Long Position on BGFV @ $32.00 on 6/2/2021 (Momentum)

Big 5 Sporting Goods Corporation (BGFV) operates as a sporting goods retailer in the western United States.

The company's products include athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation. It also provides private label items, such as shoes, apparel, camping equipment, fishing supplies, and snow sport equipment.

The company sells private label merchandise under its own trademarks comprising Golden Bear, Harsh, Pacifica, and Rugged Exposure.

As of January 3, 2021, it operated 430 stores. The company also operates an e-commerce platform under the Big 5 Sporting Goods name.

Big 5 Sporting (BGFV) reported 1st Quarter March 2021 earnings of $0.96 per share on revenue of $272.8 million. The consensus earnings estimate was $0.44 per share on revenue of $260.2 million. Revenue grew 25.3% on a year-over-year basis.

The company said it expects second quarter earnings of $1.05 to $1.25 per share. The current consensus earnings estimate is $0.38 per share for the quarter ending June 30, 2021.

This stock should see an increase in share prices as it moves along its "bullish flag" formation.

Entry Point: $32.00

Stop Loss: $30.40

Trading Range: $1.75 - $34.95

Target Price: $35.20

Updates

6/3/2021 10:23:20 AM

BGFV closed at $36.10

Position closed on 6/3/2021 at price of $36.10 with a 12.81% gain in 1 days.

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