Big 5 Sporting Goods (BGFV) Set to Announce Earnings on Tuesday

Big 5 Sporting Goods (NASDAQ:BGFV – Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, August 1st. Investors that wish to register for the company’s conference call can do so using this link.

Big 5 Sporting Goods (NASDAQ:BGFV – Get Free Report) last announced its quarterly earnings data on Tuesday, May 2nd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $224.94 million for the quarter. Big 5 Sporting Goods had a net margin of 1.76% and a return on equity of 6.41%.

Big 5 Sporting Goods Trading Up 2.6 %

Big 5 Sporting Goods stock traded up $0.24 during trading hours on Wednesday, reaching $9.48. The company had a trading volume of 152,337 shares, compared to its average volume of 284,458. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 0.24. The company has a 50-day moving average price of $8.54 and a 200 day moving average price of $8.61. The firm has a market cap of $212.26 million, a price-to-earnings ratio of 11.70 and a beta of 2.74. Big 5 Sporting Goods has a 12-month low of $6.88 and a 12-month high of $15.60.

Big 5 Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.55%. The ex-dividend date was Wednesday, May 31st. Big 5 Sporting Goods’s dividend payout ratio is currently 126.58%.

Insider Transactions at Big 5 Sporting Goods

In other Big 5 Sporting Goods news, VP Jeffrey L. Fraley sold 3,764 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $7.69, for a total transaction of $28,945.16. Following the sale, the vice president now owns 16,075 shares of the company’s stock, valued at approximately $123,616.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Shane O. Starr sold 3,752 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $7.17, for a total value of $26,901.84. Following the completion of the sale, the vice president now owns 17,250 shares of the company’s stock, valued at approximately $123,682.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey L. Fraley sold 3,764 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $7.69, for a total value of $28,945.16. Following the completion of the sale, the vice president now directly owns 16,075 shares of the company’s stock, valued at approximately $123,616.75. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Big 5 Sporting Goods

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in Big 5 Sporting Goods by 1,561.0% in the first quarter. FMR LLC now owns 3,405 shares of the company’s stock valued at $26,000 after buying an additional 3,200 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Big 5 Sporting Goods by 182.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,459 shares of the company’s stock worth $26,000 after purchasing an additional 943 shares during the last quarter. Quarry LP raised its position in shares of Big 5 Sporting Goods by 145.9% during the 1st quarter. Quarry LP now owns 5,782 shares of the company’s stock worth $44,000 after purchasing an additional 3,431 shares during the last quarter. Covestor Ltd purchased a new stake in shares of Big 5 Sporting Goods during the 1st quarter valued at $65,000. Finally, First Horizon Advisors Inc. purchased a new stake in Big 5 Sporting Goods during the 1st quarter worth $70,000. Hedge funds and other institutional investors own 41.70% of the company’s stock.

Analysts Set New Price Targets

BGFV has been the subject of several recent analyst reports. StockNews.com initiated coverage on Big 5 Sporting Goods in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Lake Street Capital dropped their price target on Big 5 Sporting Goods from $11.00 to $9.50 in a research note on Wednesday, May 3rd.

Big 5 Sporting Goods Company Profile

(Get Free Report)

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.

Further Reading

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