Big 5 Sporting Goods Co. Announces Quarterly Dividend of $0.15 (NASDAQ:BGFV)

Big 5 Sporting Goods Co. (NASDAQ:BGFV) declared a quarterly dividend on Wednesday, February 28th, Wall Street Journal reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.15 per share on Friday, March 23rd. This represents a $0.60 annualized dividend and a yield of 8.28%. The ex-dividend date is Thursday, March 8th.

NASDAQ:BGFV traded up $0.05 during trading on Thursday, hitting $7.25. 407,896 shares of the stock traded hands, compared to its average volume of 1,202,800. Big 5 Sporting Goods has a twelve month low of $5.05 and a twelve month high of $17.10. The company has a market cap of $147.84, a P/E ratio of 241.75 and a beta of -0.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 0.20.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $242.89 million during the quarter, compared to the consensus estimate of $262.18 million. Big 5 Sporting Goods had a net margin of 0.11% and a return on equity of 5.97%. The company’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. analysts expect that Big 5 Sporting Goods will post 0.56 earnings per share for the current fiscal year.

In other Big 5 Sporting Goods news, Director Van B. Honeycutt acquired 11,000 shares of Big 5 Sporting Goods stock in a transaction that occurred on Thursday, March 1st. The shares were bought at an average price of $6.00 per share, with a total value of $66,000.00. Following the completion of the purchase, the director now directly owns 18,600 shares in the company, valued at approximately $111,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Van B. Honeycutt acquired 5,000 shares of Big 5 Sporting Goods stock in a transaction that occurred on Wednesday, March 7th. The stock was acquired at an average cost of $6.49 per share, for a total transaction of $32,450.00. Following the purchase, the director now owns 18,600 shares of the company’s stock, valued at $120,714. The disclosure for this purchase can be found here. Insiders have bought 79,000 shares of company stock valued at $506,390 over the last quarter. Company insiders own 7.90% of the company’s stock.

Several research analysts have recently issued reports on BGFV shares. ValuEngine downgraded shares of Big 5 Sporting Goods from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of Big 5 Sporting Goods from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Big 5 Sporting Goods presently has a consensus rating of “Hold” and a consensus price target of $8.67.

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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.

Dividend History for Big 5 Sporting Goods (NASDAQ:BGFV)

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