Big 5 Sporting Goods Co. (NASDAQ:BGFV) shares traded up 6.5% during trading on Wednesday . The stock traded as high as $5.80 and last traded at $5.70. 1,026,427 shares changed hands during trading, a decline of 33% from the average session volume of 1,521,130 shares. The stock had previously closed at $5.35.

A number of research analysts recently issued reports on the stock. ValuEngine cut shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Big 5 Sporting Goods currently has a consensus rating of “Hold” and a consensus price target of $8.67.

The firm has a market capitalization of $122.13, a P/E ratio of 5.70 and a beta of -0.38. The company has a current ratio of 2.07, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24.

In other news, Director Van B. Honeycutt acquired 43,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $7.26 per share, with a total value of $312,180.00. Following the completion of the purchase, the director now directly owns 18,600 shares of the company’s stock, valued at approximately $135,036. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.90% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. bought a new position in Big 5 Sporting Goods in the second quarter valued at approximately $133,000. The Manufacturers Life Insurance Company increased its stake in Big 5 Sporting Goods by 3,976.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 17,649 shares of the company’s stock valued at $134,000 after acquiring an additional 17,216 shares during the last quarter. Private Advisor Group LLC bought a new position in Big 5 Sporting Goods in the third quarter valued at approximately $165,000. AlphaStar Capital Management LLC bought a new position in Big 5 Sporting Goods in the fourth quarter valued at approximately $165,000. Finally, Investors Research Corp acquired a new stake in Big 5 Sporting Goods in the fourth quarter valued at approximately $170,000.

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About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company 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.

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