The stock of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) hit a new 52-week high and has $36.50 target or 116.00% above today’s $16.90 share price. The 6 months bullish chart indicates low risk for the $403.43M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $36.50 price target is reached, the company will be worth $467.98M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 254,842 shares traded hands. Big 5 Sporting Goods Corporation (NASDAQ:BGFV) has risen 49.20% since April 1, 2016 and is uptrending. It has outperformed by 47.99% the S&P500.
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Ratings Coverage
Out of 2 analysts covering Big 5 Sporting Goods Corp (NASDAQ:BGFV), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $18 is the highest target while $9 is the lowest. The $14.83 average target is -12.25% below today’s ($16.9) stock price. Big 5 Sporting Goods Corp has been the topic of 6 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) has “Buy” rating given on Wednesday, November 2 by Deutsche Bank. Deutsche Bank maintained Big 5 Sporting Goods Corporation (NASDAQ:BGFV) rating on Wednesday, October 28. Deutsche Bank has “Hold” rating and $9 price target. The stock has “Buy” rating given by Stifel Nicolaus on Monday, February 8. The company was upgraded on Thursday, October 6 by Deutsche Bank.
According to Zacks Investment Research, “Big 5 Sporting Goods is a leading sporting goods retailer in the western United States, operating stores under the name Â“Big 5 Sporting Goods.Â””
Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.29, from 1.27 in 2016Q1. The ratio dived, as 20 funds sold all Big 5 Sporting Goods Corporation shares owned while 27 reduced positions. 8 funds bought stakes while 38 increased positions. They now own 16.37 million shares or 3.66% less from 16.99 million shares in 2016Q1.
Bnp Paribas Arbitrage accumulated 0% or 5,592 shares. New York State Common Retirement Fund has 16,700 shares for 0% of their US portfolio. Walleye Trading Ltd Liability accumulated 3,500 shares or 0% of the stock. Wedge L Lp Nc last reported 0.01% of its portfolio in the stock. The Florida-based State Board Of Administration Of Florida Retirement System has invested 0% in Big 5 Sporting Goods Corporation (NASDAQ:BGFV). Manufacturers Life Insur Comm The, a Ontario – Canada-based fund reported 13,686 shares. The Massachusetts-based Geode Cap Ltd Liability Com has invested 0% in Big 5 Sporting Goods Corporation (NASDAQ:BGFV). Pacific Ridge Cap Limited Com last reported 1.81% of its portfolio in the stock. Princeton Alpha Mgmt Lp reported 16,098 shares or 0.03% of all its holdings. Bridgeway Cap Management reported 266,148 shares or 0.04% of all its holdings. Analytic Llc holds 0% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 28,201 shares. Paradigm Asset Mngmt reported 2,400 shares or 0% of all its holdings. Moreover, Nationwide Fund has 0% invested in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 36,050 shares. Pinebridge Invs Limited Partnership holds 0% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 2,170 shares. Rhumbline Advisers has 32,056 shares for 0% of their US portfolio.
Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 23 insider sales for $8.08 million net activity. STADIUM CAPITAL PARTNERS L P had sold 15,752 shares worth $201,829 on Wednesday, August 24. The insider FRALEY JEFFREY L sold 1,000 shares worth $12,700. STADIUM CAPITAL MANAGEMENT LLC sold 106,194 shares worth $1.34M. $102,164 worth of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) was sold by STADIUM CAPITAL QUALIFIED PARTNERS LP on Tuesday, August 9. 1,550 shares were sold by Starr Shane O, worth $19,763 on Friday, August 5. The insider MEADE GARY S sold 1,896 shares worth $24,458.
More recent Big 5 Sporting Goods Corporation (NASDAQ:BGFV) news were published by: Thestreet.com which released: “Commit To Buy Big 5 Sporting Goods Corp At $12.50, Earn 15.8% Annualized Using …” on September 13, 2016. Also Reuters.com published the news titled: “BRIEF-Big 5 Sporting Goods Corp announces Q3 results” on November 01, 2016. Benzinga.com‘s news article titled: “6 Stocks That Rallied Three Days On Increasing Volume” with publication date: November 03, 2016 was also an interesting one.
BGFV Company Profile
Big 5 Sporting Goods Corporation, incorporated on October 31, 1997, is a sporting goods retailer in the western United States. The Firm offers a range of products in a sporting goods store format that averages approximately 11,000 square feet. The Firm 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 Firm 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.
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