Ameriprise Financial Inc. Acquires 185,019 Shares of Big 5 Sporting Goods Corporation (BGFV)

Ameriprise Financial Inc. raised its holdings in shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 36.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 687,768 shares of the company’s stock after acquiring an additional 185,019 shares during the period. Ameriprise Financial Inc. owned about 3.16% of Big 5 Sporting Goods Corporation worth $8,976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacific Ridge Capital Partners LLC grew its position in Big 5 Sporting Goods Corporation by 22.4% during the second quarter. Pacific Ridge Capital Partners LLC now owns 366,635 shares of the company’s stock valued at $4,785,000 after acquiring an additional 66,990 shares during the last quarter. Texas Permanent School Fund grew its position in Big 5 Sporting Goods Corporation by 1.4% during the second quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock valued at $171,000 after acquiring an additional 185 shares during the last quarter. Principal Financial Group Inc. grew its position in Big 5 Sporting Goods Corporation by 30.0% during the first quarter. Principal Financial Group Inc. now owns 661,535 shares of the company’s stock valued at $9,989,000 after acquiring an additional 152,667 shares during the last quarter. Prudential Financial Inc. grew its position in Big 5 Sporting Goods Corporation by 83.5% during the first quarter. Prudential Financial Inc. now owns 69,749 shares of the company’s stock valued at $1,053,000 after acquiring an additional 31,735 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Big 5 Sporting Goods Corporation by 1,425.8% during the first quarter. JPMorgan Chase & Co. now owns 178,900 shares of the company’s stock valued at $2,701,000 after acquiring an additional 167,175 shares during the last quarter.

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In related news, Director Van B. Honeycutt bought 48,000 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average price of $7.71 per share, with a total value of $370,080.00. Following the transaction, the director now owns 18,600 shares in the company, valued at approximately $143,406. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.90% of the company’s stock.

Shares of Big 5 Sporting Goods Corporation (NASDAQ BGFV) opened at 7.15 on Friday. The stock has a market cap of $155.48 million, a price-to-earnings ratio of 6.57 and a beta of -0.11. Big 5 Sporting Goods Corporation has a 1-year low of $7.10 and a 1-year high of $20.35. The stock’s 50 day moving average price is $7.65 and its 200-day moving average price is $11.58.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last released its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). The company had revenue of $243.67 million for the quarter, compared to the consensus estimate of $251.03 million. Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. On average, equities research analysts forecast that Big 5 Sporting Goods Corporation will post $0.96 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.39%. The ex-dividend date of this dividend was Wednesday, August 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio is currently 54.55%.

A number of brokerages have commented on BGFV. Zacks Investment Research cut 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 cut 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 research report on Wednesday, August 2nd. TheStreet cut shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Forward View reiterated a “hold” rating and set a $8.00 price target on shares of Big 5 Sporting Goods Corporation in a research report on Sunday, September 3rd. Finally, ValuEngine cut shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $9.00.

Big 5 Sporting Goods Corporation 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.

Institutional Ownership by Quarter for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

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