Campbell & CO Investment Adviser LLC acquired a new position in Big 5 Sporting Goods Co. (NASDAQ:BGFV) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,604 shares of the company’s stock, valued at approximately $243,000. Campbell & CO Investment Adviser LLC owned 0.09% of Big 5 Sporting Goods at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of BGFV. Quantbot Technologies LP acquired a new stake in shares of Big 5 Sporting Goods during the first quarter worth about $125,000. Fox Run Management L.L.C. acquired a new stake in shares of Big 5 Sporting Goods during the second quarter worth about $147,000. Atria Investments LLC acquired a new stake in shares of Big 5 Sporting Goods during the second quarter worth about $164,000. Karp Capital Management Corp acquired a new stake in shares of Big 5 Sporting Goods during the first quarter worth about $210,000. Finally, Koch Industries Inc. acquired a new stake in shares of Big 5 Sporting Goods during the first quarter worth about $210,000.
Shares of Big 5 Sporting Goods Co. (BGFV) traded down 3.85% during trading on Friday, reaching $8.75. The company had a trading volume of 1,153,452 shares. Big 5 Sporting Goods Co. has a 52 week low of $8.70 and a 52 week high of $20.35. The firm has a 50-day moving average of $11.41 and a 200 day moving average of $13.87. The firm has a market capitalization of $190.28 million, a price-to-earnings ratio of 8.04 and a beta of -0.09.
Big 5 Sporting Goods (NASDAQ:BGFV) last posted its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. Big 5 Sporting Goods had a net margin of 1.14% and a return on equity of 5.39%. The company had revenue of $243.67 million during the quarter, compared to analyst estimates of $251.03 million. During the same quarter last year, the business posted $0.11 EPS. Big 5 Sporting Goods’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Big 5 Sporting Goods Co. will post $0.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.15 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.86%. Big 5 Sporting Goods’s dividend payout ratio (DPR) is currently 54.55%.
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A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Big 5 Sporting Goods from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, July 4th. Deutsche Bank AG cut Big 5 Sporting Goods from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $10.00 in a report on Wednesday, August 2nd. Forward View set a $14.00 target price on Big 5 Sporting Goods and gave the company a “hold” rating in a report on Sunday, May 28th. TheStreet cut Big 5 Sporting Goods from a “b-” rating to a “c” rating in a report on Wednesday. Finally, ValuEngine cut Big 5 Sporting Goods from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $12.67.
In other news, Director Van B. Honeycutt sold 12,000 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $13.83, for a total value of $165,960.00. Following the completion of the sale, the director now owns 14,400 shares in the company, valued at $199,152. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 15,095 shares of company stock valued at $207,972. Insiders own 7.90% of the company’s stock.
About Big 5 Sporting Goods
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. 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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