The Big 5 Sporting Goods Corporation (BGFV) shares are trading at higher $4.34 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $4.14 and the low is $0.65. Over the last 52 weeks, BGFV is up 4.83% while the S&P 500 is up 0.57%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BGFV reported a profit of $64.56 million. Big 5 Sporting Goods Corporation also saw revenues increase to $217.74 million. In addition, BGFV has free cash flow of -$7.64 million as of 03-2020. The company’s EBITDA came in at -$2.13 million which compares well with its peers.
BGFV booked profit margins of 0.20%, its Return on Equity (ROE) is 1.20%, and its Return on Assets is 0.30%. All told, it is clear that, BGFV needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BGFV has a short ratio of 2.89 and outstanding shares of 21.15M.
BGFV has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.35 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.10. Big 5 Sporting Goods Corporation BGFV also noted assets of $725.1 million at the end of the last quarter. Investors should also keep an eye on sector updates as BGFV has historically followed its peers on positive news.
All told, Big 5 Sporting Goods Corporation BGFV has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BGFV represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Big 5 Sporting Goods Corporation BGFV is now commanding a market cap of 89.97M and a float of 19.88M. BGFV is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BGFV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in BGFV, either long or short, and we have not been compensated for this article.