Market Overview

UPDATE: Piper Jaffray Upgrades Big 5 Sporting Goods to Overweight; Margin Inflection Near Inflection

Related BGFV
Big 5 Sporting Goods Corporation Announces Board Changes as Part of Agreement With Stadium Capital
Morning Market Gainers
Jumei International Holding (JMEI) in Focus: Rallies 7.8% - Tale of the Tape (Zacks)

Piper Jaffray raised its rating on Big 5 Sporting Goods (NASDAQ: BGFV) and increased its price target from $8 to $12.

Piper Jaffray commented, "We are upgrading BGFV from Neutral to Overweight and raising our price target from $8 to $12 as improving comp trends and a depressed margin structure set the stage for accelerated earnings growth in the second half of 2012 and into 2013. … As merchandise margin and SG&A leverage both continue to expand, we believe operating margins need only recapture half of the decline from the prior peak of 8.2% (vs. 2.1% in 2011) to drive earnings power of $1.50 over the next several years."

Big 5 Sporting Goods closed at $8.52 on Friday.

Latest Ratings for BGFV

Apr 2015Deutsche BankMaintainsHold
Mar 2015Barrington ResearchInitiates Coverage onMarket Perform
Feb 2015Deutsche BankMaintainsHold

View More Analyst Ratings for BGFV
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Upgrades Intraday Update Analyst Ratings


Related Articles (BGFV)

Around the Web, We're Loving...

Get Benzinga's Newsletters