Big 5 Sporting Goods Co. (NASDAQ:BGFV) Short Interest Update

Big 5 Sporting Goods Co. (NASDAQ:BGFV) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 5,577,100 shares, a decline of 5.0% from the May 15th total of 5,871,200 shares. Approximately 28.3% of the shares of the company are short sold. Based on an average daily volume of 334,600 shares, the days-to-cover ratio is presently 16.7 days.

Shares of Big 5 Sporting Goods stock traded up $0.04 on Friday, reaching $1.89. 126,833 shares of the company were exchanged, compared to its average volume of 416,099. The business has a fifty day simple moving average of $2.04. The stock has a market cap of $40.87 million, a price-to-earnings ratio of -23.63 and a beta of 0.56. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.42 and a quick ratio of 0.10. Big 5 Sporting Goods has a fifty-two week low of $1.78 and a fifty-two week high of $6.90.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its earnings results on Tuesday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Big 5 Sporting Goods had a positive return on equity of 0.81% and a negative net margin of 0.06%. The company had revenue of $245.29 million for the quarter, compared to analyst estimates of $246.64 million.

BGFV has been the subject of a number of analyst reports. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th.

Several hedge funds have recently modified their holdings of the company. Millennium Management LLC purchased a new position in Big 5 Sporting Goods in the fourth quarter valued at about $1,120,000. Marshall Wace LLP purchased a new position in Big 5 Sporting Goods in the first quarter valued at about $1,006,000. Premier Asset Management LLC purchased a new position in Big 5 Sporting Goods in the fourth quarter valued at about $458,000. Coatue Management LLC purchased a new position in Big 5 Sporting Goods in the fourth quarter valued at about $421,000. Finally, D. E. Shaw & Co. Inc. grew its stake in Big 5 Sporting Goods by 269.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 185,374 shares of the company’s stock valued at $481,000 after purchasing an additional 135,198 shares in the last quarter. Institutional investors and hedge funds own 56.61% 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. 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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