Insider Buying: Big 5 Sporting Goods Corporation (BGFV) Director Purchases $312,180.00 in Stock

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Director Van B. Honeycutt acquired 43,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $7.26 per share, with a total value of $312,180.00. Following the transaction, the director now owns 18,600 shares in the company, valued at approximately $135,036. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Big 5 Sporting Goods Corporation (BGFV) opened at $7.12 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.07 and a quick ratio of 0.16. Big 5 Sporting Goods Corporation has a 52-week low of $6.00 and a 52-week high of $19.00. The stock has a market capitalization of $152.67, a price-to-earnings ratio of 7.27 and a beta of -0.07.

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. Big 5 Sporting Goods had a return on equity of 10.37% and a net margin of 2.11%. The firm had revenue of $270.47 million during the quarter, compared to the consensus estimate of $272.27 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. equities research analysts expect that Big 5 Sporting Goods Corporation will post 0.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.43%. Big 5 Sporting Goods’s payout ratio is currently 60.00%.

BGFV has been the subject of several research analyst reports. Forward View reiterated a “hold” rating and issued a $11.00 price objective on shares of Big 5 Sporting Goods in a research report on Tuesday, August 8th. TheStreet downgraded Big 5 Sporting Goods from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. ValuEngine downgraded Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $9.00.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in shares of Big 5 Sporting Goods by 24.1% during the third quarter. California Public Employees Retirement System now owns 112,824 shares of the company’s stock worth $863,000 after acquiring an additional 21,924 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Big 5 Sporting Goods during the third quarter worth $393,000. Allianz Asset Management GmbH raised its position in shares of Big 5 Sporting Goods by 13.5% during the third quarter. Allianz Asset Management GmbH now owns 601,150 shares of the company’s stock worth $4,599,000 after acquiring an additional 71,382 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Big 5 Sporting Goods during the third quarter worth $678,000. Finally, Private Advisor Group LLC bought a new stake in shares of Big 5 Sporting Goods during the third quarter worth $165,000.

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About Big 5 Sporting Goods

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.

Insider Buying and Selling by Quarter for Big 5 Sporting Goods (NASDAQ:BGFV)

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