BlackRock Inc. lowered its position in shares of Big 5 Sporting Goods (NASDAQ:BGFV) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,274,007 shares of the company’s stock after selling 586,849 shares during the quarter. BlackRock Inc. owned approximately 0.15% of Big 5 Sporting Goods worth $24,882,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in BGFV. Icon Advisers Inc. Co. acquired a new stake in shares of Big 5 Sporting Goods during the 4th quarter worth about $2,244,000. Adams Asset Advisors LLC acquired a new stake in Big 5 Sporting Goods in the 4th quarter valued at about $1,261,000. Bank of New York Mellon Corp increased its position in Big 5 Sporting Goods by 42.8% in the 4th quarter. Bank of New York Mellon Corp now owns 528,953 shares of the company’s stock valued at $4,020,000 after acquiring an additional 158,613 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Big 5 Sporting Goods by 65.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 226,614 shares of the company’s stock valued at $1,723,000 after acquiring an additional 89,340 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Big 5 Sporting Goods in the 3rd quarter valued at about $678,000. Institutional investors and hedge funds own 92.39% of the company’s stock.
BGFV has been the subject of several research reports. Zacks Investment Research upgraded shares of Big 5 Sporting Goods from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Wednesday, January 3rd. ValuEngine cut shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.67.
BGFV opened at $7.80 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $168.05, a price-to-earnings ratio of 13.68 and a beta of -0.61. Big 5 Sporting Goods has a 1-year low of $5.05 and a 1-year high of $17.10.
Big 5 Sporting Goods (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.10) earnings per share for the quarter, meeting the 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 net margin of 0.11% and a return on equity of 5.97%. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. equities research analysts forecast that Big 5 Sporting Goods will post 0.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.69%. The ex-dividend date was Thursday, March 8th. Big 5 Sporting Goods’s payout ratio is presently 105.26%.
In related news, Director Van B. Honeycutt acquired 32,000 shares of the stock in a transaction on Friday, March 9th. The stock was purchased at an average price of $6.18 per share, for a total transaction of $197,760.00. Following the transaction, the director now owns 18,600 shares of the company’s stock, valued at approximately $114,948. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Van B. Honeycutt bought 5,000 shares of Big 5 Sporting Goods stock in a transaction dated Wednesday, March 7th. The stock was acquired at an average cost of $6.49 per share, for a total transaction of $32,450.00. Following the purchase, the director now directly owns 18,600 shares in the company, valued at approximately $120,714. The disclosure for this purchase can be found here. Insiders acquired a total of 79,000 shares of company stock valued at $506,390 in the last 90 days. Corporate insiders own 7.90% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Big 5 Sporting Goods (BGFV) Position Lessened by BlackRock Inc.” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/15/big-5-sporting-goods-bgfv-position-lessened-by-blackrock-inc.html.
About Big 5 Sporting Goods
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.
Want to see what other hedge funds are holding BGFV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Big 5 Sporting Goods (NASDAQ:BGFV).
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.