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Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
Big 5 Sporting Goods Trading Down 5.0 %
NASDAQ BGFV traded down $0.50 during mid-day trading on Monday, reaching $9.56. 493,797 shares of the stock were exchanged, compared to its average volume of 670,019. Big 5 Sporting Goods has a one year low of $9.54 and a one year high of $21.40. The stock has a 50 day simple moving average of $11.97 and a 200-day simple moving average of $11.93. The stock has a market cap of $212.08 million, a P/E ratio of 4.78 and a beta of 2.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 0.26.
Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) last announced its earnings results on Tuesday, November 1st. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Big 5 Sporting Goods had a net margin of 4.30% and a return on equity of 16.43%. The business had revenue of $261.45 million during the quarter.
Insider Buying and Selling
In other news, Director Jennifer Holden Dunbar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $12.70, for a total value of $25,400.00. Following the sale, the director now owns 14,143 shares of the company’s stock, valued at $179,616.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Big 5 Sporting Goods news, VP Jeffrey L. Fraley sold 3,268 shares of the stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $12.28, for a total transaction of $40,131.04. Following the completion of the sale, the vice president now owns 13,775 shares of the company’s stock, valued at approximately $169,157. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jennifer Holden Dunbar sold 2,000 shares of the stock in a transaction on Monday, November 28th. The shares were sold at an average price of $12.70, for a total transaction of $25,400.00. Following the sale, the director now directly owns 14,143 shares of the company’s stock, valued at approximately $179,616.10. The disclosure for this sale can be found here. 4.90% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Big 5 Sporting Goods by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,102,764 shares of the company’s stock worth $18,913,000 after purchasing an additional 21,192 shares in the last quarter. State Street Corp increased its stake in shares of Big 5 Sporting Goods by 6.2% in the 1st quarter. State Street Corp now owns 733,624 shares of the company’s stock worth $12,582,000 after acquiring an additional 42,894 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Big 5 Sporting Goods by 59.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 459,766 shares of the company’s stock worth $5,154,000 after acquiring an additional 170,545 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Big 5 Sporting Goods by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 450,113 shares of the company’s stock worth $4,835,000 after acquiring an additional 3,688 shares in the last quarter. Finally, Cambria Investment Management L.P. increased its stake in shares of Big 5 Sporting Goods by 8.4% in the 3rd quarter. Cambria Investment Management L.P. now owns 341,771 shares of the company’s stock worth $3,671,000 after acquiring an additional 26,370 shares in the last quarter. 47.15% of the stock is currently owned by institutional investors.
About Big 5 Sporting Goods
(Get Rating)
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company's products include athletic shoes, apparel, and accessories. It 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.
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