Big 5 Sporting Goods Corporation (NASDAQ:BGFV)’s traded shares stood at 0.34 million during the last session, with the company’s beta value hitting 2.96. At the close of trading, the stock’s price was $24.48, to imply a decrease of -0.97% or -$0.24 in intraday trading. The BGFV share’s 52-week high remains $37.75, putting it -54.21% down since that peak but still an impressive 76.35% since price per share fell to its 52-week low of $5.79. The company has a valuation of $524.61M, with an average of 1.01 million shares in intraday trading volume over the past 10 days and average of 1.48 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for Big 5 Sporting Goods Corporation (BGFV), translating to a mean rating of 2.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give BGFV a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $1.13.
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After registering a -0.97% downside in the last session, Big 5 Sporting Goods Corporation (BGFV) has traded red over the past five days. The stock hit a weekly high of 25.60 this Friday, 10/08/21, dropping -0.97% in its intraday price action. The 5-day price performance for the stock is 1.53%, and -15.56% over 30 days. With these gigs, the year-to-date price performance is 148.77%. Short interest in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) saw shorts transact 8.9 million shares and set a 5.31 days time to cover.
Analysts on Wall Street suggest a consensus price target of $31.00, implying an increase of 21.03% to the stock’s current value. The extremes give us $31.00 and $31.00 for target low and target high price respectively. As such, BGFV has been trading -26.63% off suggested target high and -26.63% from its likely low.
Big 5 Sporting Goods Corporation (BGFV) estimates and forecasts
Revenue is forecast to shrink -13.70% this quarter before falling -39.80% for the next one. The rating firms project that company’s revenue will grow 13.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $314.6 million. Meanwhile, for the quarter ending Dec 2021, a total of 1 analyst(s) estimate revenue growth to $270.75 million.Earnings reports from the last fiscal year show that sales brought in $304.96 million and $290.58 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.20% before dropping -6.80% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 29.90% for the past 5-year period. While 2021 is set for a 546.70% return in earnings, projections for the next 5 years are at -6.54% annually.
Big 5 Sporting Goods Corporation has its next earnings report out between October 25 and October 29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Big 5 Sporting Goods Corporation has a forward dividend ratio of 1.00, with the share yield ticking at 4.08% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 7.65%.
Big 5 Sporting Goods Corporation (NASDAQ:BGFV)’s Major holders
Big 5 Sporting Goods Corporation insiders hold 7.33% of total outstanding shares, with institutional holders owning 57.69% of the shares at 62.26% float percentage. In total, 57.69% institutions holds shares in the company, led by Blackrock Inc. As of Jun 29, 2021, the company held over 1.41 million shares (or 6.30% of shares), all amounting to roughly $36.28 million.
The next major institution holding the largest number of shares is Dimensional Fund Advisors LP with 1.11 million shares, or about 4.96% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $28.57 million.
We also have Vanguard Total Stock Market Index Fund and Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF as the top two Mutual Funds with the largest holdings of the Big 5 Sporting Goods Corporation (BGFV) shares. Going by data provided on Jun 29, 2021, Vanguard Total Stock Market Index Fund holds roughly 0.6 million shares. This is just over 2.66% of the total shares, with a market valuation of $15.31 million. Data from the same date shows that the other fund manager holds a little less at 0.59 million, or 2.63% of the shares, all valued at about 18.16 million.