Big 5 Sporting Goods (NASDAQ:BGFV) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a hold rating to a sell rating in a research report report published on Wednesday.

Separately, TheStreet lowered Big 5 Sporting Goods from a c rating to a d+ rating in a report on Wednesday, February 28th.

Big 5 Sporting Goods Stock Performance

Shares of Big 5 Sporting Goods stock opened at $3.09 on Wednesday. The stock has a market cap of $69.34 million, a PE ratio of -9.36 and a beta of 2.35. The business has a fifty day simple moving average of $4.07 and a 200-day simple moving average of $5.37. The company has a quick ratio of 0.18, a current ratio of 1.63 and a debt-to-equity ratio of 0.05. Big 5 Sporting Goods has a 12 month low of $3.00 and a 12 month high of $9.99.

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.02). The business had revenue of $196.35 million during the quarter. Big 5 Sporting Goods had a negative return on equity of 2.77% and a negative net margin of 0.80%.

Big 5 Sporting Goods Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.20 annualized dividend and a dividend yield of 6.47%. Big 5 Sporting Goods’s dividend payout ratio is -60.61%.

Institutional Trading of Big 5 Sporting Goods

Several hedge funds and other institutional investors have recently modified their holdings of BGFV. BlackRock Inc. raised its holdings in Big 5 Sporting Goods by 7.1% during the second quarter. BlackRock Inc. now owns 1,515,288 shares of the company’s stock valued at $13,880,000 after buying an additional 99,963 shares in the last quarter. Vanguard Group Inc. raised its holdings in Big 5 Sporting Goods by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,139,494 shares of the company’s stock valued at $7,224,000 after buying an additional 4,153 shares in the last quarter. State Street Corp raised its holdings in Big 5 Sporting Goods by 6.2% during the first quarter. State Street Corp now owns 733,624 shares of the company’s stock valued at $12,582,000 after buying an additional 42,894 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Big 5 Sporting Goods by 29.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 666,455 shares of the company’s stock valued at $4,225,000 after buying an additional 150,826 shares in the last quarter. Finally, Cambria Investment Management L.P. raised its holdings in Big 5 Sporting Goods by 8.5% during the third quarter. Cambria Investment Management L.P. now owns 472,902 shares of the company’s stock valued at $3,315,000 after buying an additional 36,918 shares in the last quarter. 41.98% of the stock is currently owned by hedge funds and other institutional investors.

About Big 5 Sporting Goods

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