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

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) has earned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $9.00.

BGFV has been the topic of several recent analyst reports. ValuEngine cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Forward View restated a “hold” rating and set a $8.00 price objective on shares of Big 5 Sporting Goods Corporation in a research note on Sunday, September 3rd. Zacks Investment Research cut Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Deutsche Bank AG cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the company from $20.00 to $10.00 in a research note on Wednesday, August 2nd. Finally, TheStreet cut Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th.

Shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) traded up $0.05 on Thursday, hitting $6.55. The company had a trading volume of 643,100 shares, compared to its average volume of 767,894. Big 5 Sporting Goods Corporation has a 12 month low of $6.00 and a 12 month high of $20.35. The company has a current ratio of 2.07, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24. The company has a market cap of $139.27, a PE ratio of 6.63 and a beta of -0.24.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last issued its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Big 5 Sporting Goods Corporation had a return on equity of 10.37% and a net margin of 2.11%. The company had revenue of $270.47 million for the quarter, compared to analysts’ expectations of $272.27 million. During the same period last year, the business earned $0.38 EPS. Big 5 Sporting Goods Corporation’s quarterly revenue was down 3.1% compared to the same quarter last year. analysts anticipate that Big 5 Sporting Goods Corporation will post 0.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 9.16%. The ex-dividend date is Thursday, November 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is presently 60.00%.

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In related news, Director Van B. Honeycutt acquired 48,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were acquired at an average cost of $7.71 per share, for a total transaction of $370,080.00. Following the purchase, the director now owns 18,600 shares in the company, valued at $143,406. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 7.90% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of Big 5 Sporting Goods Corporation by 45.4% during the 2nd 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 during the 2nd quarter valued at $133,000. Fox Run Management L.L.C. purchased a new stake in shares of Big 5 Sporting Goods Corporation during the 2nd quarter valued at $147,000. Atria Investments LLC purchased a new stake in shares of Big 5 Sporting Goods Corporation during the 2nd quarter valued at $164,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Big 5 Sporting Goods Corporation during the 3rd quarter valued at $165,000.

About Big 5 Sporting Goods Corporation

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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