Big 5 Sporting Goods (NASDAQ:BGFV – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
Separately, TheStreet lowered Big 5 Sporting Goods from a “c” rating to a “d+” rating in a report on Wednesday, February 28th.
Read Our Latest Research Report on BGFV
Big 5 Sporting Goods Stock Up 1.2 %
Big 5 Sporting Goods (NASDAQ:BGFV – Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.02). Big 5 Sporting Goods had a negative return on equity of 6.26% and a negative net margin of 1.82%. The firm had revenue of $196.35 million for the quarter.
Hedge Funds Weigh In On Big 5 Sporting Goods
Institutional investors and hedge funds have recently made changes to their positions in the company. Stratos Wealth Partners LTD. bought a new stake in Big 5 Sporting Goods in the 4th quarter valued at $68,000. SG Americas Securities LLC acquired a new stake in shares of Big 5 Sporting Goods during the fourth quarter worth $74,000. Stratos Wealth Advisors LLC bought a new stake in shares of Big 5 Sporting Goods in the third quarter valued at about $79,000. Gabelli Funds LLC boosted its holdings in Big 5 Sporting Goods by 135.3% in the 3rd quarter. Gabelli Funds LLC now owns 40,000 shares of the company’s stock valued at $280,000 after purchasing an additional 23,000 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Big 5 Sporting Goods during the 4th quarter worth approximately $372,000. Institutional investors and hedge funds own 41.98% of the company’s stock.
About Big 5 Sporting Goods
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.
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