Lake Street Capital Initiates Coverage on Big 5 Sporting Goods (NASDAQ:BGFV)

Lake Street Capital started coverage on shares of Big 5 Sporting Goods (NASDAQ:BGFV) in a research report report published on Wednesday, The Fly reports. The brokerage issued a buy rating and a $15.00 price objective on the stock.

Separately, TheStreet raised shares of Big 5 Sporting Goods from a d rating to a c rating in a research note on Wednesday, July 29th.

Shares of BGFV stock opened at $8.21 on Wednesday. Big 5 Sporting Goods has a 12 month low of $0.65 and a 12 month high of $9.72. The stock has a market cap of $179.80 million, a P/E ratio of 13.24 and a beta of 2.33. The company has a current ratio of 1.48, a quick ratio of 0.19 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $7.05 and a two-hundred day simple moving average of $3.99.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.14). The firm had revenue of $227.94 million during the quarter. Big 5 Sporting Goods had a return on equity of 6.11% and a net margin of 1.39%.

In other news, VP Jeffrey L. Fraley sold 4,062 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $6.32, for a total value of $25,671.84. Following the completion of the sale, the vice president now directly owns 10,275 shares of the company’s stock, valued at $64,938. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BGFV. Squarepoint Ops LLC purchased a new position in Big 5 Sporting Goods during the first quarter valued at $54,000. Ritholtz Wealth Management lifted its position in Big 5 Sporting Goods by 72.5% during the second quarter. Ritholtz Wealth Management now owns 33,664 shares of the company’s stock valued at $65,000 after purchasing an additional 14,153 shares during the last quarter. Investors Research Corp lifted its position in Big 5 Sporting Goods by 100.0% during the second quarter. Investors Research Corp now owns 44,990 shares of the company’s stock valued at $68,000 after purchasing an additional 22,495 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Big 5 Sporting Goods by 157.5% during the second quarter. Goldman Sachs Group Inc. now owns 41,790 shares of the company’s stock valued at $81,000 after purchasing an additional 25,562 shares during the last quarter. Finally, Bridgeway Capital Management Inc. lifted its position in Big 5 Sporting Goods by 31.9% during the second quarter. Bridgeway Capital Management Inc. now owns 584,600 shares of the company’s stock valued at $1,134,000 after purchasing an additional 141,400 shares during the last quarter. 30.89% of the stock is owned by institutional investors.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection 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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