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

Big 5 Sporting Goods (NASDAQ:BGFV) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Separately, TheStreet cut shares of Big 5 Sporting Goods from a “c” rating to a “d+” rating in a research report on Wednesday, February 28th.

Big 5 Sporting Goods Price Performance

BGFV traded up $0.13 during midday trading on Friday, hitting $3.47. The company had a trading volume of 322,152 shares, compared to its average volume of 399,730. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 1.63. The company has a market capitalization of $77.75 million, a PE ratio of -10.50 and a beta of 2.35. Big 5 Sporting Goods has a twelve month low of $3.00 and a twelve month high of $9.99. The firm’s 50-day simple moving average is $3.90 and its 200-day simple moving average is $5.26.

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). Big 5 Sporting Goods had a negative return on equity of 2.77% and a negative net margin of 0.80%. The business had revenue of $196.35 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC boosted its stake in Big 5 Sporting Goods by 150.0% during the 4th quarter. Gabelli Funds LLC now owns 100,000 shares of the company’s stock worth $634,000 after acquiring an additional 60,000 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Big 5 Sporting Goods during the 4th quarter worth approximately $68,000. SG Americas Securities LLC bought a new position in Big 5 Sporting Goods during the 4th quarter worth approximately $74,000. Exchange Traded Concepts LLC bought a new position in Big 5 Sporting Goods during the 4th quarter worth approximately $372,000. Finally, Cambria Investment Management L.P. lifted its stake in Big 5 Sporting Goods by 8.5% in the third quarter. Cambria Investment Management L.P. now owns 472,902 shares of the company’s stock valued at $3,315,000 after buying an additional 36,918 shares in the last quarter. Institutional investors own 41.98% 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. 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.