Big 5 Sporting Goods Stock Rating Downgrade
StockNews.com and TheStreet have both issued unfavorable stock ratings for Big 5 Sporting Goods, downgrading it from hold to sell and from c to d+, respectively. These ratings adjustments come as the company’s stock performance fluctuates, prompting concerns among investors.
Big 5 Sporting Goods Stock Performance
After trading down $0.07 on Wednesday, Big 5 Sporting Goods’ stock opened higher on Thursday at $3.37 and is currently experiencing a surge throughout the trading day. At the time of this publication, its stock data is as follows:
- Index: BGFV
- Symbol: Big 5 Sporting Goods Corporation
- Quote: $3.515
- Change: +$0.18500018
- Percentage Change: +5.5555615%
- Volume: 197,874 shares traded
- Average Analyst Rating: 3.0 (Hold)
- Book Value: $11.208
Financial Metrics
Big 5 Sporting Goods boasts a market capitalization of $74.73 million, with a price-to-earnings (PE) ratio of -10.09 and a beta of 2.35. The company’s stock has seen a 1-year low of $3.27 and a high of $9.99. Its current and quick ratios stand at 1.63 and 0.18, respectively, while the debt-to-equity ratio is a modest 0.05. The 50-day and 200-day moving averages are $4.52 and $5.67, respectively.
Earnings Performance
In its latest earnings report on February 27th, Big 5 Sporting Goods reported earnings per share (EPS) of ($0.41) for the quarter, missing consensus estimates by ($0.02). The company recorded revenue of $196.35 million during the same period, indicating challenges in profitability.
Dividend Cut
Big 5 Sporting Goods also recently announced a quarterly dividend, paying out $0.05 per share. However, the company’s dividend payout ratio (DPR) currently stands at -60.61%, reflecting financial strain.
Institutional Investors’ Activity
Despite these challenges, several institutional investors have either increased or decreased their stakes in Big 5 Sporting Goods. Notable changes include FMR LLC and Great West Life Assurance Co. Can increasing their holdings, while Tower Research Capital LLC TRC and Quarry LP have also added to their positions. Overall, hedge funds and institutional investors own approximately 41.98% of the company’s stock.
The downgrade in stock ratings for Big 5 Sporting Goods, coupled with ongoing fluctuations in stock performance and challenges in earnings, raise concerns about the company’s financial health and future prospects. Investors will closely monitor how the company addresses these issues and navigates through the current market conditions.
