Price Action Report: How Analysts Feel About Big 5 Sporting Goods Corporation After Achieving 52-Week High?

Price Action Report: How Analysts Feel About Big 5 Sporting Goods Corporation After Achieving 52 Week High?

The stock of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) hit a new 52-week high and has $32.82 target or 67.00% above today’s $19.65 share price. The 9 months bullish chart indicates low risk for the $420.56M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $32.82 price target is reached, the company will be worth $281.78M 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 103,118 shares traded hands. Big 5 Sporting Goods Corporation (NASDAQ:BGFV) has risen 73.78% since April 19, 2016 and is uptrending. It has outperformed by 69.92% 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. $18 is the highest target while $9 is the lowest. The $14.83 average target is -24.53% below today’s ($19.65) stock price. Big 5 Sporting Goods Corp has been the topic of 6 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Monday, February 8, the company rating was upgraded by Stifel Nicolaus. The firm has “Buy” rating by Deutsche Bank given on Wednesday, November 2. Deutsche Bank maintained Big 5 Sporting Goods Corporation (NASDAQ:BGFV) rating on Wednesday, October 28. Deutsche Bank has “Hold” rating and $9 price target. Deutsche Bank upgraded Big 5 Sporting Goods Corporation (NASDAQ:BGFV) rating on Thursday, October 6. Deutsche Bank has “Buy” rating and $16.50 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 “Big 5 Sporting Goods.””

Insitutional Activity: The institutional sentiment increased to 1.74 in Q2 2016. Its up 0.76, from 0.98 in 2016Q1. The ratio is positive, 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.
Stadium Capital Management Lc owns 2.89M shares or 8.67% of their US portfolio. Renaissance Techs Limited Co reported 269,700 shares or 0% of all its holdings. Strs Ohio has 0% invested in the company for 67,600 shares. American International holds 13,315 shares or 0% of its portfolio. Blackrock Grp Inc Limited reported 16,739 shares or 0% of all its holdings. Paradigm Asset Mngmt Limited Liability Company accumulated 2,400 shares or 0% of the stock. National Bank & Trust Of America De holds 22,916 shares or 0% of its portfolio. Capstone Asset has 29,150 shares for 0.01% of their US portfolio. Ny State Teachers Retirement Systems holds 0% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 51,802 shares. Ls Lc reported 613 shares or 0% of all its holdings. Aqr Capital Management Ltd Liability Co, a Connecticut-based fund reported 226,071 shares. The Massachusetts-based Essex Investment Co Llc has invested 0.08% in Big 5 Sporting Goods Corporation (NASDAQ:BGFV). Pinebridge Investments Lp holds 0% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 2,170 shares. Blackrock Advisors Limited Liability Corporation has 0% invested in the company for 8,035 shares. Deprince Race And Zollo Incorporated holds 0.08% or 408,926 shares in its portfolio.

Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 43 sales for $31.80 million net activity. FRALEY JEFFREY L sold 1,547 shares worth $20,003. HONEYCUTT VAN B sold $287,000 worth of stock. STADIUM CAPITAL MANAGEMENT LLC sold $1.34M worth of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) on Thursday, August 4. On Friday, November 11 the insider EMERSON BARRY sold $78,185. 1,542 shares with value of $19,758 were sold by STADIUM CAPITAL QUALIFIED PARTNERS LP on Wednesday, August 24. STADIUM CAPITAL PARTNERS L P sold $1.04M worth of stock. On Monday, August 8 the insider MEADE GARY S sold $24,458.

More notable recent Big 5 Sporting Goods Corporation (NASDAQ:BGFV) news were published by: Fool.com which released: “Why Big 5 Sporting Goods Corporation Stock Surged 14% Last Month” on November 05, 2016, also Money.Cnn.com with their article: “Big 5 Sporting Goods Corporation Announces Fiscal 2015 Fourth Quarter and Full …” published on January 14, 2016, Globenewswire.com published: “Big 5 Sporting Goods Corporation Announces Fiscal 2016 Second Quarter Results” on August 02, 2016. More interesting news about Big 5 Sporting Goods Corporation (NASDAQ:BGFV) were released by: Zacks.com and their article: “Surging Earnings Estimates Signal Good News for Big 5 Sporting Goods (BGFV)” published on November 10, 2016 as well as Globenewswire.com‘s news article titled: “Big 5 Sporting Goods Corporation Announces Fiscal 2015 Fourth Quarter and Full …” with publication date: March 01, 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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