Big 5 Sporting Goods Corporation (NASDAQ:BGFV) – Research analysts at Forward View cut their FY2017 EPS estimates for Big 5 Sporting Goods Corporation in a research note issued on Friday. Forward View analyst N. Yates now anticipates that the company will post earnings of $0.88 per share for the year, down from their previous forecast of $1.05. Forward View has a “Hold” rating and a $8.00 price objective on the stock. Forward View also issued estimates for Big 5 Sporting Goods Corporation’s Q1 2018 earnings at $0.13 EPS and Q3 2018 earnings at $0.32 EPS.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $270.47 million for the quarter, compared to analysts’ expectations of $272.27 million. Big 5 Sporting Goods Corporation had a net margin of 2.11% and a return on equity of 10.37%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

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A number of other research firms have also recently commented on BGFV. Zacks Investment Research raised shares of Big 5 Sporting Goods Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine cut shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. TheStreet cut shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG cut shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and decreased their target price for the company from $20.00 to $10.00 in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.00.

Big 5 Sporting Goods Corporation (BGFV) opened at $6.25 on Monday. The company has a current ratio of 2.07, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24. The firm has a market cap of $129.63, a PE ratio of 6.17, a PEG ratio of 0.77 and a beta of -0.24. Big 5 Sporting Goods Corporation has a 1 year low of $6.00 and a 1 year high of $20.35.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.60 annualized dividend and a dividend yield of 9.60%. Big 5 Sporting Goods Corporation’s dividend payout ratio is presently 60.00%.

In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt purchased 48,000 shares of Big 5 Sporting Goods Corporation stock in a transaction dated Friday, August 18th. The shares were 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 $143,406. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in BGFV. Karp Capital Management Corp purchased a new stake in shares of Big 5 Sporting Goods Corporation during the first quarter worth approximately $210,000. Parametric Portfolio Associates LLC increased its stake in Big 5 Sporting Goods Corporation by 33.4% in the first quarter. Parametric Portfolio Associates LLC now owns 98,610 shares of the company’s stock valued at $1,489,000 after purchasing an additional 24,683 shares during the last quarter. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 167,175 shares during the last quarter. Prudential Financial Inc. increased its stake in Big 5 Sporting Goods Corporation by 83.5% in the first quarter. Prudential Financial Inc. now owns 69,749 shares of the company’s stock valued at $1,053,000 after purchasing an additional 31,735 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its stake in Big 5 Sporting Goods Corporation by 40.7% in the first quarter. OppenheimerFunds Inc. now owns 50,130 shares of the company’s stock valued at $757,000 after purchasing an additional 14,513 shares during the last quarter.

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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