Big 5 Sporting Goods Corporation (NASDAQ:BGFV) dropped 5.7% on Friday . The company traded as low as $6.95 and last traded at $7.12. Approximately 1,069,997 shares changed hands during trading, an increase of 35% from the average daily volume of 794,164 shares. The stock had previously closed at $7.55.

BGFV has been the subject of a number of recent analyst reports. Zacks Investment Research raised Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Forward View reaffirmed a “hold” rating and set a $11.00 price target on shares of Big 5 Sporting Goods in a report on Tuesday, August 8th. ValuEngine raised Big 5 Sporting Goods from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Finally, TheStreet cut Big 5 Sporting Goods from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.00.

The company has a market cap of $152.67, a P/E ratio of 7.27 and a beta of -0.08. The company has a current ratio of 2.07, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its earnings results on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. The company had revenue of $270.47 million during the quarter, compared to analysts’ expectations of $272.27 million. Big 5 Sporting Goods had a return on equity of 10.37% and a net margin of 2.11%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. analysts predict that Big 5 Sporting Goods Corporation will post 0.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.15 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.60 annualized dividend and a dividend yield of 8.42%. Big 5 Sporting Goods’s dividend payout ratio (DPR) is currently 60.00%.

In other news, Director Van B. Honeycutt bought 43,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was bought at an average cost of $7.26 per share, with a total value of $312,180.00. Following the purchase, the director now owns 18,600 shares of the company’s stock, valued at $135,036. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 7.90% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its stake in shares of Big 5 Sporting Goods by 24.1% in the 3rd quarter. California Public Employees Retirement System now owns 112,824 shares of the company’s stock valued at $863,000 after buying an additional 21,924 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Big 5 Sporting Goods in the 3rd quarter worth $393,000. Allianz Asset Management GmbH boosted its position in shares of Big 5 Sporting Goods by 13.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 601,150 shares of the company’s stock worth $4,599,000 after purchasing an additional 71,382 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Big 5 Sporting Goods in the 3rd quarter worth $678,000. Finally, Private Advisor Group LLC bought a new position in shares of Big 5 Sporting Goods in the 3rd quarter worth $165,000.

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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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