Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Research analysts at DA Davidson boosted their FY2018 earnings per share (EPS) estimates for Golfsmith International in a report issued on Wednesday. DA Davidson analyst A. Burns now anticipates that the specialty retailer will post earnings per share of $1.51 for the year, up from their previous estimate of $1.26. DA Davidson has a “Hold” rating and a $24.00 price objective on the stock. DA Davidson also issued estimates for Golfsmith International’s FY2019 earnings at $1.61 EPS.
Golfsmith International (NASDAQ:GOLF) last posted its earnings results on Wednesday, March 7th. The specialty retailer reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $351.40 million for the quarter, compared to analyst estimates of $341.91 million. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year.
Several other analysts have also commented on GOLF. KeyCorp reissued an “overweight” rating on shares of Golfsmith International in a report on Tuesday, November 21st. SunTrust Banks reissued a “buy” rating and issued a $24.00 price objective on shares of Golfsmith International in a report on Friday, January 26th. Zacks Investment Research lowered Golfsmith International from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Jefferies Group reissued a “buy” rating and issued a $27.00 price objective on shares of Golfsmith International in a report on Wednesday, March 7th. Finally, Imperial Capital reissued an “in-line” rating and issued a $22.00 price objective (up from $17.50) on shares of Golfsmith International in a report on Thursday, March 8th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $22.69.
Shares of Golfsmith International (GOLF) remained flat at $$23.33 on Monday. 57,359 shares of the company were exchanged, compared to its average volume of 211,263. Golfsmith International has a fifty-two week low of $15.16 and a fifty-two week high of $23.93.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be paid a $0.13 dividend. The ex-dividend date is Friday, March 16th. This is a positive change from Golfsmith International’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.23%. Golfsmith International’s payout ratio is currently -800.00%.
Several large investors have recently modified their holdings of GOLF. Principal Financial Group Inc. boosted 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 worth $61,908,000 after acquiring an additional 1,070,023 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Golfsmith International by 19.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,539,138 shares of the specialty retailer’s stock worth $32,445,000 after acquiring an additional 245,523 shares during the last quarter. Granite Investment Partners LLC boosted its stake in shares of Golfsmith International by 31.4% in the fourth quarter. Granite Investment Partners LLC now owns 879,968 shares of the specialty retailer’s stock worth $18,550,000 after acquiring an additional 210,212 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Golfsmith International by 21.2% in the second quarter. Northern Trust Corp now owns 286,909 shares of the specialty retailer’s stock worth $5,693,000 after acquiring an additional 50,166 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Golfsmith International by 12.6% in the second quarter. State Street Corp now owns 376,146 shares of the specialty retailer’s stock worth $7,466,000 after acquiring an additional 42,005 shares during the last quarter.
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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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