Big 5 Sporting Goods Co. (NASDAQ:BGFV)’s share price shot up 0% during trading on Friday . The stock traded as high as $6.45 and last traded at $6.35. 1,098,700 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 1,407,135 shares. The stock had previously closed at $6.35.
Several research firms recently commented on BGFV. ValuEngine downgraded Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Big 5 Sporting Goods presently has a consensus rating of “Hold” and an average target price of $8.67.
The company has a market cap of $136.06, a PE ratio of 6.35 and a beta of -0.38. The company has a quick ratio of 0.16, a current ratio of 2.07 and a debt-to-equity ratio of 0.24.
In related news, Director Van B. Honeycutt bought 43,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of $7.26 per share, for a total transaction of $312,180.00. Following the completion of the transaction, the director now directly owns 18,600 shares in the company, valued at approximately $135,036. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 7.90% of the company’s stock.
Large investors have recently bought and sold shares of the business. Alliancebernstein L.P. purchased a new stake in shares of Big 5 Sporting Goods during the second quarter worth $133,000. The Manufacturers Life Insurance Company lifted its position in shares of Big 5 Sporting Goods by 3,976.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,649 shares of the company’s stock worth $134,000 after acquiring an additional 17,216 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Big 5 Sporting Goods during the third quarter worth $165,000. AlphaStar Capital Management LLC purchased a new stake in shares of Big 5 Sporting Goods during the fourth quarter worth $165,000. Finally, Investors Research Corp purchased a new stake in shares of Big 5 Sporting Goods during the fourth quarter worth $170,000.
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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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