The stock of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) hit a new 52-week high and has $26.03 target or 71.00% above today’s $15.22 share price. The 8 months bullish chart indicates low risk for the $334.49M company. The 1-year high was reported on Oct, 6 by Barchart.com. If the $26.03 price target is reached, the company will be worth $237.49 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 304,335 shares traded hands or 54.79% up from the average. Big 5 Sporting Goods Corporation (NASDAQ:BGFV) has risen 15.10% since March 3, 2016 and is uptrending. It has outperformed by 6.76% the S&P500.
Analysts await Big 5 Sporting Goods Corporation (NASDAQ:BGFV) to report earnings on October, 25. They expect $0.28 EPS, 0.00% or $0.00 from last year’s $0.28 per share. BGFV’s profit will be $6.15M for 13.59 P/E if the $0.28 EPS becomes a reality. After $0.11 actual EPS reported by Big 5 Sporting Goods Corporation for the previous quarter, Wall Street now forecasts 154.55% EPS growth.
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Ratings Coverage
Out of 2 analysts covering Big 5 Sporting Goods Corp (NASDAQ:BGFV), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $14.50 is the highest target while $9 is the lowest. The $11.83 average target is -22.27% below today’s ($15.22) stock price. Big 5 Sporting Goods Corp has been the topic of 4 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Monday, February 8, the company rating was upgraded by Stifel Nicolaus. Deutsche Bank maintained Big 5 Sporting Goods Corporation (NASDAQ:BGFV) rating on Wednesday, October 28. Deutsche Bank has “Hold” rating and $9 price target.
According to Zacks Investment Research, “Big 5 Sporting Goods is a leading sporting goods retailer in the western United States, operating stores under the name Â“Big 5 Sporting Goods.Â””
Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.29, from 1.27 in 2016Q1. The ratio dived, as 20 funds sold all Big 5 Sporting Goods Corporation shares owned while 27 reduced positions. 8 funds bought stakes while 38 increased positions. They now own 16.37 million shares or 3.66% less from 16.99 million shares in 2016Q1.
Deutsche State Bank Ag holds 40,068 shares or 0% of its portfolio. The Ontario – Canada-based Royal State Bank Of Canada has invested 0% in Big 5 Sporting Goods Corporation (NASDAQ:BGFV). Rhumbline Advisers holds 0% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 32,056 shares. Morgan Stanley holds 0% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 80,163 shares. Blackrock Fund, a California-based fund reported 1.23 million shares. California Public Employees Retirement System holds 0% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 128,800 shares. Landscape Capital Mgmt Lc last reported 10,368 shares in the company. Bank & Trust Of America Corp De holds 0% or 22,916 shares in its portfolio. Citigroup Inc accumulated 0% or 21,641 shares. Barclays Plc reported 33 shares or 0% of all its holdings. New York State Teachers Retirement System has 51,802 shares for 0% of their US portfolio. Essex Inv Ltd Liability accumulated 0.08% or 50,528 shares. Teton Advsr last reported 287,500 shares in the company. Gamco Investors Et Al has invested 0.03% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV). Moreover, Pub Sector Pension Board has 0% invested in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 12,918 shares.
Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 23 sales for $8.08 million net activity. Shares for $201,829 were sold by STADIUM CAPITAL PARTNERS L P on Wednesday, August 24. $1.34 million worth of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) was sold by STADIUM CAPITAL MANAGEMENT LLC. MEADE GARY S had sold 1,896 shares worth $24,458 on Monday, August 8. STADIUM CAPITAL QUALIFIED PARTNERS LP also sold $23,767 worth of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) on Friday, August 12. $20,003 worth of shares were sold by FRALEY JEFFREY L on Monday, August 8. 1,550 shares were sold by Starr Shane O, worth $19,763.
More important recent Big 5 Sporting Goods Corporation (NASDAQ:BGFV) news were published by: Thestreet.com which released: “Commit To Buy Big 5 Sporting Goods Corp At $12.50, Earn 15.8% Annualized Using …” on September 13, 2016, also Fool.com published article titled: “Why Shares of Big 5 Sporting Goods Corp. Slumped Today”, Money.Cnn.com published: “Big 5 Sporting Goods Corporation Announces Fiscal 2015 Fourth Quarter and Full …” on January 14, 2016. More interesting news about Big 5 Sporting Goods Corporation (NASDAQ:BGFV) was released by: Nasdaq.com and their article: “Big 5 Sporting Goods Corporation (BGFV) Ex-Dividend Date Scheduled for August …” with publication date: August 29, 2016.
BGFV Company Profile
Big 5 Sporting Goods Corporation, incorporated on October 31, 1997, is a sporting goods retailer in the western United States. The Firm offers a range of products in a sporting goods store format that averages approximately 11,000 square feet. The Firm 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. The Firm purchases merchandise from sporting goods equipment manufacturers, athletic footwear manufacturers and apparel manufacturers. It offers products of brands, such as adidas, Crocs, Franklin, JanSport, Rawlings, Spalding, Asics, Crosman, Head, Lifetime, Razor, Speedo, Bearpaw, Dickies, Heelys, Mizuno, Rollerblade, Timex, Bushnell, Easton, Hillerich & Bradsby, Mossberg and Russell Athletic.
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