Big 5 Sporting price target raised to $26 from $19 at Lake Street
TheFlyontheWall.com - May 05 09:11 EDT
Lake Street analyst Mark Smith raised the firm's price target on Big 5 Sporting to $26 from $19 and keeps a Buy rating on the shares following Q1 results that he said were "well above our expectations and management's guidance." Big 5's same-store-sales guidance for Q2 gives him confidence that the strong momentum continues and while demand in certain product categories may slow, Smith thinks overall product demand will remain above pre-COVID levels, he said.
Wow did BGFV really hit a low of $20.10 this morning?? Congrats to anyone who bought down there. What a gift! I saw the stock pushing $24 in AH yest and figured it would be off to the races today
Rninsiders, I have traded shares in and out of BGFV. What I generally do in taxable accounts in situations like BGFV is pick the lots I am selling by choosing those that I had acquired most recently rather than the default FIFO. This gives me a higher likelihood of seeing my original positions go to LTCG with lower tax rates. Hopefully that rule won't be changed.
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