Mirae Asset Partners Private E Sells 9,165,542 Shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) Stock

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) insider Mirae Asset Partners Private E sold 9,165,542 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $17.00, for a total transaction of $155,814,214.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Golfsmith International (NASDAQ:GOLF) last posted its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $347.30 million during the quarter, compared to analyst estimates of $339.73 million. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Thursday, November 30th.

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of Golfsmith International by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 3,580,300 shares of the specialty retailer’s stock valued at $71,033,000 after buying an additional 31,602 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Golfsmith International by 44.3% in the third quarter. Principal Financial Group Inc. now owns 3,485,832 shares of the specialty retailer’s stock valued at $61,908,000 after buying an additional 1,070,023 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Golfsmith International by 2.2% in the second quarter. Vanguard Group Inc. now owns 1,678,680 shares of the specialty retailer’s stock valued at $33,306,000 after buying an additional 36,905 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of Golfsmith International by 3.4% in the second quarter. Westfield Capital Management Co. LP now owns 1,132,095 shares of the specialty retailer’s stock valued at $22,461,000 after buying an additional 37,205 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Golfsmith International by 5.1% in the second quarter. Voya Investment Management LLC now owns 856,118 shares of the specialty retailer’s stock valued at $16,986,000 after buying an additional 41,279 shares in the last quarter.

Several research firms have recently weighed in on GOLF. KeyCorp reiterated an “overweight” rating on shares of Golfsmith International in a research report on Tuesday, November 21st. Zacks Investment Research upgraded shares of Golfsmith International from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, November 10th. Imperial Capital increased their price objective on shares of Golfsmith International from $15.00 to $17.00 and gave the stock an “in-line” rating in a research report on Friday, November 10th. Nomura increased their price objective on shares of Golfsmith International from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Morgan Stanley increased their price objective on shares of Golfsmith International from $19.50 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.69.

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Golfsmith International Company Profile

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