Checking in on Big 5 Sporting Goods Corporation (BGFV) after recent insiders movement


Big 5 Sporting Goods Corporation’s recently made public that its Director DUNBAR JENNIFER HOLDEN unloaded Company’s shares for reported $25400.0 on Nov 28. In the deal valued at $12.70 per share,2,000 shares were sold. As a result of this transaction, DUNBAR JENNIFER HOLDEN now holds 14,143 shares worth roughly $ 0.12 million.

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Then, FRALEY JEFFREY L sold 3,268 shares, generating $40,131 in total proceeds. Upon selling the shares at $12.28, the Senior VP, Human Resources now owns 13,775 shares.

Before that, Starr Shane O sold 3,135 shares. Big 5 Sporting Goods Corporation shares valued at $43,012 were divested by the Senior VP, Operations at a price of $13.72 per share. As a result of the transaction, Starr Shane O now holds 14,950 shares, worth roughly $0.13 million.

Lake Street initiated its Big 5 Sporting Goods Corporation [BGFV] rating to a Buy in a research note published on Tuesday, October 21, 2020; the price target was $15. PT values the company’s stock at a premium of 41.13 to its Tuesday closing price. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. Deutsche Bank also remained covering BGFV and reiterated its “Buy” recommendation on November 02, 2016. Deutsche Bank revised its rating on October 06, 2016. It rated BGFV as “a Buy” which previously was an “a Hold”.

Price Performance Review of BGFV

On Tuesday, Big 5 Sporting Goods Corporation [NASDAQ:BGFV] saw its stock fall -4.02% to $8.83. On the same session, the stock had its day’s lowest price of $8.75, but rose to a high of $9.22. Over the last five days, the stock has lost -8.88%. Nevertheless, the stocks have fallen -45.79% over the past one year. While a 52-week high of $19.60 was reached on 02/03/23, a 52-week low of $8.36 was recorded on 02/28/23. SMA at 50 days reached $9.60, while 200 days put it at $11.44. A total of 0.57 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For BGFV Stock

The 24-hour chart illustrates a support level at 8.65, which if violated will result in even more drops to 8.46. On the upside, there is a resistance level at 9.12. A further resistance level may holdings at 9.40. The Relative Strength Index (RSI) on the 14-day chart is 33.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.70%. Stochastics %K at 12.42% indicates the stock is a buying.

How much short interest is there in Big 5 Sporting Goods Corporation?

A steep rise in short interest was recorded in Big 5 Sporting Goods Corporation stocks on Jan 30, 2023, growing by 0.17 million shares to a total of 4.54 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 4.37 million shares. There was a rise of 3.74%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 21.46% of the overall stock float, the days-to-cover ratio (short ratio) rose to 15.

Big 5 Sporting Goods Corporation [BGFV] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 1,286,812 shares, or roughly 5.80% of the outstanding BGFV shares. In other words, the investor’s shares have risen by 18,111 from its previous 13-F filing of 1268701.0. Additionally, The Vanguard Group, Inc. increased 0.96% of its stake after which the total value it holdings stand at $10,575,104. Over the last quarter, SSgA Funds Management, Inc. purchased 5,965 shares of Big 5 Sporting Goods Corporation, while Goldman Sachs & Co. LLC bought -362,807 shares. At present, Geode Capital Management LLC is holding 410,889 shares valued at $4.1 million. Cambria Investment Management LP owned 405,059 shares of the company at the time of its most recent 13F filing, worth $4.05 million.

According to FactSet, Big 5 Sporting Goods Corporation’s share price will average $14.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 52.17 percent from its previous closing price of $9.20. Analysts expect Big 5 Sporting Goods Corporation stock to reach the higher price of $14.00, while the lowest price estimate is $14.00. However, 1 analyst have rated BGFV stock as a Buy in their predictions for 2023. The most recent change occurred on August 03, 2016 when Deutsche Bank resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $10.


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