Big 5 Sporting Goods (BGFV) Position Lessened by BlackRock Inc.

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.

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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.

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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.

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Institutional Ownership by Quarter for Big 5 Sporting Goods (NASDAQ:BGFV)

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