Big 5 Sporting Goods (NASDAQ:BGFV) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a sell rating to a hold rating in a report published on Friday morning.

Separately, TheStreet downgraded Big 5 Sporting Goods from a c rating to a d+ rating in a report on Wednesday, February 28th.

Big 5 Sporting Goods Stock Performance

Shares of BGFV stock opened at $3.65 on Friday. The firm has a market cap of $81.91 million, a PE ratio of -11.06 and a beta of 2.35. Big 5 Sporting Goods has a 12 month low of $3.00 and a 12 month high of $9.99. The company’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $5.21. The company has a quick ratio of 0.18, a current ratio of 1.63 and a debt-to-equity ratio of 0.05.

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.02). The business had revenue of $196.35 million for the quarter. Big 5 Sporting Goods had a negative return on equity of 2.77% and a negative net margin of 0.80%.

Big 5 Sporting Goods Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date was Thursday, March 7th. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently -60.61%.

Institutional Trading of Big 5 Sporting Goods

Hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC bought a new stake in Big 5 Sporting Goods in the 4th quarter valued at $372,000. Stratos Wealth Partners LTD. bought a new position in shares of Big 5 Sporting Goods in the fourth quarter valued at about $68,000. Gamco Investors INC. ET AL lifted its stake in shares of Big 5 Sporting Goods by 101.0% during the 3rd quarter. Gamco Investors INC. ET AL now owns 195,000 shares of the company’s stock worth $1,367,000 after buying an additional 98,000 shares during the last quarter. Stratos Wealth Advisors LLC bought a new stake in shares of Big 5 Sporting Goods during the 3rd quarter worth about $79,000. Finally, SG Americas Securities LLC acquired a new position in Big 5 Sporting Goods in the 4th quarter valued at about $74,000. 41.98% of the stock is owned by institutional investors and hedge funds.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.