Big 5 Sporting Goods Corp. (BGFV) Director Nicholas Donatiello, Jr. Sells 2,500 Shares
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) Director Nicholas Donatiello, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $19.63, for a total transaction of $49,075.00. Following the completion of the transaction, the director now directly owns 8,665 shares of the company’s stock, valued at approximately $170,093.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) opened at 19.10 on Wednesday. The stock has a market cap of $411.28 million, a PE ratio of 30.81 and a beta of 0.13. The stock has a 50 day moving average of $17.66 and a 200-day moving average of $12.84. Big 5 Sporting Goods Corp. has a 52 week low of $8.15 and a 52 week high of $20.35.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last released its earnings results on Tuesday, November 1st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.08. Big 5 Sporting Goods Corp. had a net margin of 1.31% and a return on equity of 7.88%. The company had revenue of $279 million for the quarter, compared to analysts’ expectations of $274.64 million. During the same quarter last year, the business earned $0.28 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that Big 5 Sporting Goods Corp. will post $0.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.15 per share. This is a boost from Big 5 Sporting Goods Corp.’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 3.14%. Big 5 Sporting Goods Corp.’s dividend payout ratio (DPR) is presently 79.37%.
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A number of large investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. boosted its stake in Big 5 Sporting Goods Corp. by 30.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 78,700 shares of the company’s stock worth $1,071,000 after buying an additional 18,300 shares during the last quarter. Credit Suisse AG boosted its stake in Big 5 Sporting Goods Corp. by 4.6% in the third quarter. Credit Suisse AG now owns 24,968 shares of the company’s stock worth $341,000 after buying an additional 1,095 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Big 5 Sporting Goods Corp. by 5.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 244,841 shares of the company’s stock worth $3,335,000 after buying an additional 11,623 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Big 5 Sporting Goods Corp. during the third quarter worth approximately $170,000. Finally, KCG Holdings Inc. purchased a new stake in Big 5 Sporting Goods Corp. during the third quarter worth approximately $148,000. Institutional investors own 81.18% of the company’s stock.
A number of equities analysts have commented on the stock. Forward View raised shares of Big 5 Sporting Goods Corp. from a “sell” rating to a “buy” rating in a research note on Monday, November 7th. Deutsche Bank AG upped their price objective on shares of Big 5 Sporting Goods Corp. from $16.50 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Finally, Zacks Investment Research raised shares of Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Friday, October 7th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $15.83.
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.
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