Big 5 Sporting Goods Corp. (NASDAQ:BGFV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Big 5’s unique strategy of offering branded merchandise sourced from leading manufacturers provides it with a competitive edge. The company’s merchandising plans, eCommerce growth and solid store network help it capture market share and fuel growth. Also, its strong financials provide it with the flexibility to boost shareholder value. Further, Big 5’s second-quarter 2016 earnings and a strong start to the third quarter encouraged management to provide an optimistic third quarter outlook. However, promotional challenges related to the industry consolidation are expected to linger in future. Also, the company remains susceptible to stiff competition from other players. Nonetheless, estimates have been stable ahead of the third quarter earnings release.”

Separately, Deutsche Bank AG upped their price objective on shares of Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $12.86.

Big 5 Sporting Goods Corp. (NASDAQ:BGFV) traded down 0.43% during trading on Tuesday, reaching $13.79. 44,748 shares of the company’s stock traded hands. The company has a market cap of $298.57 million, a PE ratio of 26.17 and a beta of 0.56. The company has a 50 day moving average price of $13.53 and a 200-day moving average price of $11.06. Big 5 Sporting Goods Corp. has a 12-month low of $8.15 and a 12-month high of $14.64.

Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.03 by $0.08. Big 5 Sporting Goods Corp. had a net margin of 1.12% and a return on equity of 6.50%. The firm had revenue of $241.10 million for the quarter, compared to analyst estimates of $238.29 million. During the same period in the prior year, the business posted $0.15 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts forecast that Big 5 Sporting Goods Corp. will post $0.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.50 dividend on an annualized basis and a yield of 3.61%. Big 5 Sporting Goods Corp.’s dividend payout ratio (DPR) is presently 94.34%.

In other Big 5 Sporting Goods Corp. news, Director Stadium Capital Partners L. P sold 9,893 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $13.08, for a total value of $129,400.44. Following the sale, the director now directly owns 2,423,842 shares of the company’s stock, valued at approximately $31,703,853.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stadium Capital Management Llc sold 17,294 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $12.81, for a total transaction of $221,536.14. The disclosure for this sale can be found here. Company insiders own 7.90% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC increased its stake in shares of Big 5 Sporting Goods Corp. by 129.6% in the second quarter. Wedge Capital Management L L P NC now owns 93,200 shares of the company’s stock worth $864,000 after buying an additional 52,600 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Big 5 Sporting Goods Corp. by 86.1% in the second quarter. AQR Capital Management LLC now owns 226,071 shares of the company’s stock worth $2,096,000 after buying an additional 104,577 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Big 5 Sporting Goods Corp. by 10.4% in the second quarter. Guggenheim Capital LLC now owns 275,341 shares of the company’s stock worth $2,552,000 after buying an additional 25,967 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Big 5 Sporting Goods Corp. by 5.8% in the second quarter. Parametric Portfolio Associates LLC now owns 194,427 shares of the company’s stock worth $1,802,000 after buying an additional 10,715 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Big 5 Sporting Goods Corp. by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 63,920 shares of the company’s stock worth $592,000 after buying an additional 380 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Big 5 Sporting Goods Corp. 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 that averages approximately 11,000 square feet. 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.

5 Day Chart for NASDAQ:BGFV

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