TIAA CREF Investment Management LLC reduced its position in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,217 shares of the company’s stock after selling 3,395 shares during the period. TIAA CREF Investment Management LLC’s holdings in Big 5 Sporting Goods Corporation were worth $1,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FormulaFolio Investments LLC increased its position in shares of Big 5 Sporting Goods Corporation by 3.0% in the first quarter. FormulaFolio Investments LLC now owns 19,414 shares of the company’s stock worth $293,000 after buying an additional 574 shares during the last quarter. Comerica Bank increased its position in shares of Big 5 Sporting Goods Corporation by 4.1% in the first quarter. Comerica Bank now owns 19,692 shares of the company’s stock worth $312,000 after buying an additional 776 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Big 5 Sporting Goods Corporation by 18.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,956 shares of the company’s stock worth $242,000 after buying an additional 2,146 shares during the last quarter. State of Tennessee Treasury Department increased its position in shares of Big 5 Sporting Goods Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 16,886 shares of the company’s stock worth $255,000 after buying an additional 2,548 shares during the last quarter. Finally, Eagle Global Advisors LLC increased its position in shares of Big 5 Sporting Goods Corporation by 10.2% in the first quarter. Eagle Global Advisors LLC now owns 30,640 shares of the company’s stock worth $463,000 after buying an additional 2,840 shares during the last quarter.

Big 5 Sporting Goods Corporation (BGFV) traded down 1.10% during mid-day trading on Friday, reaching $9.00. 44,710 shares of the company’s stock traded hands. The stock’s 50 day moving average is $11.53 and its 200-day moving average is $13.92. The stock has a market capitalization of $195.71 million, a PE ratio of 8.27 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.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last announced its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $243.67 million for the quarter, compared to analysts’ expectations 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 revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.11 earnings per share. On average, equities analysts anticipate that Big 5 Sporting Goods Corporation will post $0.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.59%. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is presently 54.55%.

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

In other news, Director Van B. Honeycutt sold 12,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 14,400 shares in the company, valued at $199,152. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 15,095 shares of company stock worth $207,972. Insiders own 7.90% of the company’s stock.

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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