On August 2, 2023, Lake Street analyst Mark Smith made a significant announcement regarding Big 5 Sporting Goods (NASDAQ:BGFV). In this update, Smith downgraded the company’s rating from Buy to Hold, indicating a change in their previous stance. Moreover, the analyst revealed a new price target of $9.5, which represents a decrease from the previous target of $11.
It is crucial to highlight that the current average one-year price target for Big 5 Sporting Goods stands at $9.50. However, it is essential to understand that analyst ratings and price targets are subjective opinions that can vary among different analysts and firms. Therefore, investors are advised to consider multiple sources of information and conduct their own thorough research before making any investment decisions.
Big 5 Sporting Goods Corporation
Updated on: 03/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Buy
DCF: Strong Buy
12:00 AM (UTC)
Date:02 December, 2023
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Analyzing BGFVs Stock Performance, Valuation, and Outlook for Future Growth in 2023
On August 2, 2023, Big 5 Sporting Goods Corporation’s (BGFV) stock opened at $9.49, slightly higher than the previous day’s closing price of $9.35. Throughout the trading day, the stock experienced a range of $9.31 to $9.53. The volume of shares traded was 14,140, significantly lower than the average volume of 255,890 shares over the past three months. The market capitalization of BGFV stood at $209.6 million.
BGFV has witnessed a decline in earnings growth over the past year, with a decrease of 74.43%. This negative trend continues into the current year, with earnings growth down by 76.03%. However, there is a positive outlook for the future, as analysts forecast a 6.20% earnings growth over the next five years.
The revenue growth of BGFV has also experienced a decline, with a decrease of 14.31% in the past year. However, it is worth noting that BGFV operates in the retail trade sector, specifically in the specialty stores industry. This sector can be highly competitive, and fluctuations in revenue growth are not uncommon.
BGFV has a P/E ratio of 11.8, which suggests that investors are willing to pay $11.8 for every dollar of earnings. A lower P/E ratio indicates that the stock may be undervalued, while a higher ratio may suggest an overvaluation.
BGFV has a P/S ratio of 0.20, indicating that investors are paying $0.20 for every dollar of sales. The P/B ratio stands at 0.77, implying that investors are paying $0.77 for every dollar of the company’s net assets. These ratios suggest that BGFV may be undervalued based on its sales and book value.
BGFV’s next reporting date is scheduled for October 31, 2023. Analysts are forecasting an earnings per share (EPS) of $0.22 for the current quarter. In the previous year, BGFV reported an annual revenue of $995.5 million and a profit of $26.1 million, resulting in a net profit margin of 2.63%.
In summary, on August 2, 2023, BGFV’s stock showed a slight increase in its opening price compared to the previous day. The stock experienced a narrow trading range and lower-than-average trading volume. The company’s earnings and revenue growth have declined in the past year, but analysts expect a positive earnings growth in the next five years. The stock’s valuation metrics suggest that it may be undervalued. Investors should closely monitor BGFV’s financial performance and market trends to make informed investment decisions.
Big 5 Sporting Goods Corp (BGFV) Stock Forecast: Analysts Predict 1.66% Increase in Target Price
On August 2, 2023, Big 5 Sporting Goods Corp (BGFV) stock performed with a median target price of $9.50, according to one analyst offering a 12-month price forecast. This target price represents a 1.66% increase from the last price of $9.35. The consensus among one polled investment analyst is to buy stock in Big 5 Sporting Goods Corp. This rating has remained steady since February, indicating a positive sentiment towards the company’s performance. The current quarter earnings per share for Big 5 Sporting Goods Corp is $0.22, with sales amounting to $244.2 million. The reporting date for these figures is October 31.