In the last trading session, the Big 5 Sporting Goods Corporation (NASDAQ: BGFV) saw 1,190,799 shares, the beta of which is currently 2.9. The latest price per share level of $ 24.46, trading at $ 0.4, or 1.66% to the ring of the bell that day, gives the company a market valuation of $ 567.14 million. This closing price of the BGFV share shows a discount of -54.33% compared to its 52-week high of $ 37.75 and a premium of 89.94% compared to its 52-week low of $ 2.46. A look at the company’s average trading volume for the last 10 days shows a volume of 1.22 million shares, which gives us an average trading volume of 1.51 million if we extend this period to 3 months.
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For the Big 5 Sporting Goods Corporation (BGFV), the analysts’ consensus is an average buy recommendation, while it is assigned an average rating of 2. The breakdown of the data shows that out of 1 analyst who covers the stock, none of them recommend selling the stock, even though none recommended overweighting the stock. No one suggested the stock as a hold, while I viewed the stock as a buy. No analyst recommended it as an underweight. Earnings per share are expected to be $ 1.08 for the current quarter.
Maintained in the green during the last meeting with an increase of 1.66%, in the last five days the BGFV stayed in the green, while it reached its weekly high on Thursday, July 1st, when the share price level of 27 That hit USD 27, adding 10.3% to its value the day. Big 5 Sporting Goods Corporation stocks saw year-to-date performance 139.57% and are down -4.75% in the past 5 days. Big 5 Sporting Goods Corporation (NASDAQ: BGFV) showed a performance of -22.59% in the last 30 days. The number of shares sold short was 4.51 million shares, which is calculated for 2.99 days to cover short interests.
Wall Street analysts have assigned the stock a consensus price target of $ 26, up 6.3% from its current value. Analysts have projected $ 26 as a low target price for the stock, while they have put it at a high target price of $ 26. It follows that the current price of the share would rise by + 6.3% if the forecast high was reached, while a decrease to the targeted low would mean a loss of 6.3% for the current value of the share.
Big 5 Sporting Goods Corporation (BGFV) estimates and forecasts
Statistics show that the Big 5 Sporting Goods Corporation performs comparatively better than the results of other players in the relevant industry. The company has added + 113.45% of value to its stocks over the past 6 months. That said, the company has raised its revenue forecast for fiscal 2021. The company estimates that revenue growth will increase 3500% in the current quarter and anticipates a decline of -34.4% in the next quarter. For this year sales growth of 8.1% is estimated compared to the previous financial year.
1 Industry analysts have given their estimates of the company’s current quarterly revenue by setting an average value of $ 291.65 million. And 1 analysts believe the company will have revenues of $ 295.58 million in the next quarter ending September 1, 2021. The company had revenues of $ 227.94 million and $ 304.96 million, respectively, for the current quarter and next quarter of the previous year. Analysts expect revenue growth of 28% for this quarter, while it is estimated at -3.1% for the next quarter.
If one weighs the company’s earnings over the past 5 years and the next 5 year periods, we find that the company has seen an annual earnings growth rate of 29.9% over the past 5 years. In 2021, the company’s earnings growth rate is likely to be around 546.7%, while estimates for earnings growth over the next 5 years are -6.54%.
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The Big 5 Sporting Goods Corporation will be releasing its next quarterly report closer to between July 26th and July 30th, 2021, and investors are confident that the company is announcing better dividends for the current quarter, despite facing issues that arise the increase result in guilt. With an annual return of 2.78%, the stock has a forward dividend of 0.72, meaning the company’s dividend yield has increased over the past twelve months, while the average dividend yield over 5 years is 7.71%.
The main owners of the Big 5 Sporting Goods Corporation (NASDAQ: BGFV)
Insiders own 7.37% of the company’s total stock, while institutions own 45.47%, with stocks accounting for 49.09%. Investors also closely monitor the number of corporate investors in a company, the 117 Big 5 Sporting Goods Corporation institutions that currently hold shares in the company. Dimensional Fund Advisors LP is the leading institutional owner at BGFV with 1.14 million shares valued at $ 17.84 million. And as of March 30, 2021, she held 5.1% of the company’s outstanding shares.
The second largest institutional owner is Acadian Asset Management. LLC, which held approximately 861.33 thousand shares on March 30, 2021. The number of shares represents the company’s ownership of 3.86% of the outstanding shares for a total value of $ 13.52 million.
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On the other hand, the Vanguard Total Stock Market Index Fund and the DFA US Core Equity 2 Portfolio are the two largest mutual funds that own stocks in the company. As of March 30, 2021, the former fund manager held 534,933 shares valued at $ 8.4 million, or 2.4% of the total outstanding shares. The future fund manager owned 367.9 thousand shares as of April 29, 2021, representing his approximately $ 6.74 million stake in the company or an owner of 1.65% of the company’s shares.