Big 5 Sporting Goods Co. (NASDAQ:BGFV) Director Van B. Honeycutt acquired 31,000 shares of Big 5 Sporting Goods stock in a transaction on Thursday, March 15th. The shares were purchased at an average cost of $6.78 per share, for a total transaction of $210,180.00. Following the acquisition, the director now owns 18,600 shares in the company, valued at approximately $126,108. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Big 5 Sporting Goods Co. (NASDAQ BGFV) traded up $0.05 on Friday, hitting $6.90. 1,162,779 shares of the company were exchanged, compared to its average volume of 1,298,409. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.20 and a current ratio of 1.91. Big 5 Sporting Goods Co. has a 1-year low of $5.05 and a 1-year high of $17.10. The company has a market cap of $145.71, a PE ratio of 230.08 and a beta of -0.46.
Big 5 Sporting Goods (NASDAQ:BGFV) last released its earnings results on Tuesday, February 27th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.10). The firm had revenue of $242.89 million during the quarter, compared to analysts’ expectations of $262.18 million. Big 5 Sporting Goods had a return on equity of 5.97% and a net margin of 0.11%. The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. research analysts predict that Big 5 Sporting Goods Co. will post 0.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date is Thursday, March 8th. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently 2,000.67%.
A number of research firms have recently weighed in on BGFV. Zacks Investment Research downgraded Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine downgraded Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $8.67.
Hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. bought a new position in Big 5 Sporting Goods during the 2nd quarter worth about $133,000. The Manufacturers Life Insurance Company increased its holdings in Big 5 Sporting Goods by 27.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,874 shares of the company’s stock worth $219,000 after purchasing an additional 3,625 shares in the last quarter. AlphaStar Capital Management LLC bought a new position in Big 5 Sporting Goods during the 4th quarter worth about $165,000. Private Advisor Group LLC bought a new position in Big 5 Sporting Goods during the 3rd quarter worth about $165,000. Finally, Investors Research Corp bought a new position in Big 5 Sporting Goods during the 4th quarter worth about $170,000. Hedge funds and other institutional investors own 92.38% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/03/16/insider-buying-big-5-sporting-goods-co-bgfv-director-purchases-31000-shares-of-stock.html.
About Big 5 Sporting Goods
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.
Receive News & Ratings for Big 5 Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big 5 Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.