Zacks Investment Management increased its stake in shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,269 shares of the company’s stock after buying an additional 1,521 shares during the quarter. Zacks Investment Management owned about 0.09% of Big 5 Sporting Goods Corporation worth $265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its stake in Big 5 Sporting Goods Corporation by 45.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock worth $104,000 after buying an additional 2,482 shares during the last quarter. Quantbot Technologies LP bought a new position in Big 5 Sporting Goods Corporation during the 1st quarter worth $125,000. Alliancebernstein L.P. bought a new position in Big 5 Sporting Goods Corporation during the 2nd quarter worth $133,000. Fox Run Management L.L.C. bought a new position in Big 5 Sporting Goods Corporation during the 2nd quarter worth $147,000. Finally, Atria Investments LLC bought a new position in Big 5 Sporting Goods Corporation during the 2nd quarter worth $164,000.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) opened at 7.95 on Friday. Big 5 Sporting Goods Corporation has a 1-year low of $7.10 and a 1-year high of $20.35. The company has a market cap of $172.88 million, a PE ratio of 7.31 and a beta of -0.11. The stock has a 50 day moving average price of $7.69 and a 200 day moving average price of $11.92.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $243.67 million for the quarter, compared to analyst estimates of $251.03 million. During the same period in the prior year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts forecast that Big 5 Sporting Goods Corporation will post $0.96 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.60 dividend on an annualized basis and a yield of 7.55%. Big 5 Sporting Goods Corporation’s dividend payout ratio is 54.55%.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Management Buys 1,521 Shares of Big 5 Sporting Goods Corporation (BGFV)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/zacks-investment-management-buys-1521-shares-of-big-5-sporting-goods-corporation-bgfv/1612321.html.

A number of brokerages recently commented on BGFV. Zacks Investment Research upgraded Big 5 Sporting Goods Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded Big 5 Sporting Goods Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. TheStreet downgraded Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Forward View restated a “hold” rating and set a $11.00 price objective on shares of Big 5 Sporting Goods Corporation in a research note on Tuesday, August 8th. Finally, Deutsche Bank AG downgraded Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $20.00 to $10.00 in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Big 5 Sporting Goods Corporation has a consensus rating of “Hold” and a consensus price target of $9.00.

In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt purchased 48,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $7.71 per share, with a total value of $370,080.00. Following the acquisition, the director now directly owns 18,600 shares of the company’s stock, valued at approximately $143,406. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company 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.

Institutional Ownership by Quarter for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

Receive News & Ratings for Big 5 Sporting Goods Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big 5 Sporting Goods Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.