Big 5 Sporting Goods Corporation (BGFV) is Reiterated by Deutsche Bank to Hold, Raises Price Target to $ 10

Big 5 Sporting Goods Corporation (BGFV) was Reiterated by Deutsche Bank to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 10 from a previous price target of $9 . Deutsche Bank advised their investors in a research report released on Aug 3, 2016.

On the company’s financial health, Big 5 Sporting Goods Corporation reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.02. The company had revenue of $241.10 million for the quarter, compared to analysts expectations of $238.31 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Big 5 Sporting Goods Corporation opened for trading at $10.29 and hit $10.62 on the upside on Tusday, eventually ending the session at $10.47, with a gain of 1.65% or 0.17 points. The heightened volatility saw the trading volume jump to 3,42,276 shares. Company has a market cap of $231 M.

In a different news, on Dec 1, 2015, Van B Honeycutt (director) purchased 7,000 shares at $9.70 per share price. According to the SEC, on Nov 25, 2015, Jeffrey L Fraley (SENIOR VP, HUMAN RESOURCES) sold 2,500 shares at $9.65 per share price. On Nov 19, 2015, Shane O Starr (Senior VP, Operations) sold 450 shares at $9.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a traditional sporting goods store format. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes apparel and accessories as well as a range of outdoor and athletic equipment for team sports fitness camping hunting fishing tennis golf winter and summer recreation and roller sports. The Company purchases merchandise from sporting goods equipment manufacturers athletic footwear manufacturers and apparel manufacturers. It offers products of brands such as adidas Crocs Franklin JanSport Rawlings Spalding Asics Crosman Head Lifetime Razor Speedo Bearpaw Dickies Heelys Mizuno Rollerblade Timex Bushnell Easton Hillerich & Bradsby Mossberg and Russell Athletic among others.

Big 5 Sporting Goods Corporation

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