Off goes BGFV. The stock corrected upwards today. Is it a bargain?

Big 5 Sporting (BGFV) is trading 17% higher at $12.87 today. The embattled sporting goods stock seems to be rebounding after posting a negative outlook for Q3, in which they predict customer spending will decrease. Traders were also bearish as the return on capital at the company was not strong.

That being said, traders are buying the dip today. Perhaps the stock is entering bargain territory?

Big 5 Sporting has been trading between a 52-week high of $45.13 and a 52-week low of $10.39. The stock has a market cap of $285 Million.

Big 5 is a leading sporting goods retailer in the western United States, operating 430 stores under the 'Big 5 Sporting Goods' name as of the fiscal quarter ended January 3, 2021. Big 5 provides a full-line product offering in a traditional sporting goods store format that averages 11,000 square feet. Big 5's product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, home recreation, tennis, golf, and winter and summer recreation.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

thersonefifty - 4 upvotes - source
BGFV trying to get in on the action

SonOvTimett - 0 upvotes - source
BGFV has returned!