Large 5 Sporting Items (BGFV) Scheduled to Publish Quarterly Earnings on Tuesday

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Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) is expected to release its earnings data after the market close on Tuesday, May 3rd. Big 5 Sporting Goods has set its guidance for the first quarter of 2022 at $0.300 to $0.400 per share.

Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported $0.89 per share for the quarter, beating the Zacks consensus estimate of $0.85 by $0.04. The company had revenue of $273.36 million for the quarter. Big 5 Sporting Goods had a return on equity of 38.59% and a net margin of 8.81%. In the same period last year, the company generated earnings per share of $0.83.

NASDAQ BGFV opened at $14.70 on Wednesday. Big 5 Sporting Goods has a 12-month low of $14.29 and a 12-month high of $47.65. The company has a quick ratio of 0.47, a current ratio of 1.51 and a debt to equity ratio of 0.02. The company has a market cap of $326.63 million, a price-to-earnings ratio of 3.23 and a beta of 2.79. The company has a 50-day moving average price of $16.48 and a 200-day moving average price of $20.58.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11 received a dividend of $0.25 per share. This equates to an annualized dividend of $1.00 and a dividend yield of 6.80%. The ex-dividend date was Thursday March 10th. The Big 5 Sporting Goods RTP is currently 21.98%.

In related news, VP Shane O. Starr sold 7,750 shares of the company’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $16.53 for a total value of $128,107.50. The sale was disclosed in a legal filing with the SEC, accessible at this link. 7.90% of the shares are owned by company insiders.

A number of hedge funds and other institutional investors recently changed their holdings in the company. Barclays PLC increased its holdings in Big 5 Sporting Goods by 70.2% in the fourth quarter. Barclays PLC now owns 60,822 shares of the company’s shares valued at $1,157,000 after purchasing an additional 25,083 shares during the period. Parametric Portfolio Associates LLC purchased a new position in Big 5 Sporting Goods valued at approximately $230,000 during the fourth quarter. Cubist Systematic Strategies LLC increased its position in Big 5 Sporting Goods by 59.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 36,003 shares of the company’s stock valued at $684,000 after purchasing an additional 13,490 shares during the period. Squarepoint Ops LLC acquired a new interest in Big 5 Sporting Goods valued at approximately $662,000 during the fourth quarter. Finally, State Street Corp increased its position in Big 5 sporting goods stocks by 7.2% in the fourth quarter. State Street Corp now owns 690,730 shares of the company’s stock valued at $13,131,000 after purchasing an additional 46,199 shares during the period. 60.14% of the shares are currently owned by institutional investors.

Several equity analysts recently rated BGFV stock. StockNews.com upgraded shares of the Big 5 Sporting Goods to a “buy” rating from a “hold” rating in a research note Saturday. Lake Street Capital lowered its price target for the Big 5 sporting goods from $31.00 to $28.00 in a research report on Wednesday, March 2nd.

About Big 5 sporting goods (received rating)

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The Company’s products include athletic shoes, apparel and accessories. It also offers a selection of outdoor and sports equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation and home recreation.

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