Vanguard Group Inc. boosted its stake in shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 12.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,011,123 shares of the company’s stock after buying an additional 110,184 shares during the period. Vanguard Group Inc. owned approximately 4.65% of Big 5 Sporting Goods Corporation worth $15,268,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in shares of Big 5 Sporting Goods Corporation by 130.5% in the first quarter. Ameriprise Financial Inc. now owns 502,749 shares of the company’s stock valued at $7,592,000 after buying an additional 284,650 shares during the period. American Century Companies Inc. raised its stake in shares of Big 5 Sporting Goods Corporation by 472.6% in the first quarter. American Century Companies Inc. now owns 310,203 shares of the company’s stock valued at $4,684,000 after buying an additional 256,024 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Big 5 Sporting Goods Corporation by 72.3% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 472,193 shares of the company’s stock valued at $7,129,000 after buying an additional 198,093 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Big 5 Sporting Goods Corporation by 1,425.8% in the first quarter. JPMorgan Chase & Co. now owns 178,900 shares of the company’s stock valued at $2,701,000 after buying an additional 167,175 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Big 5 Sporting Goods Corporation by 30.0% in the first quarter. Principal Financial Group Inc. now owns 661,535 shares of the company’s stock valued at $9,989,000 after buying an additional 152,667 shares during the period.

Shares of Big 5 Sporting Goods Corporation (NASDAQ BGFV) traded down 1.24% during mid-day trading on Friday, hitting $7.95. The stock had a trading volume of 999,615 shares. The stock has a market cap of $172.88 million, a price-to-earnings ratio of 7.31 and a beta of -0.09. The firm’s 50-day moving average price is $10.01 and its 200 day moving average price is $13.33. Big 5 Sporting Goods Corporation has a 12-month low of $7.35 and a 12-month high of $20.35.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. The company had revenue of $243.67 million during the quarter, compared to analyst estimates of $251.03 million. Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. Equities analysts forecast that Big 5 Sporting Goods Corporation will post $0.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.60 dividend on an annualized basis and a yield of 7.55%. Big 5 Sporting Goods Corporation’s payout ratio is 54.55%.

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Several analysts have recently weighed in on BGFV shares. Zacks Investment Research lowered Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Deutsche Bank AG restated a “buy” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Big 5 Sporting Goods Corporation in a report on Wednesday, May 3rd. BidaskClub lowered Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. ValuEngine lowered Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Forward View restated a “hold” rating and issued a $11.00 price objective on shares of Big 5 Sporting Goods Corporation in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Big 5 Sporting Goods Corporation currently has an average rating of “Hold” and an average price target of $12.67.

In related news, Director Van B. Honeycutt acquired 48,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $7.71 per share, for a total transaction of $370,080.00. Following the completion of the acquisition, the director now directly owns 18,600 shares of the company’s stock, valued at approximately $143,406. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.90% of the company’s stock.

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.

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Institutional Ownership by Quarter for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

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