Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Jefferies Group issued their Q3 2018 earnings per share estimates for shares of Golfsmith International in a research report issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst R. Konik forecasts that the specialty retailer will earn $0.20 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $27.00 target price on the stock. Jefferies Group also issued estimates for Golfsmith International’s FY2018 earnings at $1.82 EPS and FY2019 earnings at $1.95 EPS.
Golfsmith International (NASDAQ:GOLF) last announced its quarterly earnings results on Wednesday, March 7th. The specialty retailer reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The firm had revenue of $351.40 million during the quarter, compared to the consensus estimate of $341.91 million. Golfsmith International’s revenue for the quarter was up 6.5% on a year-over-year basis.
Other research analysts also recently issued reports about the stock. SunTrust Banks reissued a “buy” rating and issued a $24.00 price target on shares of Golfsmith International in a report on Friday, January 26th. KeyCorp set a $26.00 price objective on shares of Golfsmith International and gave the stock a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research raised shares of Golfsmith International from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Wednesday, March 7th. DA Davidson set a $24.00 price objective on shares of Golfsmith International and gave the stock a “hold” rating in a report on Thursday, March 8th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $22.00 price objective (up from $17.50) on shares of Golfsmith International in a report on Thursday, March 8th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.79.
NASDAQ:GOLF traded down $0.50 during trading hours on Friday, hitting $22.59. The stock had a trading volume of 191,405 shares, compared to its average volume of 219,639. Golfsmith International has a one year low of $15.16 and a one year high of $24.41.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, March 16th. This is a boost from Golfsmith International’s previous quarterly dividend of $0.12.
A number of large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its position in Golfsmith International by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,348 shares of the specialty retailer’s stock worth $404,000 after purchasing an additional 904 shares during the period. TIAA CREF Investment Management LLC raised its position in Golfsmith International by 8.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 60,637 shares of the specialty retailer’s stock worth $1,203,000 after purchasing an additional 4,763 shares during the period. Comerica Bank raised its position in Golfsmith International by 5.4% in the 3rd quarter. Comerica Bank now owns 118,064 shares of the specialty retailer’s stock worth $2,138,000 after purchasing an additional 6,023 shares during the period. New York State Common Retirement Fund raised its position in Golfsmith International by 15.5% in the 3rd quarter. New York State Common Retirement Fund now owns 78,310 shares of the specialty retailer’s stock worth $1,391,000 after purchasing an additional 10,515 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in Golfsmith International in the 4th quarter worth $223,000.
Golfsmith International Company Profile
Golfsmith International Holdings, Inc, the parent company of Golfsmith International, Inc, is a holding company. The Company is a specialty retailer of golf and tennis equipment, apparel, footwear and accessories. The Company operates as an integrated multi-channel retailer, providing its customers the convenience of shopping in the retail stores across United States, through its Internet site, www.golfsmith.com, and from its catalogs.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Golfsmith International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golfsmith International and related companies with MarketBeat.com's FREE daily email newsletter.