ValuEngine downgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a sell rating to a strong sell rating in a report issued on Thursday.
Other analysts also recently issued reports about the company. Deutsche Bank decreased their price target on Big 5 Sporting Goods from $7.50 to $5.00 and set a hold rating for the company in a research report on Wednesday, August 1st. Zacks Investment Research downgraded Big 5 Sporting Goods from a hold rating to a strong sell rating in a research report on Friday, August 3rd.
Shares of BGFV opened at $5.20 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.20 and a quick ratio of 0.22. The company has a market cap of $115.73 million, a P/E ratio of 45.00 and a beta of -0.89. Big 5 Sporting Goods has a 12 month low of $5.05 and a 12 month high of $9.75.
The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 11.54%. The ex-dividend date was Thursday, August 30th. Big 5 Sporting Goods’s dividend payout ratio is currently 105.26%.
A number of large investors have recently added to or reduced their stakes in BGFV. Deutsche Bank AG increased its position in Big 5 Sporting Goods by 83.2% in the fourth quarter. Deutsche Bank AG now owns 49,448 shares of the company’s stock worth $375,000 after buying an additional 22,458 shares during the last quarter. LSV Asset Management increased its position in Big 5 Sporting Goods by 1.3% in the first quarter. LSV Asset Management now owns 1,121,333 shares of the company’s stock worth $8,129,000 after buying an additional 14,000 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Big 5 Sporting Goods by 39.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 315,354 shares of the company’s stock worth $2,287,000 after buying an additional 88,740 shares during the last quarter. Aperio Group LLC purchased a new stake in Big 5 Sporting Goods in the first quarter worth $155,000. Finally, Gamco Investors INC. ET AL increased its position in Big 5 Sporting Goods by 4.2% in the first quarter. Gamco Investors INC. ET AL now owns 221,900 shares of the company’s stock worth $1,609,000 after buying an additional 8,900 shares during the last quarter. 73.50% of the stock is owned by institutional investors and hedge funds.
About Big 5 Sporting Goods
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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