of the company’s stock.
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) traded up 9.95% during mid-day trading on Thursday, hitting $15.25. The stock had a trading volume of 1,495,819 shares. Big 5 Sporting Goods Corp. has a one year low of $8.15 and a one year high of $15.74. The stock has a market cap of $330.18 million, a P/E ratio of 28.94 and a beta of 0.56. The firm has a 50 day moving average of $13.57 and a 200-day moving average of $11.10.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last announced its earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. The firm earned $241.10 million during the quarter, compared to analysts’ expectations 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 prior year, the firm earned $0.15 EPS. Equities research analysts expect that Big 5 Sporting Goods Corp. will post $0.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.28%. Big 5 Sporting Goods Corp.’s dividend payout ratio (DPR) is presently 94.34%.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded 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 note on Friday, August 5th. Deutsche Bank AG upped their price objective on Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $12.86.
In related news, Director Stadium Capital Partners L. P sold 9,893 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $13.08, for a total value of $129,400.44. Following the completion of the sale, the director now directly owns 2,423,842 shares of the company’s stock, valued at approximately $31,703,853.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stadium Capital Management Llc sold 106,194 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $12.66, for a total value of $1,344,416.04. The disclosure for this sale can be found here. 7.90% of the stock is owned by corporate insiders.
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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