Big 5 Sporting Goods (BGFV) Stock Rating Lowered by ValuEngine

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Big 5 Sporting Goods (NASDAQ:BGFV) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Wednesday, ValuEngine reports.

Several other analysts have also commented on BGFV. Zacks Investment Research raised shares of Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. TheStreet lowered shares of Big 5 Sporting Goods from a “c-” rating to a “d+” rating in a research note on Monday, January 14th.

BGFV stock opened at $2.37 on Wednesday. Big 5 Sporting Goods has a 12 month low of $2.22 and a 12 month high of $9.75. The company has a market cap of $51.25 million, a P/E ratio of -29.63 and a beta of 0.41. The company has a quick ratio of 0.20, a current ratio of 2.16 and a debt-to-equity ratio of 0.40.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its earnings results on Tuesday, April 30th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Big 5 Sporting Goods had a negative net margin of 0.06% and a positive return on equity of 0.81%. The business had revenue of $245.29 million during the quarter, compared to analyst estimates of $246.64 million. Equities analysts predict that Big 5 Sporting Goods will post 0.04 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Big 5 Sporting Goods by 1.4% in the 3rd quarter. BlackRock Inc. now owns 2,945,980 shares of the company’s stock valued at $15,023,000 after acquiring an additional 40,886 shares in the last quarter. Towle & Co. lifted its position in shares of Big 5 Sporting Goods by 86.4% in the 4th quarter. Towle & Co. now owns 2,214,852 shares of the company’s stock valued at $5,736,000 after acquiring an additional 1,026,702 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Big 5 Sporting Goods by 5.3% in the 3rd quarter. Vanguard Group Inc now owns 1,238,540 shares of the company’s stock valued at $6,316,000 after acquiring an additional 62,569 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Big 5 Sporting Goods by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,238,540 shares of the company’s stock valued at $6,316,000 after acquiring an additional 62,569 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Big 5 Sporting Goods by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 580,366 shares of the company’s stock valued at $2,959,000 after acquiring an additional 14,651 shares in the last quarter. Institutional investors and hedge funds own 58.92% of the company’s stock.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection 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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