Big 5 Sporting Goods (NASDAQ:BGFV – Get Free Report) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
Separately, TheStreet cut Big 5 Sporting Goods from a “c” rating to a “d+” rating in a research note on Wednesday, February 28th.
Check Out Our Latest Report on Big 5 Sporting Goods
Big 5 Sporting Goods Stock Performance
Big 5 Sporting Goods (NASDAQ:BGFV – Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.02). The business had revenue of $196.35 million during the quarter. Big 5 Sporting Goods had a negative return on equity of 2.77% and a negative net margin of 0.80%.
Institutional Investors Weigh In On Big 5 Sporting Goods
Large investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Big 5 Sporting Goods by 160.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 36,140 shares of the company’s stock worth $620,000 after purchasing an additional 22,240 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Big 5 Sporting Goods by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 448,228 shares of the company’s stock worth $7,687,000 after buying an additional 17,744 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Big 5 Sporting Goods by 27.5% during the first quarter. American Century Companies Inc. now owns 148,319 shares of the company’s stock worth $2,544,000 after buying an additional 32,028 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Big 5 Sporting Goods by 58.5% during the first quarter. MetLife Investment Management LLC now owns 12,382 shares of the company’s stock worth $212,000 after buying an additional 4,570 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Big 5 Sporting Goods by 182.8% during the first quarter. Great West Life Assurance Co. Can now owns 1,459 shares of the company’s stock worth $26,000 after buying an additional 943 shares during the last quarter. Institutional investors own 41.98% of the company’s stock.
Big 5 Sporting Goods Company Profile
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.
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