Big 5 Sporting GoodsNASDAQ: BGFV

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Big 5 Sporting Goods Corporation (BGFV) Q4 2023 Earnings Call Transcript

As the markets soar higher following the Federal Reserve's latest decision on interest rates, now may be a great time to jettison any dividend stocks to sell from your portfolio. While stocks overall could continue to perform strongly, company-specific factors can result in poor or even negative returns with many high-yield but low-quality dividend plays.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV ) Q3 2023 Earnings Call Transcript October 31, 2023 5:00 PM ET Company Participants Steve Miller - President and Chief Executive Officer Barry Emerson - Chief Financial Officer Conference Call Participants Mark Smith - Lake Street Capital Operator Good day, ladies and gentlemen. Welcome to the Big 5 Sporting Goods Third Quarter 2023 Earnings Results Conference Call.

Shares of Big 5 Sporting Goods Corp. BGFV, -0.14% slid 13% after hours on Tuesday after the sporting-goods retailer forecast a net loss and a drop in same-store sales for its fourth quarter, citing expectations that “macroeconomic headwinds will continue to impact discretionary consumer spending.” The company said it expected fourth-quarter same-store sales to fall “in the high single-digit to low double-digit range.

As consumer spending has (and continues to) cool, many retail stocks have become heavily sold short. In many cases, these large wagers by the short-seller community (considered to be part of the “smart money”) appear to be shrewd bets.

“Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed. “—YCharts Value Screener. 70 August Value large caps and Graham formula-derived results reflect established value stock detection criteria. Of those, 59 met our absurd ideal of dividends from $1K invested exceeding single share stock prices. Representing nine-of-eleven Morningstar Sectors, all 59 ideal value picks pay regular dividends. Broker-target-top-ten net gains ranged 27.38%-55.94%, topped by PDM & TRMD, as of 8/1/23.

“Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed.“—YCharts Value Screener. Here are 64 July value large caps and Graham formula-derived results that reflect established value-stock detection-criteria. Of those, 51 met the dogcatcher-ideal of dividends from $1K invested exceeding single-share-stock-prices. Representing nine-of-eleven Morningstar Sectors, all 51 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 38.26%-104.37%, topped by SBSW & PDM, as-of 6/23/23.

For investors who seek regular cash flows, blue-chip dividends stocks are excellent options for a portfolio. The combination of a low-beta, regular dividend growth, and the possibility of capital gains makes these stocks attractive.