The Big 5 Sporting Goods Corporation (BGFV) Issues Q4 Earnings Guidance

The Big 5 Sporting Goods Corporation (BGFV) Issues Q4 Earnings Guidance

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.33-0.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.30. The company issued revenue guidance of $266.3 million, compared to the consensus revenue estimate of $269.99 million.

A number of analysts have recently issued reports on the company. Forward View upgraded Big 5 Sporting Goods Corporation from a sell rating to a buy rating in a report on Monday, November 7th. TheStreet upgraded Big 5 Sporting Goods Corporation from a hold rating to a buy rating in a report on Monday, December 12th. Deutsche Bank AG boosted their target price on Big 5 Sporting Goods Corporation from $16.50 to $18.00 and gave the stock a buy rating in a report on Wednesday, November 2nd. Finally, Zacks Investment Research cut Big 5 Sporting Goods Corporation from a strong-buy rating to a hold rating in a report on Monday, January 9th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $16.26.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) opened at 15.50 on Thursday. Big 5 Sporting Goods Corporation has a 12-month low of $8.15 and a 12-month high of $20.35. The stock has a market cap of $333.76 million, a PE ratio of 25.00 and a beta of 0.27. The firm has a 50-day moving average price of $17.48 and a 200-day moving average price of $15.05.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.08. The firm earned $279 million during the quarter, compared to the consensus estimate of $274.64 million. Big 5 Sporting Goods Corporation had a return on equity of 7.88% and a net margin of 1.31%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Analysts forecast that Big 5 Sporting Goods Corporation will post $0.77 EPS for the current fiscal year.

In related news, VP Boyd O. Clark sold 1,871 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $19.04, for a total value of $35,623.84. Following the completion of the sale, the vice president now directly owns 42,992 shares of the company’s stock, valued at approximately $818,567.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Boyd O. Clark sold 15,000 shares of the stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $17.00, for a total value of $255,000.00. Following the completion of the sale, the vice president now directly owns 59,863 shares of the company’s stock, valued at $1,017,671. The disclosure for this sale can be found here. 7.90% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Big 5 Sporting Goods Corporation by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,854,936 shares of the company’s stock valued at $17,195,000 after buying an additional 203,345 shares in the last quarter. BlackRock Fund Advisors increased its stake in Big 5 Sporting Goods Corporation by 6.2% in the third quarter. BlackRock Fund Advisors now owns 1,301,682 shares of the company’s stock worth $17,729,000 after buying an additional 75,630 shares during the period. Vanguard Group Inc. increased its stake in Big 5 Sporting Goods Corporation by 4.7% in the second quarter. Vanguard Group Inc. now owns 879,828 shares of the company’s stock worth $8,156,000 after buying an additional 39,774 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Big 5 Sporting Goods Corporation by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 473,169 shares of the company’s stock worth $4,386,000 after buying an additional 2,081 shares during the period. Finally, Morgan Stanley increased its stake in Big 5 Sporting Goods Corporation by 461.8% in the third quarter. Morgan Stanley now owns 450,328 shares of the company’s stock worth $6,133,000 after buying an additional 370,165 shares during the period. 81.16% of the stock is owned by hedge funds and other institutional investors.

Big 5 Sporting Goods Corporation 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.

Related posts

Leave a Comment