Jeffrey L. Fraley Sells 3,764 Shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) Stock

Posted by Defense World Staff on Jun 2nd, 2023

Big 5 Sporting Goods Co. (NASDAQ:BGFV – Get Rating) VP Jeffrey L. Fraley sold 3,764 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $7.69, for a total value of $28,945.16. Following the completion of the sale, the vice president now owns 16,075 shares in the company, valued at approximately $123,616.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Big 5 Sporting Goods Price Performance

Shares of NASDAQ BGFV opened at $7.44 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.24 and a current ratio of 1.64. The company has a market cap of $166.61 million, a PE ratio of 9.42 and a beta of 2.73. The business has a 50-day simple moving average of $7.72 and a two-hundred day simple moving average of $9.19. Big 5 Sporting Goods Co. has a fifty-two week low of $6.88 and a fifty-two week high of $15.60.

Big 5 Sporting Goods (NASDAQ:BGFV – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Big 5 Sporting Goods had a return on equity of 6.41% and a net margin of 1.76%. The firm had revenue of $238.31 million during the quarter.

Big 5 Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.44%. The ex-dividend date of this dividend is Wednesday, May 31st. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently 126.58%.

Institutional Trading of Big 5 Sporting Goods

Institutional investors and hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can boosted its stake in Big 5 Sporting Goods by 182.8% during the first quarter. Great West Life Assurance Co. Can now owns 1,459 shares of the company’s stock worth $26,000 after buying an additional 943 shares during the last quarter. BNP Paribas Arbitrage SNC raised its holdings in shares of Big 5 Sporting Goods by 20.7% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 9,893 shares of the company’s stock valued at $106,000 after buying an additional 1,699 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of Big 5 Sporting Goods by 3.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 68,459 shares of the company’s stock valued at $526,000 after buying an additional 2,143 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Big 5 Sporting Goods in the 3rd quarter valued at $26,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Big 5 Sporting Goods by 26.0% in the 3rd quarter. MetLife Investment Management LLC now owns 11,996 shares of the company’s stock valued at $129,000 after buying an additional 2,472 shares during the period. 45.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BGFV has been the topic of a number of recent analyst reports. Lake Street Capital reduced their target price on Big 5 Sporting Goods from $11.00 to $9.50 in a research note on Wednesday, May 3rd. StockNews.com assumed coverage on Big 5 Sporting Goods in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, TheStreet downgraded Big 5 Sporting Goods from a “b-” rating to a “c” rating in a report on Wednesday, March 1st.

About Big 5 Sporting Goods

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Big 5 Sporting Goods Corp. operates as a holding company. The firm engages in the retail of sporting goods. Its products include athletic shoes, apparel and accessories, as well as outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports.