State Board of Administration of Florida Retirement System maintained its stake in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,499 shares of the company’s stock at the close of the second quarter. State Board of Administration of Florida Retirement System owned approximately 0.44% of Big 5 Sporting Goods Corporation worth $1,259,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in 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 Big 5 Sporting Goods Corporation in the first quarter valued at approximately $125,000. Fox Run Management L.L.C. bought a new position in Big 5 Sporting Goods Corporation in the second quarter valued at approximately $147,000. Atria Investments LLC bought a new position in Big 5 Sporting Goods Corporation in the second quarter valued at approximately $164,000. Finally, Texas Permanent School Fund lifted its stake in Big 5 Sporting Goods Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock valued at $171,000 after buying an additional 185 shares in the last quarter.

Big 5 Sporting Goods Corporation (BGFV) opened at 7.60 on Tuesday. The firm has a 50-day moving average of $8.36 and a 200-day moving average of $12.58. The company has a market cap of $165.27 million, a price-to-earnings ratio of 6.99 and a beta of -0.06. Big 5 Sporting Goods Corporation has a 52 week low of $7.15 and a 52 week high of $20.35.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.89%. The ex-dividend date of this dividend was Wednesday, August 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is 54.55%.

BGFV has been the topic of a number of research reports. 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 research note on Sunday, May 28th. Zacks Investment Research lowered shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub lowered shares of Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. ValuEngine lowered shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $10.00 in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.67.

In related news, Director Van B. Honeycutt acquired 48,000 shares of Big 5 Sporting Goods Corporation stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $7.71 per share, with a total value of $370,080.00. Following the transaction, the director now directly owns 18,600 shares in the company, valued at approximately $143,406. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company 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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Institutional Ownership by Quarter for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

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