Stock Worth Watching: What’s Big 5 Sporting Goods Corporation Upside After Making 52-Week High?

Stock Worth Watching: What's Big 5 Sporting Goods Corporation Upside After Making 52 Week High?

The stock of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) hit a new 52-week high and has $34.07 target or 77.00% above today’s $19.25 share price. The 5 months bullish chart indicates low risk for the $437.61 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $34.07 price target is reached, the company will be worth $336.96 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 291,828 shares traded hands. Big 5 Sporting Goods Corporation (NASDAQ:BGFV) has risen 75.44% since April 11, 2016 and is uptrending. It has outperformed by 69.29% the S&P500.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Ratings Coverage

Out of 2 analysts covering Big 5 Sporting Goods Corp (NASDAQ:BGFV), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Big 5 Sporting Goods Corp has been the topic of 6 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, October 6 by Deutsche Bank. The company was maintained on Wednesday, October 28 by Deutsche Bank. The stock of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) earned “Buy” rating by Deutsche Bank on Wednesday, November 2. The company was upgraded on Monday, February 8 by Stifel Nicolaus.

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 “Big 5 Sporting Goods.””

Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.29, from 1.27 in 2016Q1. The ratio fall, 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.
Invesco last reported 0% of its portfolio in the stock. Credit Suisse Ag last reported 0% of its portfolio in the stock. Gsa Cap Prns Llp has invested 0.12% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV). Morgan Stanley last reported 80,163 shares in the company. Barclays Public Ltd Limited Liability Company last reported 33 shares in the company. Capstone Asset Management Communications holds 29,150 shares or 0.01% of its portfolio. Schwab Charles Mgmt has 32,284 shares for 0% of their US portfolio. State Of Tennessee Treasury Department reported 14,338 shares or 0% of all its holdings. Moreover, National Bank Of Montreal Can has 0% invested in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 949 shares. Vanguard Grp, a Pennsylvania-based fund reported 879,828 shares. Moreover, Bridgeway Capital Management has 0.04% invested in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 266,148 shares. Stadium Cap Management Ltd Liability owns 2.89M shares or 8.67% of their US portfolio. Strs Ohio owns 67,600 shares or 0% of their US portfolio. Moreover, Pacific Ridge Cap Prns Limited Co has 1.81% invested in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 431,290 shares. Essex Inv Mgmt Co Ltd Liability Com accumulated 0.08% or 50,528 shares.

Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 33 selling transactions for $19.57 million net activity. 1,547 shares with value of $20,003 were sold by FRALEY JEFFREY L on Monday, August 8. The insider MILLER STEVEN G sold $528,900. The insider STADIUM CAPITAL MANAGEMENT LLC sold $1.34 million. Starr Shane O also sold $19,763 worth of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) on Friday, August 5. 96,725 shares with value of $1.22M were sold by STADIUM CAPITAL PARTNERS L P on Thursday, August 4. Another trade for 15,000 shares valued at $255,000 was sold by Clark Boyd O. STADIUM CAPITAL QUALIFIED PARTNERS LP had sold 3,669 shares worth $47,738.

More notable recent Big 5 Sporting Goods Corporation (NASDAQ:BGFV) news were published by: Foxbusiness.com which released: “Why Big 5 Sporting Goods Corporation Stock Surged 14% Last Month” on November 05, 2016, also Nasdaq.com with their article: “Zacks.com featured highlights: Big 5 Sporting Goods, Alliance Resource …” published on November 11, 2016, Thestreet.com published: “Commit To Buy Big 5 Sporting Goods Corp At $12.50, Earn 15.8% Annualized Using …” on September 13, 2016. More interesting news about Big 5 Sporting Goods Corporation (NASDAQ:BGFV) were released by: Seekingalpha.com and their article: “Big 5 Rally Should Not Be Bought” published on November 09, 2016 as well as Globenewswire.com‘s news article titled: “Big 5 Sporting Goods Corporation Announces Fiscal 2016 Second Quarter Results” with publication date: August 02, 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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