Big 5 Sporting Goods (NASDAQ:BGFV) Lowered to Sell at StockNews.com

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

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

Big 5 Sporting Goods Stock Down 2.1 %

Shares of NASDAQ BGFV opened at $3.33 on Wednesday. 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 company has a 50-day moving average price of $4.52 and a 200-day moving average price of $5.67. The stock has a market capitalization of $74.73 million, a P/E ratio of -10.09 and a beta of 2.35. Big 5 Sporting Goods has a 1 year low of $3.27 and a 1 year high of $9.99.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced 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 business had revenue of $196.35 million during the quarter. Big 5 Sporting Goods had a negative net margin of 0.80% and a negative return on equity of 2.77%.

Big 5 Sporting Goods Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.05 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.20 annualized dividend and a yield of 6.01%. Big 5 Sporting Goods’s dividend payout ratio (DPR) is -60.61%.

Hedge Funds Weigh In On Big 5 Sporting Goods

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can lifted its holdings 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 acquiring an additional 943 shares during the period. FMR LLC raised its stake in shares of Big 5 Sporting Goods by 1,561.0% during the 1st quarter. FMR LLC now owns 3,405 shares of the company’s stock worth $26,000 after purchasing an additional 3,200 shares during the period. State of Wyoming purchased a new position in shares of Big 5 Sporting Goods in the 2nd quarter worth about $34,000. Covestor Ltd bought a new position in Big 5 Sporting Goods during the first quarter valued at about $65,000. Finally, Tower Research Capital LLC TRC increased its holdings in Big 5 Sporting Goods by 424.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,606 shares of the company’s stock worth $39,000 after buying an additional 4,537 shares during the last quarter. Hedge funds and other institutional investors own 41.98% 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. 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.