Big 5 Sporting Goods Corp
) soared to a new 52-week high of $21.34 on Monday, May 13. The
sporting goods retailer eventually closed trade at $21.28,
reflecting a solid year-to-date return of 63.3% and 218.6% over
the past year.
Based on the current price, this Zacks Rank #1 (Strong Buy)
retailer is 1.0% lower than the Zacks Consensus average analyst
price target of $21.50. Additionally, the company's long-term
estimated EPS growth rate is 13.3%, which is relatively
Average volume of shares traded over the last 3 months stands
at approximately 300K. Moreover, the stock currently trades at a
forward P/E of 16.47x, lower than the peer group average of
An impressive record of beating the quarterly earnings
expectations, sustained focus on maximizing productivity as well
as initiatives to expand its brand portfolio, are the major
factors that drove the shares of Big 5 Sporting to the new
The recent first-quarter 2013 results have added to the
company's upbeat performances. Big 5 Sporting posted strong
first-quarter 2013 results on Apr 30 as earnings jumped to 34
cents per share against a penny in the comparable year-ago
quarter. Moreover, the quarterly earnings of the company
surpassed its own guidance range of 18-24 cents per share and the
Zacks Consensus Estimate of 21 cents.
Net sales for the quarter increased approximately 12.7% to
$246.3 million compared with $218.5 million in the first quarter
of 2012 and surpassed the Zacks Consensus Estimate of $238.0
Further, in anticipation of favorable weather conditions,
shift of the Easter holiday and a higher demand for firearms and
ammunition products, management expects same-store sales in the
second quarter of 2013 to increase in the mid single-digit range.
Moreover, the company anticipates earnings for the quarter to
range from 20-26 cents per share. Currently, the Zacks Consensus
Estimate stands at 26 cents per share.
With respect to earnings surprises, Big 5 Sporting has topped
the Zacks Consensus Estimate for the trailing 4 quarters with an
average surprise of 34.8%.
We believe that Big 5 Sporting will continue to progress well,
given its growth initiatives, which include expanding its store
base and bringing in technological advancements to better serve
its patrons. The company leverages an extensive network of stores
to effectively penetrate into its target markets, which in turn,
enables the company to generate healthy sales and gain market
Other stocks in the retail space that touched all-time highs
on the same day are
Home Depot Inc.
), which reached $128.56, $76.85 and $60.56, respectively.
BIG 5 SPORTING (BGFV): Free Stock Analysis
HOME DEPOT (HD): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis
WHIRLPOOL CORP (WHR): Free Stock Analysis
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