Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Director Van B. Honeycutt bought 43,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was bought at an average price of $7.26 per share, with a total value of $312,180.00. Following the acquisition, the director now owns 18,600 shares in the company, valued at approximately $135,036. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Big 5 Sporting Goods Corporation (BGFV) opened at $7.40 on Wednesday. Big 5 Sporting Goods Corporation has a fifty-two week low of $6.00 and a fifty-two week high of $18.80. The firm has a market capitalization of $157.49, a PE ratio of 7.50 and a beta of -0.07. The company has a quick ratio of 0.16, a current ratio of 2.07 and a debt-to-equity ratio of 0.24.
Big 5 Sporting Goods (NASDAQ:BGFV) last announced its earnings results on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Big 5 Sporting Goods had a return on equity of 10.37% and a net margin of 2.11%. The business had revenue of $270.47 million during the quarter, compared to analysts’ expectations of $272.27 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. analysts forecast that Big 5 Sporting Goods Corporation will post 0.88 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.60 annualized dividend and a dividend yield of 8.11%. Big 5 Sporting Goods’s dividend payout ratio is presently 60.00%.
Several research analysts have recently commented on BGFV shares. ValuEngine lowered Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Forward View reaffirmed a “hold” rating and set a $8.00 target price on shares of Big 5 Sporting Goods in a research report on Sunday, September 3rd. Finally, Zacks Investment Research upgraded Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $9.00.
Several large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in Big 5 Sporting Goods by 45.4% in the second quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock worth $104,000 after acquiring an additional 2,482 shares during the period. Alliancebernstein L.P. purchased a new position in Big 5 Sporting Goods in the second quarter worth approximately $133,000. Private Advisor Group LLC purchased a new position in Big 5 Sporting Goods in the third quarter worth approximately $165,000. Texas Permanent School Fund grew its position in Big 5 Sporting Goods by 1.4% in the second quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock worth $171,000 after acquiring an additional 185 shares during the period. Finally, Symons Capital Management Inc. purchased a new position in Big 5 Sporting Goods in the second quarter worth approximately $181,000.
Big 5 Sporting Goods 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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