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

StockNews.com upgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a sell rating to a hold rating in a research note issued to investors on Friday.

Separately, TheStreet lowered Big 5 Sporting Goods from a c rating to a d+ rating in a report on Wednesday, February 28th.

Big 5 Sporting Goods Stock Up 3.9 %

Shares of BGFV opened at $3.46 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.18 and a debt-to-equity ratio of 0.05. Big 5 Sporting Goods has a 12 month low of $3.00 and a 12 month high of $9.99. The stock’s 50 day moving average is $3.86 and its two-hundred day moving average is $5.22. The firm has a market cap of $77.64 million, a P/E ratio of -10.50 and a beta of 2.35.

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its quarterly earnings data 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 net margin of 0.80% and a negative return on equity of 2.77%. The business had revenue of $196.35 million during the quarter.

Big 5 Sporting Goods Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend was Thursday, March 7th. Big 5 Sporting Goods’s dividend payout ratio is presently -60.61%.

Institutional Trading of Big 5 Sporting Goods

A number of institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC boosted its stake in shares of Big 5 Sporting Goods by 150.0% in the fourth 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. acquired a new stake in shares of Big 5 Sporting Goods in the fourth quarter worth approximately $68,000. SG Americas Securities LLC acquired a new stake in shares of Big 5 Sporting Goods in the fourth quarter worth approximately $74,000. Exchange Traded Concepts LLC purchased a new position in Big 5 Sporting Goods during the fourth quarter worth approximately $372,000. Finally, Cambria Investment Management L.P. lifted its position in Big 5 Sporting Goods by 8.5% during the third quarter. Cambria Investment Management L.P. now owns 472,902 shares of the company’s stock worth $3,315,000 after buying an additional 36,918 shares in the last quarter. 41.98% of the stock is owned by institutional investors and hedge funds.

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.