Big 5 Sporting Goods Corporation (NASDAQ:BGFV) announced its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28, Briefing.com reports. Big 5 Sporting Goods Corporation had a return on equity of 10.37% and a net margin of 2.11%. The firm had revenue of $270.47 million during the quarter, compared to the consensus estimate of $272.27 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Big 5 Sporting Goods Corporation updated its Q4 guidance to $0.16-0.28 EPS.
Shares of Big 5 Sporting Goods Corporation (BGFV) traded up $0.25 during trading hours on Friday, hitting $6.50. 863,000 shares of the stock traded hands, compared to its average volume of 768,466. The company has a quick ratio of 0.16, a current ratio of 2.07 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $133.92, a P/E ratio of 6.38, a PEG ratio of 0.79 and a beta of -0.24. Big 5 Sporting Goods Corporation has a 52 week low of $6.00 and a 52 week high of $20.35.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.23%. The ex-dividend date of this dividend is Thursday, November 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is currently 60.00%.
A number of equities analysts have recently issued reports on the company. ValuEngine cut Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Deutsche Bank AG cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $10.00 in a research note on Wednesday, August 2nd. Zacks Investment Research lowered Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Forward View reiterated a “hold” rating and set a $11.00 target price on shares of Big 5 Sporting Goods Corporation in a report on Tuesday, August 8th. Finally, TheStreet lowered Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Big 5 Sporting Goods Corporation presently has a consensus rating of “Hold” and an average price target of $9.00.
In other news, Director Van B. Honeycutt purchased 48,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were acquired at an average price of $7.71 per share, with a total value of $370,080.00. Following the completion of the transaction, the director now owns 18,600 shares of the company’s stock, valued at approximately $143,406. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.90% of the company’s stock.
About Big 5 Sporting Goods Corporation
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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