A number of stock research firms have changed their ratings and price targets for Big 5 Sporting Goods (NASDAQ: BGFV) during the last seven days:
- Big 5 Sporting Goods had its price target raised by analysts at Needham & Company from $17.00 to $20.00. They now have a “strong-buy” rating on the stock.
- Big 5 Sporting Goods had its price target raised by analysts at Feltl & Co. from $11.00 to $16.50. They now have a “buy” rating on the stock.
- Big 5 Sporting Goods had its price target raised by analysts at Piper Jaffray to $20.00. They wrote, “Last night Big 5 Sporting Goods announced Q4 results at the high end of the pre-announced range, but more importantly, guided Q1 well above expectations. Q1 EPS guidance of $0.18-0.24 and comp guidance of +high-single digits was well ahead of consensus of $0.08/shr and +4.9% as favorable weather and strong firearm/ammo sales accompany solid underlying trends. We are raising our estimates and price target to reflect the strong start to the year and remain buyers of BGFV shares as margins can still go much higher and solid topline growth appears sustainable at this point.”
- Big 5 Sporting Goods had its price target raised by analysts at Credit Suisse from $9.00 to $14.00.
- Big 5 Sporting Goods had its “hold” rating reaffirmed by analysts at Deutsche Bank. They now have a $15.00 price target on the stock, up previously from $11.00. They wrote, “Reports 4Q12 results in line with pre-announced range. Ahead of ICR, BGFV announced that comps and earnings would come in towards the high end of plan. BGFV reported 4Q12 comps of 6.5% and EPS of $0.19. We are encouraged by the fact that momentum has continued into 1Q13, driven by several factors that we discuss below. 1Q13 guidance was better than expected with guidance of $0.18 – $0.24 vs consensus of $0.09. While near-term trends are certainly better than expected, we maintain our Hold rating as we balance these trends with valuation levels that now reflect this strength.”
Big 5 Sporting Goods opened at 15.69 on Tuesday. Big 5 Sporting Goods has a 1-year low of $6.12 and a 1-year high of $16.94. The stock’s 50-day moving average is currently $14.30. The company has a market cap of $334.8 million and a price-to-earnings ratio of 22.17.
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States, operating 406 stores in 12 states under the Big 5 Sporting Goods name as of January 2, 2012.
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