Big 5 Sporting Goods Co. (NASDAQ:BGFV) Sees Large Decline in Short Interest

Big 5 Sporting Goods Co. (NASDAQ:BGFV) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 4,210,000 shares, a decrease of 7.1% from the December 15th total of 4,530,000 shares. Approximately 21.3% of the shares of the company are short sold. Based on an average daily volume of 288,300 shares, the short-interest ratio is currently 14.6 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Big 5 Sporting Goods in the 2nd quarter worth about $120,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Big 5 Sporting Goods by 19.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 854,252 shares of the company’s stock worth $1,666,000 after buying an additional 136,440 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Big 5 Sporting Goods in the second quarter worth $177,000. Marshall Wace LLP raised its holdings in shares of Big 5 Sporting Goods by 10.8% in the second quarter. Marshall Wace LLP now owns 350,280 shares of the company’s stock worth $683,000 after buying an additional 34,023 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Big 5 Sporting Goods by 6.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 306,162 shares of the company’s stock worth $597,000 after buying an additional 18,423 shares during the last quarter. 44.51% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine downgraded Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

BGFV traded up $0.09 during trading on Thursday, reaching $4.00. The stock had a trading volume of 4,110 shares, compared to its average volume of 196,914. The stock has a market cap of $87.99 million, a PE ratio of -50.00 and a beta of 0.55. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.11 and a current ratio of 1.52. Big 5 Sporting Goods has a one year low of $1.57 and a one year high of $4.78. The business has a 50-day moving average of $2.96 and a 200-day moving average of $2.41.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its earnings results on Tuesday, October 29th. The company reported $0.30 EPS for the quarter. The business had revenue of $266.15 million for the quarter. Big 5 Sporting Goods had a return on equity of 2.48% and a net margin of 0.30%. Equities research analysts forecast that Big 5 Sporting Goods will post 0.41 EPS for the current fiscal year.

Big 5 Sporting Goods Company Profile

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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