Big 5 Sporting Goods Corporation (BGFV) Receives Average Rating of “Hold” from Brokerages

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) has received an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.00.

Several equities analysts recently commented on the company. Zacks Investment Research lowered Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub downgraded Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Deutsche Bank AG downgraded 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. ValuEngine downgraded Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Forward View reiterated a “hold” rating and issued a $11.00 price target on shares of Big 5 Sporting Goods Corporation in a report on Tuesday, August 8th.

COPYRIGHT VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/20/big-5-sporting-goods-corporation-bgfv-receives-average-rating-of-hold-from-brokerages.html.

Big 5 Sporting Goods Corporation (BGFV) traded up 1.03% on Friday, reaching $7.35. 762,326 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $7.59 and a 200-day moving average price of $11.37. The company has a market capitalization of $159.83 million, a PE ratio of 6.76 and a beta of -0.11. Big 5 Sporting Goods Corporation has a 1-year low of $7.10 and a 1-year high of $20.35.

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 for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $243.67 million during the quarter, compared to analyst estimates of $251.03 million. Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. On average, equities research analysts anticipate that Big 5 Sporting Goods Corporation will post $0.96 earnings per share for the current year.

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 shares were purchased at an average cost of $7.71 per share, with a total value of $370,080.00. Following the completion of the transaction, the director now owns 18,600 shares of the company’s stock, valued at $143,406. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.90% of the company’s stock.

Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in 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 worth $104,000 after purchasing an additional 2,482 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of Big 5 Sporting Goods Corporation during the 2nd quarter worth about $133,000. Fox Run Management L.L.C. bought a new stake in shares of Big 5 Sporting Goods Corporation during the 2nd quarter worth about $147,000. Atria Investments LLC boug

Several equities analysts recently commented on the company. Zacks Investment Research lowered Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub downgraded Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Deutsche Bank AG downgraded 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. ValuEngine downgraded Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Forward View reiterated a “hold” rating and issued a $11.00 price target on shares of Big 5 Sporting Goods Corporation in a report on Tuesday, August 8th.

COPYRIGHT VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/20/big-5-sporting-goods-corporation-bgfv-receives-average-rating-of-hold-from-brokerages.html.

Big 5 Sporting Goods Corporation (BGFV) traded up 1.03% on Friday, reaching $7.35. 762,326 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $7.59 and a 200-day moving average price of $11.37. The company has a market capitalization of $159.83 million, a PE ratio of 6.76 and a beta of -0.11. Big 5 Sporting Goods Corporation has a 1-year low of $7.10 and a 1-year high of $20.35.

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 for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $243.67 million during the quarter, compared to analyst estimates of $251.03 million. Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. On average, equities research analysts anticipate that Big 5 Sporting Goods Corporation will post $0.96 earnings per share for the current year.

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 shares were purchased at an average cost of $7.71 per share, with a total value of $370,080.00. Following the completion of the transaction, the director now owns 18,600 shares of the company’s stock, valued at $143,406. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.90% of the company’s stock.

Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in 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 worth $104,000 after purchasing an additional 2,482 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of Big 5 Sporting Goods Corporation during the 2nd quarter worth about $133,000. Fox Run Management L.L.C. bought a new stake in shares of Big 5 Sporting Goods Corporation during the 2nd quarter worth about $147,000. Atria Investments LLC bought a new stake in shares of Big 5 Sporting Goods Corporation during the 2nd quarter worth about $164,000. Finally, Texas Permanent School Fund boosted its stake in shares of Big 5 Sporting Goods Corporation by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock worth $171,000 after acquiring an additional 185 shares in the last quarter.

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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