TheStreet upgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a d rating to a c rating in a research report report published on Wednesday morning, TheStreetRatingsTable reports.
BGFV opened at $5.60 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 1.48 and a debt-to-equity ratio of 1.36. The stock has a market cap of $122.64 million, a price-to-earnings ratio of 9.03 and a beta of 1.64. Big 5 Sporting Goods has a twelve month low of $0.65 and a twelve month high of $6.93. The company’s 50-day moving average price is $2.70 and its two-hundred day moving average price is $2.26.
Big 5 Sporting Goods (NASDAQ:BGFV) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.14). The business had revenue of $227.94 million for the quarter. Big 5 Sporting Goods had a net margin of 1.39% and a return on equity of 6.11%.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.10 per share. This is a boost from Big 5 Sporting Goods’s previous quarterly dividend of $0.05. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date of this dividend is Monday, August 31st. Big 5 Sporting Goods’s dividend payout ratio is presently 48.78%.
Hedge funds have recently made changes to their positions in the stock. Ritholtz Wealth Management lifted its stake in shares of Big 5 Sporting Goods by 72.5% during the 2nd quarter. Ritholtz Wealth Management now owns 33,664 shares of the company’s stock valued at $65,000 after buying an additional 14,153 shares in the last quarter. Investors Research Corp lifted its stake in shares of Big 5 Sporting Goods by 100.0% during the 2nd quarter. Investors Research Corp now owns 44,990 shares of the company’s stock valued at $68,000 after buying an additional 22,495 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Big 5 Sporting Goods during the 1st quarter valued at approximately $54,000. Institutional investors own 40.66% of the company’s stock.
Big 5 Sporting Goods Company Profile
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.
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