Sporting goods retailers rally after Hibbett attracts buyout offer
Seeking Alpha News (Tue, 23-Apr 10:46 AM ET)
Big 5 Sporting Goods Corporation to Report Fiscal 2024 First Quarter Results on April 30, 2024
Globe Newswire (Tue, 23-Apr 8:00 AM ET)
Big 5 Sporting Goods Corporation Announces Fiscal 2023 Fourth Quarter and Full Year Results
Globe Newswire (Tue, 27-Feb 4:01 PM ET)
Globe Newswire (Tue, 20-Feb 8:00 AM ET)
Big 5 Sporting Goods Corp is a specialty retailer company that is principally engaged in the sale of sporting goods in the Western United States. Its product mix includes athletic shoes, apparel, and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports. The company operates solely as a sporting goods retailer, which includes both its retail stores and an e-commerce platform. The company operates a distribution center located in Riverside, California, that services all of its stores and e-commerce platform.
Big 5 Sporting Goods trades on the NASDAQ stock market under the symbol BGFV.
As of April 24, 2024, BGFV stock price was flat at $3.33 with 154,973 million shares trading.
BGFV has a beta of 0.09, meaning it tends to be less sensitive to market movements. BGFV has a correlation of 0.00 to the broad based SPY ETF.
BGFV has a market cap of $74.39 million. This is considered a Micro Cap stock.
Last quarter Big 5 Sporting Goods reported $196 million in Revenue and -$.41 earnings per share. This beat revenue expectation by $60,000 and missed earnings estimates by -$.02.
In the last 3 years, BGFV stock traded as high as $47.65 and as low as $3.00.
The top ETF exchange traded funds that BGFV belongs to (by Net Assets): VTI, IWM, VXF, IWN, AVUV.
BGFV has underperformed the market in the last year with a price return of -50.2% while the SPY ETF gained +24.2%. BGFV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -33.7% and -4.0%, respectively, while the SPY returned +4.6% and -2.7%, respectively.
BGFV support price is $3.21 and resistance is $3.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BGFV stock will trade within this expected range on the day.