Jeffrey L. Fraley Sells 2,878 Shares of Big 5 Sporting Goods Corp. (BGFV) Stock
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) VP Jeffrey L. Fraley sold 2,878 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $18.35, for a total transaction of $52,811.30. Following the sale, the vice president now directly owns 2,800 shares of the company’s stock, valued at approximately $51,380. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) opened at 19.35 on Monday. Big 5 Sporting Goods Corp. has a 12-month low of $8.15 and a 12-month high of $19.40. The company has a 50-day moving average of $16.05 and a 200 day moving average of $12.15. The stock has a market capitalization of $416.66 million, a price-to-earnings ratio of 31.21 and a beta of 0.13.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.08. The business earned $279 million during the quarter, compared to the consensus estimate of $274.64 million. Big 5 Sporting Goods Corp. had a return on equity of 7.88% and a net margin of 1.31%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. Analysts predict that Big 5 Sporting Goods Corp. will post $0.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.10%. The ex-dividend date is Tuesday, November 29th. This is an increase from Big 5 Sporting Goods Corp.’s previous quarterly dividend of $0.13. Big 5 Sporting Goods Corp.’s dividend payout ratio (DPR) is currently 79.37%.
Several research firms recently issued reports on BGFV. Forward View raised shares of Big 5 Sporting Goods Corp. from a “sell” rating to a “buy” rating in a report on Monday, November 7th. Deutsche Bank AG increased their target price 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. Finally, Zacks Investment Research raised shares of 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 report on Friday, August 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Big 5 Sporting Goods Corp. presently has a consensus rating of “Buy” and a consensus price target of $15.83.
Large investors have recently modified their holdings of the company. FormulaFolio Investments LLC acquired a new stake in shares of Big 5 Sporting Goods Corp. during the second quarter valued at $102,000. BlackRock Advisors LLC increased its stake 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 valued at $121,000 after buying an additional 853 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Big 5 Sporting Goods Corp. during the third quarter valued at $121,000. First Midwest Bank Trust Division acquired a new stake in shares of Big 5 Sporting Goods Corp. during the second quarter valued at $132,000. Finally, KCG Holdings Inc. acquired a new stake in shares of Big 5 Sporting Goods Corp. during the third quarter valued at $148,000. 77.92% of the stock is owned by institutional investors and hedge funds.
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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