Big 5 Sporting Goods (NASDAQ:BGFV - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Wednesday.
Separately, TheStreet cut Big 5 Sporting Goods from a "c" rating to a "d+" rating in a research report on Wednesday, February 28th.
Read Our Latest Research Report on Big 5 Sporting Goods
Big 5 Sporting Goods Stock Down 2.6 %
Shares of NASDAQ:BGFV traded down $0.08 during trading on Wednesday, hitting $3.03. The company's stock had a trading volume of 279,967 shares, compared to its average volume of 409,787. Big 5 Sporting Goods has a fifty-two week low of $3.01 and a fifty-two week high of $9.99. The business has a 50 day moving average price of $4.15 and a two-hundred day moving average price of $5.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 1.63. The company has a market capitalization of $67.99 million, a PE ratio of -9.18 and a beta of 2.35.
Big 5 Sporting Goods (NASDAQ:BGFV - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported ($0.41) EPS 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%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Big 5 Sporting Goods by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,139,494 shares of the company's stock worth $7,224,000 after purchasing an additional 4,153 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Big 5 Sporting Goods by 51.6% in the 4th quarter. GSA Capital Partners LLP now owns 149,787 shares of the company's stock valued at $950,000 after purchasing an additional 50,995 shares during the period. Barclays PLC grew its stake in Big 5 Sporting Goods by 382.0% during the 4th quarter. Barclays PLC now owns 35,992 shares of the company's stock worth $228,000 after buying an additional 28,525 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Big 5 Sporting Goods by 6.2% during the 4th quarter. Nuveen Asset Management LLC now owns 60,579 shares of the company's stock worth $384,000 after buying an additional 3,549 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in Big 5 Sporting Goods by 12.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 220,000 shares of the company's stock worth $1,395,000 after buying an additional 25,000 shares during the period. 41.98% of the stock is owned by hedge funds and other institutional investors.
About Big 5 Sporting Goods
(
Get Free Report)
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.
Further Reading
Before you consider Big 5 Sporting Goods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Big 5 Sporting Goods wasn't on the list.
While Big 5 Sporting Goods currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
