Big 5 Sporting Goods (NASDAQ: BGFV) was previously recommended as a “hold” investment strategy by the investment analysts at StockNews.com; however, in a note that was sent out to investors on Monday, the analysts advised investors to “buy” shares of the company.
In a report made available to the public on November 1, Big 5 Sporting Goods (NASDAQ: BGFV) discussed the company’s performance. The company reported $0.29 per share earnings for the quarter, which is $0.02 more than the average projection made by analysts, which was $0.27 per share. Big 5 Sporting Goods had a return on equity of 16.43 percent, and the company’s net margin was 4.3 percent. [Citation needed] [Citation needed] During the period under consideration, the company generated total revenue of 261.45 million dollars.
In other news, on November 28, the company director Jennifer Holden Dunbar made a transaction in which she sold 2,000 shares of the company’s stock. This transaction took place at the beginning of this month. The transaction involved the sale of the shares at an average price of $12.70 per share, which resulted in a total sale volume of $25,400.00. Following the completion of the transaction, the director will have a total of 14,143 shares of the company, each of which will be worth $179,616.10 at the current market price. If you go to the website of the SEC, you should be able to find a legal file there that details the transaction in greater detail. Jeffrey L. Fraley, Vice President of Big 5 Sporting Goods, sold 3,268 shares of the company’s stock on November 3. This is merely one piece of information released about the company. The shares were sold on the open market for a total price of $40,131.04, which works out to $12.28 per share when divided by the number of shares sold. As a result of the successful completion of the transaction, the vice president now owns 13,775 shares of company stock. Based on the current market price, these shares are approximately worth $169,157. This page contains the filing containing the information about the transaction provided to the Securities and Exchange Commission (SEC). You can access the filing by clicking here. In addition, on November 28, the director Jennifer Holden Dunbar sold 2,000 of the company’s shares of stock. After the completion of the sale, the director is now the owner of 14,143 shares in the company. Based on the current market price, these shares have a value of approximately $179,616.10. With an average price of $12.70 per share, the sale of the shares resulted in a total value of $25,400.00 for the transaction. Disclosures that are related to the sale might be found in this section of the website. Corporate insiders own approximately 4.90% of the company’s total outstanding shares.
The NASDAQ BGFV experienced a decrease of $0.50, bringing its price down to $9.56 during the trading session that began at noon on Monday. Only 493,797 shares of the company’s stock were traded during the session, significantly less than the stock’s daily average volume of 670,019 shares. The stock price of Big 5 Sporting Goods hit a one-year low of $9.54 and a one-year high of $21.40 during the same period. When this article was written, the company’s 50-day and 200-day simple moving averages were 11.93 dollars. These figures were taken from the company’s historical data. Both the price-to-earnings ratio of the stock, which is 4.78, and the company’s beta value, which is 2.48, are very high. The market value of the stock is 212.08 million dollars. There is a current ratio of 1.61, a quick ratio of 0.26, and a debt-to-equity ratio of 0.02. Current ratio: 1.61; quick ratio: 0.26; debt-to-equity ratio: 0.02. There are examples of each of these ratios.
Recent events have resulted in several institutional investors increasing or decreasing the total number of shares in which they are currently vested. Vanguard Group Inc. increased the amount of Big 5 Sporting Goods stock owned by 2.0% over the year’s first three months. After making an additional purchase of 21,192 shares during the most recent quarter, Vanguard Group Inc. now has a total ownership stake in the company equal to 1,102,764 shares, currently valued at $18,913,000. This brings the company’s total number of shares to 1,102,764. A 6.2% increase in the proportion of Big 5 Sporting Goods stock that State Street Corporation owned as of the end of the first quarter was achieved by this company. After making an additional purchase of 42,894 shares during the most recent quarter, State Street Corp. now directly owns 733,624 shares, which have a value of $12,582,000. This brings the total number of shares directly owned by the company to 733,624. Goldman Sachs Group Inc. increased the proportion of Big 5 Sporting Goods shares that it owned by 590 percentage points over the second quarter. Goldman Sachs Group Inc. now has a total of 459,766 shares of the company’s stock, which has a market value of $5,154,000, thanks to the purchase of an additional 170,545 shares during the most recent fiscal quarter. These newly acquired shares bring the company’s overall holdings to $5,154,000. The holdings of Big 5 sporting goods by the Bank of New York Mellon Corporation increased by 0.8% during the third quarter of the fiscal year. Following the purchase of 3,688 additional shares during the most recent quarter, Bank of New York Mellon Corp. now directly owns 450,113 shares in the company, which have a value of $4,835,000. This is because the company acquired additional shares. In addition, during the third quarter, Cambria Investment Management L.P. increased the percentage of Big 5 Sporting Goods stock that it held by 8.4% from the previous quarter. Following the acquisition of 26,370 additional shares during the most recent quarter, Cambria Investment Management L.P. now holds 341,771 shares of the corporation’s stock in its portfolio. Currently, one share of the company’s stock is worth $3,671,000. At present, institutions own a total of 47.15 percent of the equity in the company.
The sporting goods retailer Big 5 Sporting Goods Corporation has locations across the western part of the United States to better serve its customers. The company’s primary focus is the wholesale distribution of athletic footwear, apparel, and accessories. In addition, it sells items for activities such as team sports, fitness, tennis, golf, hunting, fishing, camping, and other athletic and outdoor pursuits. Additionally, it sells items for both indoor and outdoor forms of entertainment.