Big 5 Sporting Goods (NASDAQ:BGFV) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a sell rating to a hold rating in a research note released on Friday.

Separately, TheStreet downgraded shares of Big 5 Sporting Goods from a c rating to a d+ rating in a report on Wednesday, February 28th.

Big 5 Sporting Goods Price Performance

Shares of BGFV opened at $3.47 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.63 and a quick ratio of 0.18. The stock’s 50 day moving average is $3.90 and its two-hundred day moving average is $5.26. Big 5 Sporting Goods has a 12 month low of $3.00 and a 12 month high of $9.99.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.02). The company had revenue of $196.35 million for the quarter. Big 5 Sporting Goods had a negative return on equity of 2.77% and a negative net margin of 0.80%.

Big 5 Sporting Goods Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.05 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.20 dividend on an annualized basis and a yield of 5.77%. Big 5 Sporting Goods’s payout ratio is currently -60.61%.

Institutional Investors Weigh In On Big 5 Sporting Goods

A number of institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. acquired a new stake in Big 5 Sporting Goods in the 4th quarter valued at approximately $68,000. SG Americas Securities LLC purchased a new position in shares of Big 5 Sporting Goods in the 4th quarter valued at about $74,000. Stratos Wealth Advisors LLC acquired a new position in shares of Big 5 Sporting Goods during the third quarter worth about $79,000. Gabelli Funds LLC increased its stake in shares of Big 5 Sporting Goods by 135.3% during the third quarter. Gabelli Funds LLC now owns 40,000 shares of the company’s stock worth $280,000 after buying an additional 23,000 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in Big 5 Sporting Goods in the fourth quarter valued at approximately $372,000. 41.98% of the stock is currently owned by institutional investors and hedge funds.

Big 5 Sporting Goods Company Profile

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.