Wall Street brokerages forecast that Golfsmith International Holdings, Inc. (NASDAQ:GOLF) will report sales of $440.98 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Golfsmith International’s earnings. The lowest sales estimate is $431.00 million and the highest is $447.20 million. Golfsmith International reported sales of $433.62 million during the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The business is scheduled to report its next earnings report before the market opens on Thursday, May 3rd.
On average, analysts expect that Golfsmith International will report full year sales of $1.61 billion for the current year, with estimates ranging from $1.60 billion to $1.62 billion. For the next year, analysts forecast that the company will report sales of $1.65 billion per share, with estimates ranging from $1.63 billion to $1.68 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Golfsmith International.
Golfsmith International (NASDAQ:GOLF) last released its quarterly earnings results on Wednesday, March 7th. The specialty retailer reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The firm had revenue of $351.40 million for the quarter, compared to analyst estimates of $341.91 million. Golfsmith International’s quarterly revenue was up 6.5% on a year-over-year basis.
Several research firms recently weighed in on GOLF. KeyCorp lifted their price target on 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 Golfsmith International from a “buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a report on Monday, March 19th. SunTrust Banks reissued a “buy” rating and set a $24.00 price target on shares of Golfsmith International in a report on Friday, January 26th. Jefferies Group reissued a “buy” rating and set a $27.00 price target on shares of Golfsmith International in a report on Wednesday, March 7th. Finally, Wells Fargo lifted their price target on Golfsmith International from $23.00 to $24.00 and gave the stock a “market perform” rating 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’s stock. Golfsmith International currently has an average rating of “Hold” and an average target price of $22.93.
NASDAQ:GOLF traded up $0.19 during mid-day trading on Monday, hitting $24.30. 179,768 shares of the stock were exchanged, compared to its average volume of 228,162. Golfsmith International has a fifty-two week low of $15.16 and a fifty-two week high of $24.49.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Monday, March 19th were issued a $0.13 dividend. 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. This represents a $0.52 annualized dividend and a yield of 2.14%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantitative Systematic Strategies LLC acquired a new position in Golfsmith International in the 4th quarter valued at $223,000. Granite Investment Partners LLC raised its holdings in Golfsmith International by 31.4% in the 4th quarter. Granite Investment Partners LLC now owns 879,968 shares of the specialty retailer’s stock valued at $18,550,000 after acquiring an additional 210,212 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in Golfsmith International by 19.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,539,138 shares of the specialty retailer’s stock valued at $32,445,000 after acquiring an additional 245,523 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Golfsmith International by 12.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 159,647 shares of the specialty retailer’s stock valued at $2,835,000 after acquiring an additional 18,071 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings 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 valued at $1,391,000 after acquiring an additional 10,515 shares in the last quarter.
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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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