StockNews.com cut shares of Big 5 Sporting Goods (NASDAQ:BGFV – Free Report) from a hold rating to a sell rating in a report released on Wednesday.
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 Trading Down 2.1 %
BGFV stock traded down $0.07 during trading on Wednesday, hitting $3.33. The company had a trading volume of 371,759 shares, compared to its average volume of 413,365. The stock has a market cap of $74.73 million, a PE ratio of -10.09 and a beta of 2.35. Big 5 Sporting Goods has a one year low of $3.27 and a one year high of $9.99. The company has a current ratio of 1.63, a quick ratio of 0.18 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $4.52 and a 200-day moving average of $5.67.
Big 5 Sporting Goods (NASDAQ:BGFV – Get Free Report) last released its earnings results 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). Big 5 Sporting Goods had a negative net margin of 0.80% and a negative return on equity of 2.77%. The firm had revenue of $196.35 million during the quarter.
Big 5 Sporting Goods Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.20 dividend on an annualized basis and a yield of 6.01%. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently -60.61%.
Institutional Investors Weigh In On Big 5 Sporting Goods
Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Big 5 Sporting Goods by 1,561.0% in the first quarter. FMR LLC now owns 3,405 shares of the company’s stock worth $26,000 after purchasing an additional 3,200 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Big 5 Sporting Goods by 182.8% in the first quarter. Great West Life Assurance Co. Can now owns 1,459 shares of the company’s stock worth $26,000 after buying an additional 943 shares during the last quarter. State of Wyoming purchased a new stake in shares of Big 5 Sporting Goods during the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its position in shares of Big 5 Sporting Goods by 424.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,606 shares of the company’s stock valued at $39,000 after acquiring an additional 4,537 shares in the last quarter. Finally, Quarry LP raised its holdings in Big 5 Sporting Goods by 145.9% in the 1st quarter. Quarry LP now owns 5,782 shares of the company’s stock worth $44,000 after acquiring an additional 3,431 shares during the last quarter. 41.98% of the stock is owned by hedge funds and other institutional investors.
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.