Big 5 Sporting Goods Corporation (BGFV) Issues Q4 Earnings Guidance
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.16-0.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.31.
A number of brokerages recently commented on BGFV. Zacks Investment Research downgraded Big 5 Sporting Goods Corporation from a hold rating to a strong sell rating in a research report on Friday, August 4th. Deutsche Bank AG downgraded Big 5 Sporting Goods Corporation from a buy rating to a hold rating and reduced their price objective for the stock from $20.00 to $10.00 in a research report on Wednesday, August 2nd. BidaskClub downgraded Big 5 Sporting Goods Corporation from a sell rating to a strong sell rating in a research report on Saturday, July 8th. Forward View reiterated a hold rating and set a $11.00 price objective on shares of Big 5 Sporting Goods Corporation in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded Big 5 Sporting Goods Corporation from a hold rating to a buy rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and an average price target of $9.00.
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Big 5 Sporting Goods Corporation had a return on equity of 10.34% and a net margin of 2.11%. The company had revenue of $270.47 million for the quarter, compared to analyst estimates of $272.27 million. During the same quarter in the prior year, the company posted $0.38 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date is Thursday, November 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio is presently 60.00%.
In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt purchased 48,000 shares of Big 5 Sporting Goods Corporation stock in a transaction on Friday, August 18th. The shares were bought at an average price of $7.71 per share, with a total value of $370,080.00. Following the purchase, the director now directly owns 18,600 shares in the company, valued at approximately $143,406. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 7.90% of the company’s stock.
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About Big 5 Sporting Goods Corporation
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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