Big 5 Sporting Goods Corp. Expected to Earn FY2016 Earnings of $0.81 Per Share (BGFV)
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) – Equities research analysts at Forward View raised their FY2016 EPS estimates for shares of Big 5 Sporting Goods Corp. in a note issued to investors on Monday. Forward View analyst N. Yates now forecasts that the brokerage will post earnings of $0.81 per share for the year, up from their previous estimate of $0.57. Forward View currently has a “Buy” rating on the stock. Forward View also issued estimates for Big 5 Sporting Goods Corp.’s Q4 2016 earnings at $0.31 EPS, Q3 2017 earnings at $0.45 EPS, Q4 2017 earnings at $0.32 EPS and FY2017 earnings at $0.94 EPS.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.08. The business earned $279 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS.
Other equities analysts have also recently issued research reports about the stock. Deutsche Bank AG upped their target price on shares of Big 5 Sporting Goods Corp. from $16.50 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Zacks Investment Research upgraded shares of Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Friday, October 7th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Big 5 Sporting Goods Corp. currently has an average rating of “Buy” and a consensus price target of $15.83.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) opened at 19.00 on Wednesday. Big 5 Sporting Goods Corp. has a 52-week low of $8.15 and a 52-week high of $19.15. The company’s 50-day moving average is $15.92 and its 200-day moving average is $12.10. The firm has a market capitalization of $409.13 million, a PE ratio of 30.65 and a beta of 0.13.
The firm also recently declared 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 annualized dividend and a dividend yield of 3.16%. 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 presently 79.37%.
In related news, Director Stadium Capital Management Llc sold 38,716 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $13.01, for a total value of $503,695.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Van B. Honeycutt sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $17.56, for a total transaction of $87,800.00. Following the completion of the sale, the director now directly owns 14,400 shares of the company’s stock, valued at $252,864. The disclosure for this sale can be found here. Insiders own 7.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC raised its stake in 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 valued at $121,000 after buying an additional 853 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in Big 5 Sporting Goods Corp. during the third quarter valued at about $121,000. KCG Holdings Inc. purchased a new stake in Big 5 Sporting Goods Corp. during the third quarter valued at about $148,000. FormulaFolio Investments LLC purchased a new stake in Big 5 Sporting Goods Corp. during the second quarter valued at about $102,000. Finally, First Midwest Bank Trust Division purchased a new stake in Big 5 Sporting Goods Corp. during the second quarter valued at about $132,000. 78.23% of the stock is owned by institutional investors.
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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