Comerica Bank increased its position in shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,916 shares of the company’s stock after buying an additional 1,027 shares during the period. Comerica Bank owned approximately 0.09% of Big 5 Sporting Goods worth $305,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. acquired a new position in shares of Big 5 Sporting Goods during the fourth quarter worth about $408,000. Russell Investments Group Ltd. acquired a new position in shares of Big 5 Sporting Goods during the fourth quarter worth about $7,750,000. Acrospire Investment Management LLC acquired a new position in shares of Big 5 Sporting Goods during the third quarter worth about $121,000. Matarin Capital Management LLC acquired a new position in shares of Big 5 Sporting Goods during the third quarter worth about $300,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Big 5 Sporting Goods during the third quarter worth about $387,000. Institutional investors and hedge funds own 87.32% of the company’s stock.
Shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) traded up 3.62% during mid-day trading on Thursday, hitting $15.75. 408,304 shares of the stock were exchanged. Big 5 Sporting Goods Co. has a 52 week low of $8.15 and a 52 week high of $20.35. The stock’s 50-day moving average is $15.14 and its 200-day moving average is $16.30. The stock has a market capitalization of $341.10 million, a price-to-earnings ratio of 20.45 and a beta of 0.42.
Big 5 Sporting Goods (NASDAQ:BGFV) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The firm earned $266.30 million during the quarter, compared to analyst estimates of $269.99 million. Big 5 Sporting Goods had a net margin of 1.31% and a return on equity of 7.88%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. Analysts forecast that Big 5 Sporting Goods Co. will post $1.10 earnings per share for the current fiscal year.
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BGFV has been the topic of a number of analyst reports. Forward View set a $18.00 target price on shares of Big 5 Sporting Goods and gave the stock a “buy” rating in a research report on Thursday, January 19th. Zacks Investment Research downgraded shares of Big 5 Sporting Goods from a “strong-buy” rating to a “hold” rating in a report on Monday, January 9th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Big 5 Sporting Goods has a consensus rating of “Buy” and an average target price of $16.70.
In other news, Director Van B. Honeycutt sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $15.02, for a total value of $105,140.00. Following the completion of the sale, the director now directly owns 14,400 shares in the company, valued at approximately $216,288. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.90% of the company’s stock.
About Big 5 Sporting Goods
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.
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