Analysts Set Big 5 Sporting Goods Corporation (BGFV) Price Target at $9.00

Shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) have been given an average recommendation of “Hold” by the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.00.

Several brokerages have recently commented on BGFV. Zacks Investment Research downgraded shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “sell” rating in a report on Tuesday, July 4th. Deutsche Bank AG downgraded shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $10.00 in a report on Wednesday, August 2nd. TheStreet downgraded shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Forward View reiterated a “hold” rating and issued a $8.00 target price on shares of Big 5 Sporting Goods Corporation in a report on Sunday, September 3rd. Finally, ValuEngine downgraded shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

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In other news, Director Van B. Honeycutt bought 48,000 shares of the stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $7.71 per share, for a total transaction of $370,080.00. Following the completion of the acquisition, the director now directly owns 18,600 shares in the company, valued at approximately $143,406. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in shares of Big 5 Sporting Goods Corporation by 45.4% in the second quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock valued at $104,000 after purchasing an additional 2,482 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Big 5 Sporting Goods Corporation in the second quarter valued at about $133,000. Fox Run Management L.L.C. purchased a new stake in shares of Big 5 Sporting Goods Corporation in the second quarter valued at about $147,000. Atria Investments LLC purchased a new stake in shares of Big 5 Sporting Goods Corporation in the second quarter valued at about $164,000. Finally, Texas Permanent School Fund raised its holdings in shares of Big 5 Sporting Goods Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock valued at $171,000 after purchasing an additional 185 shares during the last quarter.

Shares of Big 5 Sporting Goods Corporation (NASDAQ BGFV) traded up 5.396% on Friday, hitting $7.325. 499,920 shares of the stock were exchanged. The stock has a market cap of $159.29 million, a price-to-earnings ratio of 6.733 and a beta of -0.11. The stock’s 50-day moving average is $7.65 and its 200-day moving average is $11.55. Big 5 Sporting Goods Corporation has a 1-year low of $6.90 and a 1-year high of $20.35.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). Big 5 Sporting Goods Corporation had a return on equity of 11.86% and a net margin of 2.30%. The business had revenue of $243.67 million for the quarter, compared to analyst estimates of $251.03 million. During the same quarter in the previous year, the company posted $0.11 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. Analysts forecast that Big 5 Sporting Goods Corporation will post $0.96 earnings per share for the current year.

Big 5 Sporting Goods Corporation 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. 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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