Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) updated its earnings guidance for the first quarter of 2022 on Tuesday. The company provided guidance for earnings per share (EPS) of $0.300 to $0.400 for the period, compared to the Thomson Reuters consensus estimate of $0.490. The company gave a sales forecast of -.
Several equity analysts have published reports on the stock. Lake Street Capital lowered its target price on shares of Big 5 Sporting Goods from $31.00 to $28.00 in a research report on Wednesday, March 2nd. StockNews.com downgraded shares of the Big 5 Sporting Goods from a buy rating to a hold rating in a research report on Thursday, March 3rd.
Shares of BGFV opened at $16.62 on Tuesday. The company has a 50-day moving average price of $17.66 and a 200-day moving average price of $22.38. 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 $369.30 million, a P/E of 3.65 and a beta of 2.79. Big 5 Sporting Goods has a 12-month low of $13.51 and a 12-month high of $47.65.
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Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) last issued its quarterly earnings data on Tuesday, March 1st. The company reported earnings per share (EPS) of $0.89 for the quarter, beating Thomson Reuters consensus estimate of $0.85 by $0.04. Big 5 Sporting Goods had a net margin of 8.81% and a return on equity of 38.59%. The company had revenue of $273.36 million for the quarter. In the same quarter last year, the company generated earnings per share of $0.83.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 25th. Stockholders of record on Friday, March 11 will receive a dividend of $0.25 per share. The ex-dividend date is Thursday March 10th. This equates to an annualized dividend of $1.00 and a dividend yield of 6.02%. The Big 5 Sporting Goods payout ratio is currently 21.98%.
In other news, VP Shane O. Starr sold 7,750 shares of the company’s stock in a transaction that took place on Wednesday, March 9th. The shares sold at an average price of $16.53 for a total transaction of $128,107.50. The sale was disclosed in a legal filing with the SEC, which can be accessed at this link. 7.90% of the shares are currently owned by company insiders.
A number of large investors have recently changed their positions in BGFV. Morgan Stanley increased its holdings in Big 5 Sporting Goods by 113.3% in the second quarter. Morgan Stanley now owns 508,541 shares of the company’s stock valued at $13,060,000 after purchasing an additional 270,178 shares last quarter. State Street Corp increased its holdings of 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 last quarter. Wells Fargo & Company MN increased its holdings of Big 5 Sporting Goods shares by 158.3% in the second quarter. Wells Fargo & Company MN now owns 67,443 shares of the company’s stock valued at $1,731,000 after purchasing an additional 41,335 shares last quarter. Squarepoint Ops LLC acquired a new interest in Big 5 Sporting Goods stock valued at $662,000 during the fourth quarter. Finally, the Royal Bank of Canada increased its holdings of Big 5 Sporting Goods shares by 142.8% in the third quarter. The Royal Bank of Canada now owns 43,187 shares of the company, valued at $995,000, after purchasing an additional 25,398 shares last quarter. 60.14% of the shares are currently owned by institutional investors and hedge funds.
About Big 5 sporting goods (received rating)
Big 5 Sporting Goods Corp. acts as a holding company. The object of the company is the retail sale of sporting goods. Products include athletic footwear, apparel and accessories, as well as outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.
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