Forward View reissued their hold rating on shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) in a research report released on Sunday morning. They currently have a $8.00 price objective on the stock.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research lowered shares of Big 5 Sporting Goods Corporation from a strong-buy rating to a sell rating in a research note on Tuesday, July 4th. BidaskClub lowered shares of Big 5 Sporting Goods Corporation from a sell rating to a strong sell rating in a research note on Saturday, July 8th. ValuEngine lowered shares of Big 5 Sporting Goods Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, August 1st. Deutsche Bank AG lowered shares of Big 5 Sporting Goods Corporation from a buy rating to a hold rating and dropped their price objective for the company from $20.00 to $10.00 in a research note on Wednesday, August 2nd. Finally, TheStreet lowered shares of Big 5 Sporting Goods Corporation from a b- rating to a c rating in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Big 5 Sporting Goods Corporation presently has a consensus rating of Hold and a consensus target price of $11.67.

Shares of Big 5 Sporting Goods Corporation (BGFV) remained flat at $7.65 during trading on Friday. The company had a trading volume of 303,957 shares. The firm’s 50-day moving average price is $9.43 and its 200-day moving average price is $13.04. The stock has a market capitalization of $166.36 million, a price-to-earnings ratio of 7.03 and a beta of -0.06. Big 5 Sporting Goods Corporation has a 12 month low of $7.15 and a 12 month high of $20.35.

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

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.84%. The ex-dividend date is Wednesday, August 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is 54.55%.

In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt purchased 48,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $7.71 per share, for a total transaction of $370,080.00. Following the completion of the transaction, the director now owns 18,600 shares in the company, valued at $143,406. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its holdings in shares of Big 5 Sporting Goods Corporation by 45.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock valued at $104,000 after purchasing an additional 2,482 shares during the period. Quantbot Technologies LP acquired a new position in shares of Big 5 Sporting Goods Corporation in the 1st quarter valued at about $125,000. Alliancebernstein L.P. acquired a new position in shares of Big 5 Sporting Goods Corporation in the 2nd quarter valued at about $133,000. Fox Run Management L.L.C. acquired a new position in shares of Big 5 Sporting Goods Corporation in the 2nd quarter valued at about $147,000. Finally, Atria Investments LLC acquired a new position in shares of Big 5 Sporting Goods Corporation in the 2nd quarter valued at about $164,000.

About Big 5 Sporting Goods Corporation

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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