Bridgeway Capital Management, Inc.. has recently announced that it has increased stake in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 31.90%. After grabbing 0.58 million shares, the institutional investor is now in possession of 0.14 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 2.67% having worth around $3.27 million. Moreover, Acadian Asset Management LLC increased its share by 0.22 million to have a control over 0.37 million shares.
Big 5 Sporting Goods Corporation (BGFV) concluded trading on 08/26/20 at a closing price of $6.85, with 2.18 million shares of worth about $14.96 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 2.09% during that period and on Wednesday the price saw a gain of about 14.55%. Currently the company’s common shares owned by public are about 21.25M shares, out of which, 18.81M shares are available for trading.
Analysts also issued an outlook of 3.00 for the Big 5 Sporting Goods Corporation stock for next 12 months.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 30 times over the past 12 months. They bought 186,555 shares in 22 of the transactions. In 8 selling transactions, insiders dumped 17,064 shares.
Vanguard Total Stock Market Index, DFA US Core Equity 2 Portfolio, and DFA US Core Equity 1 Portfolio are the top 3 mutual funds which are holding stakes in Big 5 Sporting Goods Corporation Vanguard Total Stock Market Index is currently holding 0.58 million shares of worth totaling $3.23 million. The company recently came buying 0.0 shares which brought its stake up to 2.63% of the company’s outstanding shares. DFA US Core Equity 2 Portfolio sold 7379.0 shares, after which its hold over company’s outstanding shares shrunk to 1.79%, leaving 0.39 million shares with the mutual fund that have a worth of about $2.2 million. DFA US Core Equity 1 Portfolio, after buying 0.36 million shares, have now control over 1.65% of the stake in the company. It holds 0.0 shares of worth $2.02 million.
Big 5 Sporting Goods Corporation (NASDAQ: BGFV) started trading at $6.35, above $0.37 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $6.85, or with a gain of 14.55%. Stock saw a price change of 2.09% in past 5 days and over the past one month there was a price change of 53.24%. Year-to-date (YTD), BGFV shares are showing a performance of 128.33% which increased to 230.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.65 but also hit the highest price of $8.47 during that period. While comparing its average daily trading volume of 2.21 million shares, we see that about 2.18 million changed hands on the day. The stock is currently trading 7.71% above its 20-day simple moving average (SMA20), while that difference is up 65.66% for SMA50 and it goes to 147.55% higher than SMA200.
Bridgeway Capital Management, Inc.. acquired 0.58 million shares of Big 5 Sporting Goods Corporation having value of about $3.27 million. Data submitted at the U.S SEC by Bridgeway Capital Management, Inc.. revealed that the firm now holds 0.14 million shares in the company valued at close to $968590.0, or have control over 31.90% stake in the company. Big 5 Sporting Goods Corporation (NASDAQ: BGFV) currently have 21.25M outstanding shares and institutions hold larger chunk of about 31.40% of that. Holding of mutual funds in the company is about 16.46% while other institutional holders and individual stake holders have control over 28.17% and 14.70% of the stake respectively.
The stock has a current market capitalization of $163.44M and its 3Y-monthly beta is at 2.64. PE ratio of stock for trailing 12 months is 11.00, while it has posted earnings per share of $0.62 in the same period. It has Quick Ratio of 0.20 while making debt-to-equity ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BGFV, volatility over the week remained 9.14% while standing at 12.47% over the month.
Analysts are in expectations that Big 5 Sporting Goods Corporation (BGFV) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter ESPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.15 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 337.20%. EPS is likely to grow at an annualized rate of -6.54% for next 5-years, compared to annual growth of -9.90% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on August 02, 2017 offering a Hold rating for the stock and assigned a target price range of between $20 and $10 to it. Coverage by Deutsche Bank stated Big 5 Sporting Goods Corporation (BGFV) stock as a Buy in their note to investors on November 02, 2016, suggesting a price target of $18 for the stock. On October 06, 2016, Deutsche Bank Upgrade their recommendations, while on August 03, 2016, Deutsche Bank Reiterated their ratings for the stock with a price target of $10. Stock get a Buy rating from Stifel on February 08, 2016.