Steven G. Miller Sells 20,686 Shares of Big 5 Sporting Goods Corp. (BGFV) Stock
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) Chairman Steven G. Miller sold 20,686 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $19.89, for a total value of $411,444.54. Following the completion of the sale, the chairman now owns 27,592 shares in the company, valued at approximately $548,804.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) opened at 19.70 on Wednesday. The firm has a market capitalization of $424.20 million, a P/E ratio of 31.77 and a beta of 0.13. The stock’s 50 day moving average price is $17.16 and its 200 day moving average price is $12.59. Big 5 Sporting Goods Corp. has a 52 week low of $8.15 and a 52 week high of $20.35.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.08. The firm had revenue of $279 million for 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 firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. On average, equities analysts expect that Big 5 Sporting Goods Corp. will post $0.77 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend 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%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. increased its position in Big 5 Sporting Goods Corp. by 47.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 51,605 shares of the company’s stock worth $478,000 after buying an additional 16,625 shares in the last quarter. FormulaFolio Investments LLC bought a new position in shares of Big 5 Sporting Goods Corp. during the second quarter valued at $102,000. LSV Asset Management increased its position in shares of Big 5 Sporting Goods Corp. by 9.9% in the second quarter. LSV Asset Management now owns 1,009,930 shares of the company’s stock valued at $9,362,000 after buying an additional 90,860 shares during the period. Princeton Alpha Management LP bought a new position in shares of Big 5 Sporting Goods Corp. during the second quarter valued at $149,000. Finally, Teton Advisors Inc. increased its position in shares of Big 5 Sporting Goods Corp. by 0.3% in the second quarter. Teton Advisors Inc. now owns 287,500 shares of the company’s stock valued at $2,665,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 80.25% of the company’s stock.
A number of equities research analysts recently commented on the company. Forward View upgraded Big 5 Sporting Goods Corp. from a “sell” rating to a “buy” rating in a research report on Monday, November 7th. Deutsche Bank AG boosted their price target on Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the company 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 target 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $15.83.
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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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