Needham & Company Maintains a 'Buy' on Big 5 Sporting Goods (BGFV); Recent Management Focus
Get Alerts BGFV Hot Sheet
Price: $3.33 --0%
Rating Summary:
3 Buy, 6 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
3 Buy, 6 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Needham & Company maintains a 'Buy' on Big 5 Sporting Goods (NASDAQ: BGFV) price target of $13.00.
Analyst, Sean McGowan, said, "We recently hosted the management of BGFV for a series of investor meetings, BGFV’s first such "marketing" in nearly two years. Management was eager to share their recent successes, while providing updated color on several ongoing initiatives. The main topics of conversation centered around the recovery of BGFV’s main markets (California, Nevada, etc.), a product mix shift towards higher price points and branded apparel and footwear, the benefits of its business analytics program, and the progress of the company’s e-commerce initiatives. BGFV’s solid 2Q results signaled a return to positive SSS trends and we believe in management’s ability to operate effectively going forward."
Maintains FY12/13/14 EPS estimate at $0.65/0.90/1.15.
For an analyst ratings summary and ratings history on Big 5 Sporting Goods click here. For more ratings news on Big 5 Sporting Goods click here.
Shares of Big 5 Sporting Goods closed at $9.01 yesterday.
Analyst, Sean McGowan, said, "We recently hosted the management of BGFV for a series of investor meetings, BGFV’s first such "marketing" in nearly two years. Management was eager to share their recent successes, while providing updated color on several ongoing initiatives. The main topics of conversation centered around the recovery of BGFV’s main markets (California, Nevada, etc.), a product mix shift towards higher price points and branded apparel and footwear, the benefits of its business analytics program, and the progress of the company’s e-commerce initiatives. BGFV’s solid 2Q results signaled a return to positive SSS trends and we believe in management’s ability to operate effectively going forward."
Maintains FY12/13/14 EPS estimate at $0.65/0.90/1.15.
For an analyst ratings summary and ratings history on Big 5 Sporting Goods click here. For more ratings news on Big 5 Sporting Goods click here.
Shares of Big 5 Sporting Goods closed at $9.01 yesterday.
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