ValuEngine upgraded shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) from a hold rating to a buy rating in a report issued on Thursday morning.

Several other brokerages have also recently commented on BGFV. Zacks Investment Research cut shares of Big 5 Sporting Goods Corporation from a strong-buy rating to a sell rating in a research report on Tuesday, July 4th. BidaskClub cut shares of Big 5 Sporting Goods Corporation from a sell rating to a strong sell rating in a research report on Saturday, July 8th. Deutsche Bank AG cut shares of Big 5 Sporting Goods Corporation from a buy rating to a hold rating and dropped their price target for the stock from $20.00 to $10.00 in a research report on Wednesday, August 2nd. Forward View reiterated a hold rating and issued a $11.00 price target on shares of Big 5 Sporting Goods Corporation in a research report on Tuesday, August 8th. Finally, TheStreet cut shares of Big 5 Sporting Goods Corporation from a b- rating to a c rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $9.00.

Shares of Big 5 Sporting Goods Corporation (NASDAQ BGFV) opened at 8.05 on Thursday. The firm has a market capitalization of $175.06 million, a PE ratio of 7.40 and a beta of -0.11. Big 5 Sporting Goods Corporation has a 52 week low of $7.10 and a 52 week high of $20.35. The company has a 50-day moving average of $7.70 and a 200-day moving average of $11.87.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The company had revenue of $243.67 million for the quarter, compared to the consensus estimate of $251.03 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Big 5 Sporting Goods Corporation’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts forecast that Big 5 Sporting Goods Corporation will post $0.96 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.45%. The ex-dividend date of this dividend was Wednesday, August 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is presently 54.55%.

In related news, Director Van B. Honeycutt acquired 48,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $7.71 per share, for a total transaction of $370,080.00. Following the acquisition, the director now owns 18,600 shares in the company, valued at $143,406. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC raised its holdings in Big 5 Sporting Goods Corporation by 22.4% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 366,635 shares of the company’s stock worth $4,785,000 after buying an additional 66,990 shares during the period. Texas Permanent School Fund raised its holdings in Big 5 Sporting Goods Corporation by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock worth $171,000 after buying an additional 185 shares during the period. Principal Financial Group Inc. raised its holdings in Big 5 Sporting Goods Corporation by 30.0% during the 1st quarter. Principal Financial Group Inc. now owns 661,535 shares of the company’s stock worth $9,989,000 after buying an additional 152,667 shares during the period. Prudential Financial Inc. raised its holdings in Big 5 Sporting Goods Corporation by 83.5% during the 1st quarter. Prudential Financial Inc. now owns 69,749 shares of the company’s stock worth $1,053,000 after buying an additional 31,735 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Big 5 Sporting Goods Corporation by 1,425.8% during the 1st quarter. JPMorgan Chase & Co. now owns 178,900 shares of the company’s stock worth $2,701,000 after buying an additional 167,175 shares during the period.

Big 5 Sporting Goods Corporation 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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