Big 5 Sporting Goods Corp. (NASDAQ:BGFV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $17.00 price target on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 11.48% from the stock’s previous close.

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 lifted 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 research note on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $13.46.

Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) opened at 15.25 on Friday. The firm has a 50-day moving average of $13.64 and a 200-day moving average of $11.13. Big 5 Sporting Goods Corp. has a one year low of $8.15 and a one year high of $15.74. The stock has a market cap of $330.18 million, a PE ratio of 28.94 and a beta of 0.56.

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 analysts’ consensus estimates 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 business earned $241.10 million during the quarter, compared to analysts’ expectations of $238.29 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue was up .3% on a year-over-year basis. On average, equities research analysts expect that Big 5 Sporting Goods Corp. will post $0.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 3.28%. Big 5 Sporting Goods Corp.’s dividend payout ratio (DPR) is presently 94.34%.

In related news, Director Stadium Capital Management Llc sold 17,294 shares of Big 5 Sporting Goods Corp. stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $12.81, for a total transaction of $221,536.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stadium Capital Partners L. P sold 9,893 shares of Big 5 Sporting Goods Corp. stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $13.08, for a total transaction of $129,400.44. Following the sale, the director now owns 2,423,842 shares of the company’s stock, valued at approximately $31,703,853.36. The disclosure for this sale can be found here. 7.90% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in BGFV. Dimensional Fund Advisors LP raised its stake in Big 5 Sporting Goods Corp. by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,854,936 shares of the company’s stock valued at $17,195,000 after buying an additional 203,345 shares in the last quarter. BlackRock Fund Advisors raised its stake in Big 5 Sporting Goods Corp. by 2.6% in the second quarter. BlackRock Fund Advisors now owns 1,226,052 shares of the company’s stock valued at $11,366,000 after buying an additional 31,547 shares in the last quarter. LSV Asset Management raised its stake in Big 5 Sporting Goods Corp. by 9.9% in the second quarter. LSV Asset Management now owns 1,009,930 shares of the company’s stock valued at $9,362,000 after buying an additional 90,860 shares in the last quarter. Vanguard Group Inc. raised its stake in Big 5 Sporting Goods Corp. by 4.7% in the second quarter. Vanguard Group Inc. now owns 879,828 shares of the company’s stock valued at $8,156,000 after buying an additional 39,774 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Big 5 Sporting Goods Corp. by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 473,169 shares of the company’s stock valued at $4,386,000 after buying an additional 2,081 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

About Big 5 Sporting Goods Corp.

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.

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