Dimensional Fund Advisors LP Has $32,108,000 Holding in Big 5 Sporting Goods Co. (BGFV)

Dimensional Fund Advisors LP Has $32,108,000 Holding in Big 5 Sporting Goods Co. (BGFV)

Dimensional Fund Advisors LP decreased its position in shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,850,605 shares of the company’s stock after selling 12,373 shares during the period. Dimensional Fund Advisors LP owned approximately 0.09% of Big 5 Sporting Goods worth $32,108,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of BGFV. Acadian Asset Management LLC raised its position in shares of Big 5 Sporting Goods by 440.1% in the third quarter. Acadian Asset Management LLC now owns 55,251 shares of the company’s stock worth $752,000 after buying an additional 45,021 shares during the last quarter. Chicago Equity Partners LLC bought a new position in shares of Big 5 Sporting Goods during the third quarter worth about $1,423,000. Wells Fargo & Company MN raised its position in shares of Big 5 Sporting Goods by 6.0% in the third quarter. Wells Fargo & Company MN now owns 142,528 shares of the company’s stock worth $1,941,000 after buying an additional 8,123 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Big 5 Sporting Goods by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 340,671 shares of the company’s stock worth $4,640,000 after buying an additional 15,810 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Big 5 Sporting Goods during the third quarter worth about $1,028,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

Shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) opened at 15.10 on Friday. Big 5 Sporting Goods Co. has a 1-year low of $8.15 and a 1-year high of $20.35. The firm has a market cap of $327.02 million, a price-to-earnings ratio of 19.61 and a beta of 0.42. The stock has a 50 day moving average of $14.73 and a 200-day moving average of $16.18.

The company also recently declared a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Monday, March 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 3.97%. Big 5 Sporting Goods’s dividend payout ratio is currently 95.24%.

BGFV has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Big 5 Sporting Goods from a “hold” rating to a “buy” rating in a research note on Monday, December 12th. Zacks Investment Research lowered shares of Big 5 Sporting Goods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 9th. Finally, Forward View reiterated a “buy” rating and issued a $18.00 price objective on shares of Big 5 Sporting Goods in a research note on Thursday, January 12th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $16.70.

In related news, Director Van B. Honeycutt sold 7,000 shares of Big 5 Sporting Goods stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $15.02, for a total value of $105,140.00. Following the completion of the transaction, the director now owns 14,400 shares in the company, valued at $216,288. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.90% of the stock is owned by insiders.

Big 5 Sporting Goods 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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