Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Equities research analysts at Imperial Capital raised their Q1 2018 earnings per share (EPS) estimates for shares of Golfsmith International in a research note issued on Thursday, according to Zacks Investment Research. Imperial Capital analyst G. Kelly now expects that the specialty retailer will post earnings of $0.54 per share for the quarter, up from their prior estimate of $0.52. Imperial Capital currently has a “In-Line” rating and a $22.00 price target on the stock. Imperial Capital also issued estimates for Golfsmith International’s Q3 2018 earnings at $0.18 EPS.
Golfsmith International (NASDAQ:GOLF) last issued its earnings results on Wednesday, March 7th. The specialty retailer reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. The business had revenue of $351.40 million for the quarter, compared to analyst estimates of $341.91 million. Golfsmith International’s revenue for the quarter was up 6.5% compared to the same quarter last year.
A number of other analysts have also recently weighed in on GOLF. KeyCorp increased their price objective on shares of Golfsmith International from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Compass Point cut shares of Golfsmith International from a “buy” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a report on Monday, March 19th. SunTrust Banks reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Golfsmith International in a report on Friday, January 26th. Jefferies Group reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Golfsmith International in a report on Wednesday, March 7th. Finally, Wells Fargo increased their price objective on shares of Golfsmith International from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Thursday, March 8th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Golfsmith International currently has a consensus rating of “Hold” and a consensus price target of $22.79.
Shares of NASDAQ:GOLF traded down $0.50 on Friday, reaching $22.59. 191,405 shares of the company’s stock were exchanged, compared to its average volume of 219,639. Golfsmith International has a fifty-two week low of $15.16 and a fifty-two week high of $24.41.
Several large investors have recently bought and sold shares of GOLF. Quantitative Systematic Strategies LLC acquired a new position in shares of Golfsmith International in the fourth quarter worth about $223,000. Alliancebernstein L.P. acquired a new stake in shares of Golfsmith International during the second quarter worth approximately $256,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Golfsmith International by 4.6% during the second 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 boosted its holdings in shares of Golfsmith International by 8.5% during the second 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. Finally, New York State Common Retirement Fund boosted its holdings in shares of Golfsmith International by 15.5% during the third 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.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 19th were given a dividend of $0.13 per share. This is a positive change from Golfsmith International’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 16th. This represents a $0.52 annualized dividend and a dividend yield of 2.30%.
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About Golfsmith International
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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