Big 5 Sporting Goods (BGFV) Upgraded at ValuEngine

ValuEngine upgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a strong sell rating to a sell rating in a research report report published on Tuesday, ValuEngine reports.

Several other brokerages have also recently issued reports on BGFV. TheStreet cut shares of Big 5 Sporting Goods from a c- rating to a d+ rating in a report on Monday, January 14th. Zacks Investment Research upgraded shares of Big 5 Sporting Goods from a hold rating to a buy rating and set a $4.25 price target on the stock in a report on Wednesday, January 16th.

Shares of Big 5 Sporting Goods stock opened at $2.49 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.10 and a debt-to-equity ratio of 1.46. Big 5 Sporting Goods has a 1 year low of $2.22 and a 1 year high of $9.75. The stock has a market cap of $55.14 million, a price-to-earnings ratio of -31.13 and a beta of 0.41.

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its earnings results on Tuesday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Big 5 Sporting Goods had a negative net margin of 0.06% and a positive return on equity of 0.81%. The company had revenue of $245.29 million for the quarter, compared to analysts’ expectations of $246.64 million. As a group, equities research analysts forecast that Big 5 Sporting Goods will post 0.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date of this dividend is Thursday, May 30th. Big 5 Sporting Goods’s dividend payout ratio is currently -250.00%.

Several large investors have recently added to or reduced their stakes in the company. Towle & Co. raised its position in shares of Big 5 Sporting Goods by 86.4% in the 4th quarter. Towle & Co. now owns 2,214,852 shares of the company’s stock valued at $5,736,000 after purchasing an additional 1,026,702 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Big 5 Sporting Goods in the 4th quarter valued at approximately $1,120,000. First Midwest Bank Trust Division purchased a new position in shares of Big 5 Sporting Goods in the 4th quarter valued at approximately $1,025,000. Marshall Wace LLP purchased a new position in Big 5 Sporting Goods during the 1st quarter worth approximately $1,006,000. Finally, Premier Asset Management LLC purchased a new position in Big 5 Sporting Goods during the 4th quarter worth approximately $458,000. Institutional investors and hedge funds own 54.27% of the company’s stock.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection 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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