Essex Investment Management Co. LLC cut its stake in Big 5 Sporting Goods Corp. (NASDAQ:BGFV) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 50,528 shares of the company’s stock after selling 556 shares during the period. Essex Investment Management Co. LLC’s holdings in Big 5 Sporting Goods Corp. were worth $468,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of BGFV. First Midwest Bank Trust Division purchased a new stake in Big 5 Sporting Goods Corp. during the second quarter worth about $132,000. Strs Ohio boosted its stake in Big 5 Sporting Goods Corp. by 28.3% in the second quarter. Strs Ohio now owns 67,600 shares of the company’s stock worth $626,000 after buying an additional 14,900 shares during the last quarter. Foundry Partners LLC purchased a new stake in Big 5 Sporting Goods Corp. during the second quarter worth about $1,204,000. Jacobs Levy Equity Management Inc. boosted its stake in Big 5 Sporting Goods Corp. by 115.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 39,500 shares of the company’s stock worth $439,000 after buying an additional 21,200 shares during the last quarter. Finally, Hancock Holding Co. purchased a new stake in Big 5 Sporting Goods Corp. during the first quarter worth about $601,000. 77.67% of the stock is owned by institutional investors and hedge funds.
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) traded up 9.95% during mid-day trading on Thursday, hitting $15.25. The company’s stock had a trading volume of 1,495,819 shares. Big 5 Sporting Goods Corp. has a 1-year low of $8.15 and a 1-year high of $15.74. The stock has a market cap of $330.18 million, a PE ratio of 28.94 and a beta of 0.56. The company has a 50-day moving average price of $13.57 and a 200-day moving average price of $11.10.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.08. Big 5 Sporting Goods Corp. had a net margin of 1.12% and a return on equity of 6.50%. The company earned $241.10 million during the quarter, compared to the consensus estimate of $238.29 million. During the same period in the prior year, the business posted $0.15 EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. Analysts predict that Big 5 Sporting Goods Corp. will post $0.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.28%. Big 5 Sporting Goods Corp.’s dividend payout ratio is 94.34%.
A number of analysts recently issued reports on BGFV shares. Deutsche Bank AG raised Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and reduced their price objective for the company from $16.50 to $10.00 in a research report on Thursday. Zacks Investment Research cut Big 5 Sporting Goods Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $12.86.
In other news, Director Stadium Capital Partners L. P sold 9,893 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $13.08, for a total transaction of $129,400.44. Following the completion of the transaction, the director now directly owns 2,423,842 shares in the company, valued at approximately $31,703,853.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stadium Capital Management Llc sold 88,712 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $12.91, for a total transaction of $1,145,271.92. The disclosure for this sale can be found here. Insiders own 7.90% of the company’s stock.
Big 5 Sporting Goods Corp. Company Profile
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format that averages approximately 11,000 square feet. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports.