Adams Asset Advisors LLC purchased a new stake in Big 5 Sporting Goods Co. (NASDAQ:BGFV) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 165,959 shares of the company’s stock, valued at approximately $1,261,000. Adams Asset Advisors LLC owned approximately 0.77% of Big 5 Sporting Goods 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 BGFV. GMT Capital Corp acquired a new stake in Big 5 Sporting Goods in the 3rd quarter valued at $4,566,000. Koch Industries Inc. increased its holdings in Big 5 Sporting Goods by 1,905.8% in the 2nd quarter. Koch Industries Inc. now owns 278,723 shares of the company’s stock valued at $259,000 after purchasing an additional 264,827 shares in the last quarter. Navellier & Associates Inc acquired a new stake in shares of Big 5 Sporting Goods during the second quarter valued at about $3,255,000. Goldman Sachs Group Inc. grew its stake in shares of Big 5 Sporting Goods by 176.1% during the second quarter. Goldman Sachs Group Inc. now owns 373,793 shares of the company’s stock valued at $4,878,000 after acquiring an additional 238,398 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Big 5 Sporting Goods by 36.8% during the second quarter. Ameriprise Financial Inc. now owns 687,768 shares of the company’s stock valued at $8,976,000 after acquiring an additional 185,019 shares in the last quarter.
Several brokerages have recently weighed in on BGFV. Zacks Investment Research upgraded Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine downgraded Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Big 5 Sporting Goods presently has a consensus rating of “Hold” and a consensus price target of $8.67.
In other news, Director Van B. Honeycutt purchased 43,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was acquired at an average cost of $7.26 per share, for a total transaction of $312,180.00. Following the completion of the purchase, the director now owns 18,600 shares of the company’s stock, valued at $135,036. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.90% of the stock is currently owned by company insiders.
Shares of Big 5 Sporting Goods Co. (BGFV) traded down $0.20 during trading on Thursday, hitting $6.15. The stock had a trading volume of 1,121,216 shares, compared to its average volume of 2,043,500. The company has a quick ratio of 0.16, a current ratio of 2.07 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $131.78, a P/E ratio of 6.15 and a beta of -0.07. Big 5 Sporting Goods Co. has a 12 month low of $6.00 and a 12 month high of $17.10.
Big 5 Sporting Goods (NASDAQ:BGFV) last announced its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $270.47 million during the quarter, compared to the consensus estimate of $272.27 million. Big 5 Sporting Goods had a return on equity of 10.37% and a net margin of 2.11%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. sell-side analysts expect that Big 5 Sporting Goods Co. will post 0.88 earnings per share for the current year.
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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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