Golfsmith International Holdings, Inc. Forecasted to Earn Q3 2018 Earnings of $0.20 Per Share (NASDAQ:GOLF)

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.

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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.

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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.

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Earnings History and Estimates for Golfsmith International (NASDAQ:GOLF)

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