Bank of New York Mellon Corp lifted its holdings in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 459,682 shares of the company’s stock after acquiring an additional 9,813 shares during the period. Bank of New York Mellon Corp owned approximately 2.11% of Big 5 Sporting Goods Corporation worth $6,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Texas Permanent School Fund lifted its position in shares of Big 5 Sporting Goods Corporation by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock valued at $171,000 after acquiring an additional 185 shares during the period. Comerica Bank boosted its stake in Big 5 Sporting Goods Corporation by 4.1% during the first quarter. Comerica Bank now owns 19,692 shares of the company’s stock worth $312,000 after acquiring an additional 776 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in Big 5 Sporting Goods Corporation by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 16,886 shares of the company’s stock worth $255,000 after acquiring an additional 2,548 shares in the last quarter. Strs Ohio boosted its stake in Big 5 Sporting Goods Corporation by 6.1% during the second quarter. Strs Ohio now owns 45,500 shares of the company’s stock worth $593,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Big 5 Sporting Goods Corporation by 7.7% during the second quarter. Rhumbline Advisers now owns 39,240 shares of the company’s stock worth $512,000 after acquiring an additional 2,800 shares in the last quarter.

Shares of Big 5 Sporting Goods Corporation (BGFV) opened at 7.95 on Tuesday. The company has a market cap of $172.88 million, a P/E ratio of 7.31 and a beta of -0.11. Big 5 Sporting Goods Corporation has a 12-month low of $7.10 and a 12-month high of $20.35. The stock’s 50 day moving average price is $7.74 and its 200 day moving average price is $12.03.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). The firm had revenue of $243.67 million for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. On average, analysts forecast that Big 5 Sporting Goods Corporation will post $0.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.15 dividend. The ex-dividend date was 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 dividend payout ratio (DPR) is 54.55%.

A number of equities research analysts have commented on BGFV shares. Forward View restated a “hold” rating and issued a $8.00 price target on shares of Big 5 Sporting Goods Corporation in a report on Sunday, September 3rd. ValuEngine lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. TheStreet lowered shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, Deutsche Bank AG cut shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $20.00 to $10.00 in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $11.67.

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In other news, Director Van B. Honeycutt acquired 48,000 shares of the stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $7.71 per share, with a total value of $370,080.00. Following the completion of the transaction, the director now owns 18,600 shares of the company’s stock, valued at approximately $143,406. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 7.90% of the stock is currently owned by corporate insiders.

Big 5 Sporting Goods Corporation 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.

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

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