Big 5 Sporting Goods Co. (NASDAQ:BGFV) shares fell 6.9% during mid-day trading on Tuesday . The stock traded as low as $2.93 and last traded at $2.97, 550,600 shares changed hands during trading. An increase of 63% from the average session volume of 336,763 shares. The stock had previously closed at $3.19.
Separately, ValuEngine cut Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.
The company has a debt-to-equity ratio of 1.58, a current ratio of 1.52 and a quick ratio of 0.11. The stock has a market capitalization of $68.48 million, a PE ratio of -37.13 and a beta of 0.57. The company has a 50 day moving average price of $2.58 and a 200-day moving average price of $2.22.
Big 5 Sporting Goods (NASDAQ:BGFV) last posted its earnings results on Tuesday, October 29th. The company reported $0.30 earnings per share (EPS) for the quarter. Big 5 Sporting Goods had a return on equity of 2.48% and a net margin of 0.30%. The firm had revenue of $266.15 million for the quarter. As a group, equities analysts anticipate that Big 5 Sporting Goods Co. will post 0.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.20 annualized dividend and a dividend yield of 6.73%. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently -250.00%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in shares of Big 5 Sporting Goods during the second quarter valued at approximately $120,000. Jane Street Group LLC bought a new stake in shares of Big 5 Sporting Goods during the second quarter valued at approximately $162,000. Paloma Partners Management Co bought a new stake in shares of Big 5 Sporting Goods during the second quarter valued at approximately $177,000. Acadian Asset Management LLC boosted its position in shares of Big 5 Sporting Goods by 155.8% during the second quarter. Acadian Asset Management LLC now owns 172,393 shares of the company’s stock valued at $336,000 after purchasing an additional 105,001 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Big 5 Sporting Goods by 4.4% during the third quarter. Gamco Investors INC. ET AL now owns 212,000 shares of the company’s stock valued at $441,000 after purchasing an additional 9,000 shares in the last quarter. 45.28% of the stock is currently owned by hedge funds and other institutional investors.
Big 5 Sporting Goods Company Profile (NASDAQ:BGFV)
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection 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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