Sport Lowers Big 5 Sporting Goods (NASDAQ:BGFV) to Hold

Big 5 Sporting Goods (NASDAQ:BGFV – Get Free Report) was downgraded by from a “buy” rating to a “hold” rating in a report released on Thursday.

Separately, Lake Street Capital lowered shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating and set a $9.50 price target on the stock. in a research note on Wednesday, August 2nd.

Check Out Our Latest Stock Analysis on BGFV

Big 5 Sporting Goods Trading Down 1.3 %

Shares of BGFV opened at $8.36 on Thursday. The stock’s fifty day simple moving average is $8.82 and its 200 day simple moving average is $8.55. The company has a current ratio of 1.63, a quick ratio of 0.17 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $187.68 million, a P/E ratio of 22.59 and a beta of 2.77. Big 5 Sporting Goods has a twelve month low of $6.88 and a twelve month high of $15.60.

Insiders Place Their Bets

In related news, VP Jeffrey L. Fraley sold 3,764 shares of the stock in a transaction that occurred 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 directly owns 16,075 shares in the company, valued at approximately $123,616.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.40% of the stock is currently owned by company insiders.

Read  Insider Selling: Big 5 Sporting Goods Co. (NASDAQ:BGFV) VP Sells 5,250 Shares of Stock

Institutional Trading of Big 5 Sporting Goods

Hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP purchased a new stake in shares of Big 5 Sporting Goods during the second quarter worth approximately $123,000. EA Series Trust acquired a new stake in shares of Big 5 Sporting Goods in the second quarter valued at approximately $720,000. JPMorgan Chase & Co. lifted its holdings in shares of Big 5 Sporting Goods by 23.8% during the first quarter. JPMorgan Chase & Co. now owns 70,292 shares of the company’s stock worth $540,000 after purchasing an additional 13,534 shares during the period. State Street Corp lifted its holdings in Big 5 Sporting Goods by 1.0% in the first quarter. State Street Corp now owns 540,482 shares of the company’s stock valued at $4,156,000 after acquiring an additional 5,334 shares during the period. Finally, First Horizon Advisors Inc. acquired a new stake in Big 5 Sporting Goods in the first quarter valued at $70,000. 41.70% of the stock is owned by hedge funds and other institutional investors.

About Big 5 Sporting Goods

(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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