Big 5 Sporting Goods Corp. (BGFV) Director Sells $87,800.00 in Stock
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) Director Van B. Honeycutt sold 5,000 shares of Big 5 Sporting Goods Corp. stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $17.56, for a total value of $87,800.00. Following the completion of the transaction, the director now owns 14,400 shares of the company’s stock, valued at $252,864. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) opened at 18.30 on Thursday. The company has a market cap of $394.05 million, a PE ratio of 29.52 and a beta of 0.13. The stock’s 50 day moving average price is $15.79 and its 200-day moving average price is $12.05. Big 5 Sporting Goods Corp. has a 12-month low of $8.15 and a 12-month high of $18.70.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.08. The business earned $279 million during the quarter, compared to analyst estimates of $274.64 million. Big 5 Sporting Goods Corp. had a net margin of 1.31% and a return on equity of 7.88%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. On average, equities research analysts forecast that Big 5 Sporting Goods Corp. will post $0.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.28%. This is a positive change from Big 5 Sporting Goods Corp.’s previous quarterly dividend of $0.13. Big 5 Sporting Goods Corp.’s dividend payout ratio is currently 79.37%.
A number of equities analysts have commented on BGFV shares. Deutsche Bank AG lifted their target price on Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, August 5th. Finally, Forward View downgraded Big 5 Sporting Goods Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, October 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $15.83.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Advisors LLC raised its position in shares of Big 5 Sporting Goods Corp. by 10.6% in the third quarter. BlackRock Advisors LLC now owns 8,888 shares of the company’s stock worth $121,000 after buying an additional 853 shares in the last quarter. FormulaFolio Investments LLC bought a new position in shares of Big 5 Sporting Goods Corp. during the second quarter worth approximately $102,000. First Midwest Bank Trust Division bought a new position in shares of Big 5 Sporting Goods Corp. during the second quarter worth approximately $132,000. Princeton Alpha Management LP bought a new position in shares of Big 5 Sporting Goods Corp. during the second quarter worth approximately $149,000. Finally, BlackRock Group LTD raised its position in shares of Big 5 Sporting Goods Corp. by 8.7% in the second quarter. BlackRock Group LTD now owns 16,739 shares of the company’s stock worth $155,000 after buying an additional 1,339 shares in the last quarter. 78.23% of the stock is owned by institutional investors and hedge funds.
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.
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