Now Is A Suitable Moment For A Long-Term Purchase Of Big 5 Sporting Goods Corporation (NASDAQ: BGFV)


Bridgeway Capital Management, Inc.. recently announced the acquisition of new stake in Big 5 Sporting Goods Corporation (NASDAQ:BGFV). The institutional investor has increased its shareholding in the Consumer Cyclical company by 31.90% to 0.58 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 2.67% valued currently at $3.27 million. In addition, Acadian Asset Management LLC raised its holdings by 0.22 million to 0.37 million shares.

With over 1.26 million Big 5 Sporting Goods Corporation (BGFV) shares trading Friday and a closing price of $6.25 on the day, the dollar volume was approximately $7.85 million. The shares have shown a negative weekly performance of -6.02% and its price on 08/21/20 lost nearly -8.22%. Currently, there are 21.25M common shares owned by the public and among those 18.81M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for BGFV have a consensus price objective of $4.00. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $4.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Big 5 Sporting Goods Corporation stock is 3.00 for the next 12 months. But an upside of -56.25% will see the stock hit the forecast high price target while mean target price for the stock is $4.00.

Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 186,555 shares. Insider sales of the common stock occurred on 8 occasions, with total insider shares sold totaling 17,064 shares.

The top 3 mutual fund holders in Big 5 Sporting Goods Corporation are Vanguard Total Stock Market Index, DFA US Core Equity 2 Portfolio, and DFA US Core Equity 1 Portfolio. Vanguard Total Stock Market Index owns 0.58 million shares of the company’s stock, all valued at over $3.23 million. DFA US Core Equity 2 Portfolio sold 7379.0 shares to see its total holdings shrink to 0.39 million shares valued at over $2.2 million and representing 1.79% of the shares outstanding. DFA US Core Equity 1 Portfolio now owns shares totaling to 1.65% of the shares outstanding.

Shares of Big 5 Sporting Goods Corporation (NASDAQ: BGFV) opened at $6.79, down -$0.02 from a prior closing price of $6.81. However, the script later closed the day at $6.25, down -8.22%. The company’s stock has a 5-day price change of -6.02% and 257.14% over the past three months. BGFV shares are trading 108.33% year to date (YTD), with the 12-month market performance up to 217.26% higher. It has a 12-month low price of $0.65 and touched a high of $8.47 over the same period. Currently, 1.26 million shares have been traded, compared to an average intraday trading volume of 2.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.15%, 60.82%, and 129.36% respectively.

Institutional ownership of Big 5 Sporting Goods Corporation (NASDAQ: BGFV) shares accounts for 31.40% of the company’s 21.25M shares outstanding. Mutual fund holders own 16.46%, while other institutional holders and individual stakeholders account for 28.17% and 14.70% respectively.

It has a market capitalization of $149.13M and a beta (3y monthly) value of 2.64. The stock’s trailing 12-month PE ratio is 10.03, while the earnings-per-share (ttm) stands at $0.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.57% over the week and 13.45% over the month.

Analysts forecast that Big 5 Sporting Goods Corporation (BGFV) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2020. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.15 a year ago. EPS should grow at an annualized rate of -6.54% over the next five years, compared to -9.90% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Big 5 Sporting Goods Corporation (BGFV) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the BGFV, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on August 02, 2017, with the firm’s price target at $20-$10. Deutsche Bank coverage for the Big 5 Sporting Goods Corporation (BGFV) stock in a research note released on November 02, 2016 offered a Buy rating with a price target of $18. Deutsche Bank was of a view on October 06, 2016 that the stock is Buy, while Deutsche Bank gave the stock Hold rating on August 03, 2016, issuing a price target of $9- $10. Stifel on their part issued Buy rating on February 08, 2016.


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