Brokerages predict that Big 5 Sporting Goods Co. (NASDAQ:BGFV) will post $262.26 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Big 5 Sporting Goods’ earnings, with the highest sales estimate coming in at $264.91 million and the lowest estimate coming in at $259.60 million. Big 5 Sporting Goods reported sales of $266.28 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The business is expected to announce its next quarterly earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Big 5 Sporting Goods will report full-year sales of $262.26 million for the current year. For the next fiscal year, analysts expect that the business will post sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Big 5 Sporting Goods.
Big 5 Sporting Goods (NASDAQ:BGFV) last issued its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Big 5 Sporting Goods had a return on equity of 10.37% and a net margin of 2.11%. The business had revenue of $270.47 million during the quarter, compared to analysts’ expectations of $272.27 million. During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year.
BGFV has been the subject of a number of analyst reports. Zacks Investment Research upgraded Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine upgraded Big 5 Sporting Goods from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. 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 company presently has a consensus rating of “Hold” and an average price target of $8.67.
Shares of Big 5 Sporting Goods (NASDAQ BGFV) opened at $7.85 on Tuesday. Big 5 Sporting Goods has a 1-year low of $6.00 and a 1-year high of $17.10. The firm has a market capitalization of $168.20, a price-to-earnings ratio of 7.85 and a beta of -0.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.07 and a quick ratio of 0.16.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date was Thursday, November 30th. Big 5 Sporting Goods’s dividend payout ratio (DPR) is currently 60.00%.
In related news, Director Van B. Honeycutt acquired 43,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of $7.26 per share, for a total transaction of $312,180.00. Following the purchase, the director now directly owns 18,600 shares of the company’s stock, valued at approximately $135,036. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.90% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Zacks Investment Management increased its position in Big 5 Sporting Goods by 8.1% during the 2nd quarter. Zacks Investment Management now owns 20,269 shares of the company’s stock valued at $265,000 after buying an additional 1,521 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Big 5 Sporting Goods by 5.5% in the second quarter. Legal & General Group Plc now owns 31,683 shares of the company’s stock valued at $414,000 after purchasing an additional 1,650 shares during the period. California State Teachers Retirement System increased its holdings in shares of Big 5 Sporting Goods by 6.6% in the second quarter. California State Teachers Retirement System now owns 37,229 shares of the company’s stock valued at $486,000 after purchasing an additional 2,300 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Big 5 Sporting Goods 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 period. Finally, Connors Investor Services Inc. increased its holdings in shares of Big 5 Sporting Goods by 18.2% in the second quarter. Connors Investor Services Inc. now owns 16,236 shares of the company’s stock valued at $212,000 after purchasing an additional 2,500 shares during the period.
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Big 5 Sporting Goods 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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