Big 5 Sporting Goods Corp. (BGFV) Director Sells $197,200.00 in Stock
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) Director Van B. Honeycutt sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $19.72, for a total value of $197,200.00. Following the transaction, the director now owns 14,400 shares in the company, valued at approximately $283,968. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) opened at 20.00 on Friday. The company’s 50-day moving average price is $16.67 and its 200 day moving average price is $12.37. Big 5 Sporting Goods Corp. has a one year low of $8.15 and a one year high of $20.10. The firm has a market capitalization of $430.66 million, a PE ratio of 32.26 and a beta of 0.13.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.08. Big 5 Sporting Goods Corp. had a return on equity of 7.88% and a net margin of 1.31%. The firm had revenue of $279 million for the quarter, compared to analysts’ expectations of $274.64 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Big 5 Sporting Goods Corp.’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts forecast that Big 5 Sporting Goods Corp. will post $0.77 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 annualized dividend and a yield of 3.00%. This is a boost 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%.
A number of research analysts recently issued reports on the company. Forward View upgraded Big 5 Sporting Goods Corp. from a “sell” rating to a “buy” rating in a research note on Monday, November 7th. Deutsche Bank AG raised their price target on Big 5 Sporting Goods Corp. from $16.50 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Finally, Zacks Investment Research upgraded Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Friday, October 7th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Big 5 Sporting Goods Corp. currently has a consensus rating of “Buy” and a consensus target price of $15.83.
A number of hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. boosted its stake in shares of 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 last quarter. Jacobs Levy Equity Management Inc. raised its position 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 bought a new position in Big 5 Sporting Goods Corp. during the second quarter valued at approximately $1,204,000. Strs Ohio raised its position 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. Finally, First Midwest Bank Trust Division bought a new position in Big 5 Sporting Goods Corp. during the second quarter valued at approximately $132,000. Hedge funds and other institutional investors own 77.92% of the company’s stock.
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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