Big 5 Sporting Goods (NASDAQ:BGFV) Stock Rating Lowered by StockNews.com

Big 5 Sporting Goods (NASDAQ:BGFV) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

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

Big 5 Sporting Goods Stock Performance

BGFV stock opened at $3.41 on Friday. The stock has a market capitalization of $77.13 million, a PE ratio of -4.74 and a beta of 2.37. The stock’s 50 day simple moving average is $3.67 and its 200 day simple moving average is $5.06. Big 5 Sporting Goods has a 12-month low of $3.00 and a 12-month high of $9.99. The company has a current ratio of 1.56, a quick ratio of 0.18 and a debt-to-equity ratio of 0.05.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.02). Big 5 Sporting Goods had a negative net margin of 1.82% and a negative return on equity of 6.26%. The business had revenue of $196.35 million for the quarter.

Institutional Investors Weigh In On Big 5 Sporting Goods

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Stratos Wealth Partners LTD. bought a new stake in Big 5 Sporting Goods during the fourth quarter valued at approximately $68,000. SG Americas Securities LLC purchased a new stake in shares of Big 5 Sporting Goods in the 4th quarter worth $74,000. Stratos Wealth Advisors LLC bought a new position in Big 5 Sporting Goods in the 3rd quarter worth $79,000. Gabelli Funds LLC lifted its position in Big 5 Sporting Goods by 135.3% during the third quarter. Gabelli Funds LLC now owns 40,000 shares of the company’s stock valued at $280,000 after purchasing an additional 23,000 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Big 5 Sporting Goods during the fourth quarter valued at about $372,000. Hedge funds and other institutional investors own 41.98% 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. 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.