Big 5 Sporting Goods Corporation (NASDAQ:BGFV) – Analysts at Forward View lowered their Q2 2018 earnings per share (EPS) estimates for shares of Big 5 Sporting Goods Corporation in a note issued to investors on Thursday. Forward View analyst N. Yates now expects that the company will post earnings of $0.14 per share for the quarter, down from their prior estimate of $0.22. Forward View has a “Hold” rating and a $14.00 price objective on the stock. Forward View also issued estimates for Big 5 Sporting Goods Corporation’s Q3 2018 earnings at $0.35 EPS.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last issued its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $243.67 million for the quarter, compared to analysts’ expectations of $251.03 million. Big 5 Sporting Goods Corporation had a return on equity of 11.86% and a net margin of 2.30%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $0.11 earnings per share.

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Several other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday. Deutsche Bank AG downgraded Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $20.00 to $10.00 in a research report on Wednesday. ValuEngine downgraded Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, BidaskClub downgraded Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.67.

Shares of Big 5 Sporting Goods Corporation (NASDAQ BGFV) traded down 0.53% during trading on Friday, hitting $9.35. The stock had a trading volume of 1,369,682 shares. The firm has a market cap of $203.33 million, a P/E ratio of 8.59 and a beta of -0.09. The firm’s 50-day moving average is $12.44 and its 200-day moving average is $14.20. Big 5 Sporting Goods Corporation has a one year low of $9.30 and a one year high of $20.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 6.42%. Big 5 Sporting Goods Corporation’s dividend payout ratio is presently 54.55%.

In other news, VP Gary S. Meade sold 1,865 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $14.57, for a total transaction of $27,173.05. Following the completion of the transaction, the vice president now directly owns 18,093 shares in the company, valued at $263,615.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Van B. Honeycutt sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $13.83, for a total value of $165,960.00. Following the transaction, the director now owns 14,400 shares of the company’s stock, valued at $199,152. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,960 shares of company stock valued at $235,146. Insiders own 7.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. KBC Group NV increased its stake in Big 5 Sporting Goods Corporation by 53.3% in the second quarter. KBC Group NV now owns 92,150 shares of the company’s stock worth $1,203,000 after buying an additional 32,022 shares during the period. BNP Paribas Arbitrage SA increased its stake in Big 5 Sporting Goods Corporation by 45.4% in the second quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock worth $104,000 after buying an additional 2,482 shares during the period. Legal & General Group Plc increased its stake in Big 5 Sporting Goods Corporation by 5.5% in the second quarter. Legal & General Group Plc now owns 31,683 shares of the company’s stock worth $414,000 after buying an additional 1,650 shares during the period. Bank of New York Mellon Corp increased its stake in Big 5 Sporting Goods Corporation by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 459,682 shares of the company’s stock worth $6,000,000 after buying an additional 9,813 shares during the period. Finally, Denver Investment Advisors LLC purchased a new stake in Big 5 Sporting Goods Corporation during the second quarter worth $14,188,000.

Big 5 Sporting Goods Corporation 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. 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.

Earnings History and Estimates for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

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