Big 5 Sporting Goods Corporation (BGFV) : Algert Global scooped up 51,760 additional shares in Big 5 Sporting Goods Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 186,346 shares of Big 5 Sporting Goods Corporation which is valued at $2,962,901.Big 5 Sporting Goods Corporation makes up approximately 0.87% of Algert Global’s portfolio.
Other Hedge Funds, Including , Legal General Group Plc boosted its stake in BGFV in the latest quarter, The investment management firm added 12,159 additional shares and now holds a total of 15,701 shares of Big 5 Sporting Goods Corporation which is valued at $249,646.Cutler Group Lp boosted its stake in BGFV in the latest quarter, The investment management firm added 978 additional shares and now holds a total of 6,110 shares of Big 5 Sporting Goods Corporation which is valued at $97,821. Big 5 Sporting Goods Corporation makes up approx 0.01% of Cutler Group Lp’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in BGFV by selling 3,111 shares or 55.63% in the most recent quarter. The Hedge Fund company now holds 2,481 shares of BGFV which is valued at $34,411.
Big 5 Sporting Goods Corporation closed down -0.11 points or -0.69% at $15.9 with 2,53,862 shares getting traded on Tuesday. Post opening the session at $15.92, the shares hit an intraday low of $15.8 and an intraday high of $16.13 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.
Many Wall Street Analysts have commented on Big 5 Sporting Goods Corporation. Company shares were Reiterated by Deutsche Bank on Aug 3, 2016 to “Hold”, Firm has raised the Price Target to $ 10 from a previous price target of $9 .
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.