Van B. Honeycutt Sells 15,000 Shares of Big 5 Sporting Goods Corp. (BGFV) Stock
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) Director Van B. Honeycutt sold 15,000 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $19.13, for a total value of $286,950.00. Following the sale, the director now directly owns 14,400 shares of the company’s stock, valued at $275,472. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) opened at 19.20 on Wednesday. The stock has a 50 day moving average price of $16.34 and a 200-day moving average price of $12.26. Big 5 Sporting Goods Corp. has a 52 week low of $8.15 and a 52 week high of $20.10. The company has a market capitalization of $413.43 million, a PE ratio of 30.97 and a beta of 0.13.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last released its earnings results on Tuesday, November 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.08. The company had revenue of $279 million for the quarter, compared to analyst estimates of $274.64 million. Big 5 Sporting Goods Corp. had a return on equity of 7.88% and a net margin of 1.31%. Big 5 Sporting Goods Corp.’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. Equities research analysts expect that Big 5 Sporting Goods Corp. will post $0.77 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.15 dividend. The ex-dividend date is Tuesday, November 29th. This is a positive change from Big 5 Sporting Goods Corp.’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 3.13%. Big 5 Sporting Goods Corp.’s dividend payout ratio (DPR) is 79.37%.
Several analysts have weighed in on the company. Forward View raised Big 5 Sporting Goods Corp. from a “sell” rating to a “buy” rating in a report on Monday, November 7th. Deutsche Bank AG boosted their price objective on 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 Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Friday, August 5th. One 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 stock. The stock has an average rating of “Buy” and an average target price of $15.83.
A number of hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. raised its stake in Big 5 Sporting Goods Corp. by 4.2% in the first quarter. Prudential Financial Inc. now owns 44,169 shares of the company’s stock valued at $491,000 after buying an additional 1,800 shares during the period. Hancock Holding Co. acquired a new stake in Big 5 Sporting Goods Corp. during the first quarter valued at $601,000. Jacobs Levy Equity Management Inc. raised its stake in Big 5 Sporting Goods Corp. by 115.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 39,500 shares of the company’s stock valued at $439,000 after buying an additional 21,200 shares during the period. Foundry Partners LLC acquired a new stake in Big 5 Sporting Goods Corp. during the second quarter valued at $1,204,000. Finally, Strs Ohio raised its stake in Big 5 Sporting Goods Corp. by 28.3% in the second quarter. Strs Ohio now owns 67,600 shares of the company’s stock valued at $626,000 after buying an additional 14,900 shares during the period. 77.92% of the stock is currently 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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