Big 5 Sporting Goods Corporation (NASDAQ:BGFV) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also weighed in on BGFV. Forward View set a $14.00 price target on shares of Big 5 Sporting Goods Corporation and gave the company a “hold” rating in a report on Sunday, May 28th. Zacks Investment Research lowered shares of Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. ValuEngine lowered shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Deutsche Bank AG lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $20.00 to $10.00 in a report on Wednesday, August 2nd. Finally, BidaskClub lowered shares of Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.67.

Shares of Big 5 Sporting Goods Corporation (BGFV) opened at 9.10 on Wednesday. The stock has a market capitalization of $197.89 million, a PE ratio of 8.36 and a beta of -0.09. Big 5 Sporting Goods Corporation has a 52-week low of $9.00 and a 52-week high of $20.35. The stock’s 50 day moving average is $11.53 and its 200 day moving average is $13.92.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.06. Big 5 Sporting Goods Corporation had a return on equity of 11.86% and a net margin of 2.30%. The business had revenue of $243.67 million during the quarter, compared to analyst estimates of $251.03 million. During the same period in the previous year, the company earned $0.11 EPS. Big 5 Sporting Goods Corporation’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that Big 5 Sporting Goods Corporation will post $0.93 earnings per share for the current fiscal year.

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In related news, Director Van B. Honeycutt sold 12,000 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $13.83, for a total transaction of $165,960.00. Following the completion of the sale, the director now directly owns 14,400 shares of the company’s stock, valued at approximately $199,152. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 15,095 shares of company stock valued at $207,972. Company insiders own 7.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of Big 5 Sporting Goods Corporation by 45.4% in the second quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock valued at $104,000 after buying an additional 2,482 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Big 5 Sporting Goods Corporation during the first quarter valued at $125,000. Alliancebernstein L.P. bought a new position in shares of Big 5 Sporting Goods Corporation during the second quarter valued at $133,000. Fox Run Management L.L.C. bought a new position in shares of Big 5 Sporting Goods Corporation during the second quarter valued at $147,000. Finally, Atria Investments LLC bought a new position in shares of Big 5 Sporting Goods Corporation during the second quarter valued at $164,000.

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.

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