Big 5 Sporting Goods Co. (NASDAQ:BGFV) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 5,090,000 shares, an increase of 17.8% from the September 15th total of 4,320,000 shares. Currently, 27.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,870,000 shares, the days-to-cover ratio is currently 2.7 days.
Shares of Big 5 Sporting Goods stock opened at $8.26 on Thursday. The company has a market cap of $180.90 million, a PE ratio of 13.32 and a beta of 2.33. Big 5 Sporting Goods has a 52 week low of $0.65 and a 52 week high of $9.72. The business has a 50 day moving average price of $6.97 and a 200-day moving average price of $3.91. The company has a quick ratio of 0.19, a current ratio of 1.48 and a debt-to-equity ratio of 0.21.
Big 5 Sporting Goods (NASDAQ:BGFV) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.14). The company had revenue of $227.94 million during the quarter. Big 5 Sporting Goods had a return on equity of 6.11% and a net margin of 1.39%.
In related news, VP Jeffrey L. Fraley sold 4,062 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $6.32, for a total transaction of $25,671.84. Following the transaction, the vice president now directly owns 10,275 shares of the company’s stock, valued at approximately $64,938. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Ritholtz Wealth Management raised its stake in shares of Big 5 Sporting Goods by 72.5% in the second quarter. Ritholtz Wealth Management now owns 33,664 shares of the company’s stock worth $65,000 after purchasing an additional 14,153 shares during the last quarter. Investors Research Corp raised its stake in shares of Big 5 Sporting Goods by 100.0% in the second quarter. Investors Research Corp now owns 44,990 shares of the company’s stock worth $68,000 after purchasing an additional 22,495 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Big 5 Sporting Goods by 157.5% during the second quarter. Goldman Sachs Group Inc. now owns 41,790 shares of the company’s stock valued at $81,000 after acquiring an additional 25,562 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Big 5 Sporting Goods during the first quarter valued at approximately $54,000. Finally, Bridgeway Capital Management Inc. increased its position in shares of Big 5 Sporting Goods by 31.9% during the second quarter. Bridgeway Capital Management Inc. now owns 584,600 shares of the company’s stock valued at $1,134,000 after acquiring an additional 141,400 shares during the last quarter. 30.89% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on BGFV shares. Lake Street Capital started coverage on Big 5 Sporting Goods in a research note on Wednesday. They set a “buy” rating and a $15.00 price target on the stock. TheStreet raised Big 5 Sporting Goods from a “d” rating to a “c” rating in a research note on Wednesday, July 29th.
Big 5 Sporting Goods Company Profile
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection 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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