Capstone Asset Management Co. lowered its position in shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,370 shares of the company’s stock after selling 310 shares during the period. Capstone Asset Management Co. owned 0.06% of Big 5 Sporting Goods Corporation worth $161,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. FormulaFolio Investments LLC boosted its stake in shares of Big 5 Sporting Goods Corporation by 3.0% in the first quarter. FormulaFolio Investments LLC now owns 19,414 shares of the company’s stock valued at $293,000 after buying an additional 574 shares in the last quarter. Comerica Bank increased its stake in shares of Big 5 Sporting Goods Corporation by 4.1% in the first quarter. Comerica Bank now owns 19,692 shares of the company’s stock valued at $312,000 after buying an additional 776 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Big 5 Sporting Goods Corporation by 18.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,956 shares of the company’s stock valued at $242,000 after buying an additional 2,146 shares during the last quarter. State of Tennessee Treasury Department increased its stake in shares of Big 5 Sporting Goods Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 16,886 shares of the company’s stock valued at $255,000 after buying an additional 2,548 shares during the last quarter. Finally, Eagle Global Advisors LLC increased its stake in shares of Big 5 Sporting Goods Corporation by 10.2% in the first quarter. Eagle Global Advisors LLC now owns 30,640 shares of the company’s stock valued at $463,000 after buying an additional 2,840 shares during the last quarter.
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) traded up 1.32% during trading on Wednesday, hitting $7.65. 196,709 shares of the company were exchanged. The stock’s 50-day moving average is $10.52 and its 200-day moving average is $13.52. The company has a market capitalization of $166.36 million, a price-to-earnings ratio of 7.03 and a beta of -0.09. Big 5 Sporting Goods Corporation has a 12 month low of $7.35 and a 12 month high of $20.35.
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last posted its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. The business had revenue of $243.67 million for the quarter, compared to analyst estimates of $251.03 million. Big 5 Sporting Goods Corporation had a return on equity of 11.86% and a net margin of 2.30%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS. Equities research analysts anticipate that Big 5 Sporting Goods Corporation will post $0.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date of this dividend is Wednesday, August 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is presently 54.55%.
ILLEGAL ACTIVITY NOTICE: “Capstone Asset Management Co. Has $161,000 Position in Big 5 Sporting Goods Corporation (BGFV)” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://stocknewstimes.com/2017/08/23/capstone-asset-management-co-has-161000-position-in-big-5-sporting-goods-corporation-bgfv.html.
Several brokerages have recently commented on BGFV. Zacks Investment Research downgraded shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, July 4th. Deutsche Bank AG downgraded shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and reduced their price target for the company from $20.00 to $10.00 in a report on Wednesday, August 2nd. Forward View set a $14.00 price target on shares of Big 5 Sporting Goods Corporation and gave the company a “hold” rating in a report on Sunday, May 28th. TheStreet cut shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, ValuEngine cut shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $12.67.
In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt sold 12,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 14,400 shares in the company, valued at approximately $199,152. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Van B. Honeycutt purchased 48,000 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was bought at an average price of $7.71 per share, with a total value of $370,080.00. Following the acquisition, the director now owns 18,600 shares in the company, valued at $143,406. The disclosure for this purchase can be found here. 7.90% of the stock is currently owned by corporate insiders.
Big 5 Sporting Goods Corporation 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. 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.
Want to see what other hedge funds are holding BGFV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Big 5 Sporting Goods Corporation (NASDAQ:BGFV).
Receive News & Ratings for Big 5 Sporting Goods Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big 5 Sporting Goods Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
