Q1 2018 EPS Estimates for Golfsmith International Holdings, Inc. Raised by SunTrust Banks (GOLF)

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Analysts at SunTrust Banks raised their Q1 2018 earnings estimates for shares of Golfsmith International in a report issued on Thursday. SunTrust Banks analyst M. Swartz now expects that the specialty retailer will post earnings per share of $0.52 for the quarter, up from their previous estimate of $0.49. SunTrust Banks currently has a “Buy” rating and a $24.00 target price on the stock. SunTrust Banks also issued estimates for Golfsmith International’s Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $1.36 EPS and FY2019 earnings at $1.48 EPS.

Golfsmith International (NASDAQ:GOLF) last announced its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The firm had revenue of $347.30 million for the quarter, compared to analyst estimates of $339.73 million. The business’s quarterly revenue was up 2.4% on a year-over-year basis.

A number of other brokerages also recently issued reports on GOLF. KeyCorp set a $20.00 price target on shares of Golfsmith International and gave the stock a “buy” rating in a report on Saturday, October 21st. Nomura raised their price target on shares of Golfsmith International from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Jefferies Group set a $22.00 price target on shares of Golfsmith International and gave the stock a “buy” rating in a report on Thursday, October 26th. Imperial Capital raised their price target on shares of Golfsmith International from $15.00 to $17.00 and gave the stock an “in-line” rating in a report on Friday, November 10th. Finally, Morgan Stanley raised their price target on shares of Golfsmith International from $19.50 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Golfsmith International currently has an average rating of “Buy” and an average price target of $20.25.

Shares of Golfsmith International (NASDAQ GOLF) opened at $21.90 on Monday. Golfsmith International has a 1-year low of $15.16 and a 1-year high of $22.08.

Several large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Golfsmith International by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 70,554 shares of the specialty retailer’s stock worth $1,400,000 after purchasing an additional 361 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Golfsmith International by 4.6% during 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. Teachers Advisors LLC boosted its position in shares of Golfsmith International by 5.9% during the 2nd quarter. Teachers Advisors LLC now owns 40,784 shares of the specialty retailer’s stock worth $809,000 after purchasing an additional 2,286 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Golfsmith International by 8.5% during 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. Finally, Comerica Bank boosted its position in shares of Golfsmith International by 5.4% during 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.

In related news, insider Mirae Asset Partners Private E sold 9,165,542 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

COPYRIGHT VIOLATION WARNING: “Q1 2018 EPS Estimates for Golfsmith International Holdings, Inc. Raised by SunTrust Banks (GOLF)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://ledgergazette.com/2018/01/29/q1-2018-eps-estimates-for-golfsmith-international-holdings-inc-raised-by-suntrust-banks-golf.html.

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.

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.

Leave a Reply