Big 5 Sporting Goods (NASDAQ:BGFV) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a hold rating to a sell rating in a research note released on Wednesday.

Separately, TheStreet cut Big 5 Sporting Goods from a c rating to a d+ rating in a report on Wednesday, February 28th.

Big 5 Sporting Goods Stock Performance

Big 5 Sporting Goods stock opened at $3.09 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 1.63. The stock has a fifty day moving average of $4.07 and a two-hundred day moving average of $5.37. The company has a market capitalization of $69.34 million, a price-to-earnings ratio of -9.36 and a beta of 2.35. Big 5 Sporting Goods has a fifty-two week low of $3.00 and a fifty-two week high of $9.99.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.02). The company had revenue of $196.35 million for the quarter. Big 5 Sporting Goods had a negative return on equity of 2.77% and a negative net margin of 0.80%.

Big 5 Sporting Goods Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend was Thursday, March 7th. Big 5 Sporting Goods’s payout ratio is currently -60.61%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its holdings in Big 5 Sporting Goods by 182.8% in the first quarter. Great West Life Assurance Co. Can now owns 1,459 shares of the company’s stock valued at $26,000 after acquiring an additional 943 shares during the last quarter. FMR LLC boosted its position in shares of Big 5 Sporting Goods by 1,561.0% in the first quarter. FMR LLC now owns 3,405 shares of the company’s stock worth $26,000 after buying an additional 3,200 shares during the period. State of Wyoming purchased a new stake in shares of Big 5 Sporting Goods in the second quarter worth about $34,000. Tower Research Capital LLC TRC boosted its position in shares of Big 5 Sporting Goods by 424.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,606 shares of the company’s stock worth $39,000 after buying an additional 4,537 shares during the period. Finally, Quarry LP boosted its position in shares of Big 5 Sporting Goods by 145.9% in the first quarter. Quarry LP now owns 5,782 shares of the company’s stock worth $44,000 after buying an additional 3,431 shares during the period. Institutional investors and hedge funds own 41.98% of the company’s stock.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.