What’s in Big 5 Sporting Goods Corporation After Today’s Bullish Options Activity?

 What's in Big 5 Sporting Goods Corporation After Today's Bullish Options Activity?

In today’s session Big 5 Sporting Goods Corporation (BGFV) registered an unusually high (1,002) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BGFV increase. With 1,002 contracts traded and 1204 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BGFV161118C00017500 closed last at: $0.95 or 29.6% down. About 43,202 shares traded hands. Big 5 Sporting Goods Corporation (NASDAQ:BGFV) has risen 69.44% since April 8, 2016 and is uptrending. It has outperformed by 63.80% 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 -21.33% below today’s ($18.85) stock price. Big 5 Sporting Goods Corp has been the topic of 6 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded Big 5 Sporting Goods Corporation (NASDAQ:BGFV) on Monday, February 8 to “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, November 2 report. The stock of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) earned “Hold” rating by Deutsche Bank on Wednesday, October 28. The stock has “Buy” rating given by Deutsche Bank on Thursday, October 6.

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 “Big 5 Sporting Goods.””

Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.29, from 1.27 in 2016Q1. The ratio is negative, 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.
Blackrock Advsrs Llc accumulated 0% or 8,035 shares. Deutsche Natl Bank Ag has 40,068 shares for 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys has 0% invested in the company for 22,857 shares. Pub Sector Pension Board has 12,918 shares for 0% of their US portfolio. Bancorp Of America Corporation De accumulated 0% or 22,916 shares. First Midwest State Bank Trust Division has 14,226 shares for 0.02% of their US portfolio. Cornerstone Mgmt Hldgs Limited Liability Co holds 60,400 shares or 0% of its portfolio. Savings Bank Of New York Mellon Corporation accumulated 324,861 shares or 0% of the stock. Foundry Prtnrs Llc has 0.07% invested in the company for 129,863 shares. Jupiter Asset Mgmt has invested 0.18% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV). The New York-based Teton Advsr Inc has invested 0.24% in Big 5 Sporting Goods Corporation (NASDAQ:BGFV). Wells Fargo Mn, a California-based fund reported 134,405 shares. D E Shaw & owns 233,218 shares or 0% of their US portfolio. Moreover, Manufacturers Life Ins The has 0% invested in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 13,686 shares. Jacobs Levy Equity Management owns 51,069 shares or 0.01% of their US portfolio.

Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 33 insider sales for $19.57 million net activity. On Thursday, November 3 the insider STADIUM CAPITAL PARTNERS L P sold $4.38 million. $102,164 worth of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) was sold by STADIUM CAPITAL QUALIFIED PARTNERS LP on Tuesday, August 9. $511,459 worth of shares were sold by STADIUM CAPITAL MANAGEMENT LLC on Thursday, August 18. HONEYCUTT VAN B had sold 10,000 shares worth $183,750. The insider Clark Boyd O sold $255,000. MEADE GARY S also sold $24,458 worth of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) on Monday, August 8. $20,003 worth of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) was sold by FRALEY JEFFREY L.

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The company has a market cap of $418.44 million. The Firm offers a range of products in a sporting goods store format that averages approximately 11,000 square feet. It has a 30.46 P/E ratio. The Firm also offers products online through its e-commerce platform.

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.

More notable recent Big 5 Sporting Goods Corporation (NASDAQ:BGFV) news were published by: Fool.com which released: “Why Big 5 Sporting Goods Corporation Stock Surged 14% Last Month” on November 05, 2016, also Thestreet.com with their article: “Commit To Buy Big 5 Sporting Goods Corp At $12.50, Earn 15.8% Annualized Using …” published on September 13, 2016, Seekingalpha.com published: “Big 5 Rally Should Not Be Bought” on November 09, 2016. More interesting news about Big 5 Sporting Goods Corporation (NASDAQ:BGFV) were released by: Fool.com and their article: “Why Shares of Big 5 Sporting Goods Corp. Slumped Today” published on March 02, 2016 as well as Benzinga.com‘s news article titled: “10 Stocks That Rallied Four Days, Then Sold Off Yesterday” with publication date: November 09, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment