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

Big 5 Sporting Goods (NASDAQ:BGFV) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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

Big 5 Sporting Goods Stock Performance

Shares of Big 5 Sporting Goods stock traded up $0.14 during trading hours on Tuesday, reaching $3.71. The company had a trading volume of 417,530 shares, compared to its average volume of 385,818. Big 5 Sporting Goods has a one year low of $3.46 and a one year high of $9.99. The business has a fifty day simple moving average of $4.68 and a 200 day simple moving average of $5.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.63 and a quick ratio of 0.18. The firm has a market cap of $83.25 million, a PE ratio of -11.24 and a beta of 2.38.

Big 5 Sporting Goods (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.02). The business had revenue of $196.35 million for the quarter. Big 5 Sporting Goods had a negative net margin of 0.80% and a negative return on equity of 2.77%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Big 5 Sporting Goods by 7.1% during the 2nd quarter. BlackRock Inc. now owns 1,515,288 shares of the company’s stock valued at $13,880,000 after purchasing an additional 99,963 shares during the period. Vanguard Group Inc. increased its holdings in Big 5 Sporting Goods by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,139,494 shares of the company’s stock valued at $7,224,000 after purchasing an additional 4,153 shares during the period. State Street Corp grew its holdings in shares of Big 5 Sporting Goods by 6.2% during the 1st quarter. State Street Corp now owns 733,624 shares of the company’s stock worth $12,582,000 after acquiring an additional 42,894 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Big 5 Sporting Goods by 29.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 666,455 shares of the company’s stock worth $4,225,000 after acquiring an additional 150,826 shares during the period. Finally, Cambria Investment Management L.P. grew its holdings in shares of Big 5 Sporting Goods by 8.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 472,902 shares of the company’s stock worth $3,315,000 after acquiring an additional 36,918 shares during the period. Hedge funds and other 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.