Big 5 Sporting Goods Corporation (BGFV) shares are trading at higher $6.71 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 $8.47 and the low is $0.65. Over the last 52 weeks, BGFV is down -20.78% while the S&P 500 is down -0.42%. 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 $72.19 million. Big 5 Sporting Goods Corporation also saw revenues increase to $227.94 million. In addition, BGFV has free cash flow of $54.79 million as of 06-2020. The company’s EBITDA came in at $20.98 million which compares well with its peers.
BGFV booked profit margins of 1.40%, its Return on Equity (ROE) is 7.30%, and its Return on Assets is 1.90%. 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 2.38 and outstanding shares of 21.25M.
BGFV has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.61 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.62. Big 5 Sporting Goods Corporation BGFV also noted assets of $660.46 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 141.85M and a float of 19.95M. 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.