Latest Stocks: Teachers Advisors LLC Has $937,000 Position in Big 5 Sporting Goods Co. (BGFV)

Latest Stocks: Teachers Advisors LLC Has $937,000 Position in Big 5 Sporting Goods Co. (BGFV)

Teachers Advisors LLC raised its stake in shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,982 shares of the company’s stock after buying an additional 8,442 shares during the period. Teachers Advisors LLC owned approximately 0.25% of Big 5 Sporting Goods worth $937,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. A.R.T. Advisors LLC acquired a new position in Big 5 Sporting Goods during the fourth quarter valued at approximately $530,000. Menta Capital LLC raised its position in Big 5 Sporting Goods by 653.5% in the fourth quarter. Menta Capital LLC now owns 241,327 shares of the company’s stock valued at $4,187,000 after buying an additional 209,298 shares during the last quarter. New York State Teachers Retirement System raised its position in Big 5 Sporting Goods by 3.3% in the fourth quarter. New York State Teachers Retirement System now owns 53,102 shares of the company’s stock valued at $921,000 after buying an additional 1,700 shares during the last quarter. Renaissance Technologies LLC raised its position in Big 5 Sporting Goods by 211.2% in the fourth quarter. Renaissance Technologies LLC now owns 740,662 shares of the company’s stock valued at $12,850,000 after buying an additional 502,662 shares during the last quarter. Finally, Employees Retirement System of Texas raised its position in Big 5 Sporting Goods by 102.7% in the fourth quarter. Employees Retirement System of Texas now owns 150,000 shares of the company’s stock valued at $2,603,000 after buying an additional 76,000 shares during the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.

Shares of Big 5 Sporting Goods Co. (BGFV) opened at 13.70 on Tuesday. The firm’s 50-day moving average price is $14.51 and its 200 day moving average price is $15.72. Big 5 Sporting Goods Co. has a 52 week low of $8.43 and a 52 week high of $20.35. The firm has a market capitalization of $297.89 million, a price-to-earnings ratio of 12.96 and a beta of 0.42.

Big 5 Sporting Goods (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. Big 5 Sporting Goods had a net margin of 1.31% and a return on equity of 7.88%. The firm had revenue of $252.60 million during the quarter, compared to analysts’ expectations of $244.29 million. On average, analysts anticipate that Big 5 Sporting Goods Co. will post $1.18 EPS for the current year. The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.38%. The ex-dividend date is Tuesday, May 30th. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently 95.24%.

Several equities analysts recently commented on the company. Deutsche Bank AG reiterated a “buy” rating and issued a $20.00 target price (up from $18.00) on shares of Big 5 Sporting Goods in a research note on Wednesday, May 3rd. Zacks Investment Research lowered Big 5 Sporting Goods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Forward View set a $14.00 target price on Big 5 Sporting Goods and gave the company a “hold” rating in a research note on Sunday, May 28th. In related news, VP Gary S. Meade sold 1,865 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $14.57, for a total value of $27,173.05. Following the completion of the transaction, the vice president now owns 18,093 shares in the company, valued at approximately $263,615.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jennifer Holden Dunbar sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $14.81, for a total transaction of $44,430.00. Following the completion of the transaction, the director now owns 24,955 shares of the company’s stock, valued at approximately $369,583.55. The disclosure for this sale can be found here. Insiders sold a total of 26,960 shares of company stock valued at $384,716 in the last 90 days. 7.90% of the stock is currently owned by corporate insiders.

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