Big 5 Sporting Goods (NASDAQ:BGFV) Raised to “Hold” at StockNews.com

Big 5 Sporting Goods (NASDAQ:BGFV) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Separately, TheStreet downgraded shares of Big 5 Sporting Goods from a “c” rating to a “d+” rating in a research report on Wednesday, February 28th.

Big 5 Sporting Goods Trading Up 4.1 %

Shares of BGFV stock traded up $0.13 during trading hours on Friday, hitting $3.47. 322,152 shares of the company were exchanged, compared to its average volume of 399,730. The firm has a market cap of $77.75 million, a P/E ratio of -10.50 and a beta of 2.35. Big 5 Sporting Goods has a fifty-two week low of $3.00 and a fifty-two week high of $9.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 1.63. The company has a 50 day simple moving average of $3.90 and a two-hundred day simple moving average of $5.26.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.02). The company had revenue of $196.35 million for the quarter. Big 5 Sporting Goods had a negative return on equity of 2.77% and a negative net margin of 0.80%.

Hedge Funds Weigh In On Big 5 Sporting Goods

A number of large investors have recently modified their holdings of BGFV. Stratos Wealth Partners LTD. bought a new position in shares of Big 5 Sporting Goods in the 4th quarter worth $68,000. SG Americas Securities LLC bought a new position in shares of Big 5 Sporting Goods in the 4th quarter worth $74,000. Stratos Wealth Advisors LLC bought a new position in shares of Big 5 Sporting Goods in the 3rd quarter worth $79,000. Gabelli Funds LLC lifted its holdings in shares of Big 5 Sporting Goods by 135.3% in the 3rd quarter. Gabelli Funds LLC now owns 40,000 shares of the company’s stock worth $280,000 after purchasing an additional 23,000 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in shares of Big 5 Sporting Goods in the 4th quarter worth $372,000. 41.98% of the stock is currently 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. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.