Big 5 Sporting Goods Corporation (BGFV) Upgraded to “Buy” by ValuEngine

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

Several other brokerages also recently weighed in on BGFV. Zacks Investment Research raised shares of Big 5 Sporting Goods Corporation from a strong sell rating to a hold rating in a research note on Tuesday, October 3rd. Forward View reissued a hold rating and issued a $11.00 price objective on shares of Big 5 Sporting Goods Corporation in a research report on Tuesday, August 8th. 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. TheStreet downgraded shares of Big 5 Sporting Goods Corporation from a b- rating to a c rating in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG downgraded shares of Big 5 Sporting Goods Corporation from a buy rating to a hold rating and dropped their price objective for the company from $20.00 to $10.00 in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Big 5 Sporting Goods Corporation currently has an average rating of Hold and a consensus target price 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 P/E 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 firm 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 announced its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share 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 for the quarter, compared to analysts’ expectations of $251.03 million. During the same period in the previous year, the company earned $0.11 earnings per share. Big 5 Sporting Goods Corporation’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts expect that Big 5 Sporting Goods Corporation will post $0.96 EPS for the current fiscal year.

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The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date was Wednesday, August 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio is presently 54.55%.

In other news, Director Van B. Honeycutt acquired 48,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $7.71 per share, with a total value of $370,080.00. Following the transaction, the director now owns 18,600 shares in the company, valued at approximately $143,406. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in shares of Big 5 Sporting Goods Corporation by 45.4% in the 2nd 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 during the last quarter. Quantbot Technologies LP purchased a new position in shares of Big 5 Sporting Goods Corporation in the 1st quarter valued at $125,000. Alliancebernstein L.P. purchased a new position in shares of Big 5 Sporting Goods Corporation i

Several other brokerages also recently weighed in on BGFV. Zacks Investment Research raised shares of Big 5 Sporting Goods Corporation from a strong sell rating to a hold rating in a research note on Tuesday, October 3rd. Forward View reissued a hold rating and issued a $11.00 price objective on shares of Big 5 Sporting Goods Corporation in a research report on Tuesday, August 8th. 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. TheStreet downgraded shares of Big 5 Sporting Goods Corporation from a b- rating to a c rating in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG downgraded shares of Big 5 Sporting Goods Corporation from a buy rating to a hold rating and dropped their price objective for the company from $20.00 to $10.00 in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Big 5 Sporting Goods Corporation currently has an average rating of Hold and a consensus target price 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 P/E 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 firm 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 announced its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share 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 for the quarter, compared to analysts’ expectations of $251.03 million. During the same period in the previous year, the company earned $0.11 earnings per share. Big 5 Sporting Goods Corporation’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts expect that Big 5 Sporting Goods Corporation will post $0.96 EPS for the current fiscal year.

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The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date was Wednesday, August 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio is presently 54.55%.

In other news, Director Van B. Honeycutt acquired 48,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $7.71 per share, with a total value of $370,080.00. Following the transaction, the director now owns 18,600 shares in the company, valued at approximately $143,406. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in shares of Big 5 Sporting Goods Corporation by 45.4% in the 2nd 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 during the last quarter. Quantbot Technologies LP purchased a new position in shares of Big 5 Sporting Goods Corporation in the 1st quarter valued at $125,000. Alliancebernstein L.P. purchased a new position in shares of Big 5 Sporting Goods Corporation in the 2nd quarter valued at $133,000. Fox Run Management L.L.C. purchased a new position in shares of Big 5 Sporting Goods Corporation in the 2nd quarter valued at $147,000. Finally, Atria Investments LLC purchased a new position in shares of Big 5 Sporting Goods Corporation in the 2nd quarter valued at $164,000.

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.

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

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