Deutsche Bank Maintains Big 5 Sporting Goods Corporation to Hold with Price Target $10.00

Brokerage firm Deutsche Bank Maintains its rating on Big 5 Sporting Goods Corporation(NASDAQ:BGFV). In a research note issued to the investors, the brokerage major Raises the price-target to $10.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 3, 2016.

Big 5 Sporting Goods Corporation (BGFV) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.08% at a volume of 2,10,335. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.15. The peak price level was also seen at $13.15 while the days lowest was $12.94. Finally the shares closed at $13.05. The 52-week high of the shares is $13.86 while the 52-week low is $8.155. According to the latest information available, the market cap of the company is $287 M.

Big 5 Sporting Goods Corporation(BGFV) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $241.41M. Analysts had an estimated revenue of $238.29M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.03.

Several Insider Transactions has been reported to the SEC. On Dec 1, 2015, Van B Honeycutt (director) purchased 7,000 shares at $9.70 per share price.Also, On Nov 25, 2015, Jeffrey L Fraley (SENIOR VP, HUMAN RESOURCES) sold 2,500 shares at $9.65 per share price.On Nov 20, 2015, Capital Qualified Part Stadium (director 10% owner) purchased 1,928 shares at $9.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a traditional 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. The Company purchases merchandise from sporting goods equipment manufacturers athletic footwear manufacturers and apparel manufacturers. It offers products of brands such as adidas Crocs Franklin JanSport Rawlings Spalding Asics Crosman Head Lifetime Razor Speedo Bearpaw Dickies Heelys Mizuno Rollerblade Timex Bushnell Easton Hillerich & Bradsby Mossberg and Russell Athletic among others.

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