Big 5 Sporting Goods (NASDAQ:BGFV) Director Van B. Honeycutt acquired 31,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were acquired at an average price of $6.78 per share, for a total transaction of $210,180.00. Following the acquisition, the director now directly owns 18,600 shares in the company, valued at $126,108. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
NASDAQ:BGFV opened at $7.30 on Friday. The company has a market cap of $155.29, a price-to-earnings ratio of 12.81 and a beta of -0.61. Big 5 Sporting Goods has a twelve month low of $5.05 and a twelve month high of $17.10. The company has a current ratio of 1.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.26.
Big 5 Sporting Goods (NASDAQ:BGFV) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.10) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). The firm had revenue of $242.89 million for the quarter, compared to analyst estimates of $262.18 million. Big 5 Sporting Goods had a return on equity of 5.97% and a net margin of 0.11%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. research analysts forecast that Big 5 Sporting Goods will post 0.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.22%. The ex-dividend date of this dividend was Thursday, March 8th. Big 5 Sporting Goods’s dividend payout ratio (DPR) is 105.26%.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research note on Monday, December 18th. ValuEngine cut Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Big 5 Sporting Goods has a consensus rating of “Hold” and a consensus target price of $8.67.
Large investors have recently bought and sold shares of the business. Alliancebernstein L.P. acquired a new position in shares of Big 5 Sporting Goods during the 2nd quarter worth approximately $133,000. The Manufacturers Life Insurance Company increased its position in shares of Big 5 Sporting Goods by 3,976.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,649 shares of the company’s stock worth $134,000 after purchasing an additional 17,216 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Big 5 Sporting Goods during the 3rd quarter worth approximately $165,000. AlphaStar Capital Management LLC acquired a new position in shares of Big 5 Sporting Goods during the 4th quarter worth approximately $165,000. Finally, Investors Research Corp acquired a new position in shares of Big 5 Sporting Goods during the 4th quarter worth approximately $170,000. 92.38% of the stock is currently owned by hedge funds and other institutional investors.
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Big 5 Sporting Goods Company Profile
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection 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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