Analysts Offer Predictions for Golfsmith International Holdings, Inc.’s Q4 2017 Earnings (GOLF)
Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Investment analysts at Jefferies Group lifted their Q4 2017 earnings per share (EPS) estimates for shares of Golfsmith International Holdings in a report released on Wednesday. Jefferies Group analyst R. Konik now anticipates that the specialty retailer will post earnings per share of $0.21 for the quarter, up from their previous estimate of $0.13. Jefferies Group has a “Buy” rating and a $22.00 price objective on the stock. Jefferies Group also issued estimates for Golfsmith International Holdings’ FY2018 earnings at $1.46 EPS.
A number of other research analysts have also recently issued reports on the company. Raymond James Financial, Inc. cut Golfsmith International Holdings from an “outperform” rating to a “mkt perform” rating in a research report on Saturday, July 22nd. cut Golfsmith International Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. lowered Golfsmith International Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, September 2nd. KeyCorp reissued an “overweight” rating and set a $20.00 price target on shares of Golfsmith International Holdings in a research note on Wednesday, August 30th. Finally, set a $16.00 price target on Golfsmith International Holdings and gave the company a “hold” rating in a research note on Monday, August 14th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $20.19.
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Golfsmith International Holdings (NASDAQ:GOLF) last issued its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The company had revenue of $347.30 million during the quarter, compared to the consensus estimate of $339.73 million. The business’s quarterly revenue was up 2.4% compared to the same quarter last year.
The firm also recently declared 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 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend is Thursday, November 30th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Golfsmith International Holdings by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 3,580,300 shares of the specialty retailer’s stock valued at $71,033,000 after acquiring an additional 31,602 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Golfsmith International Holdings by 44.3% during the third quarter. Principal Financial Group Inc. now owns 3,485,832 shares of the specialty retailer’s stock worth $61,908,000 after buying an additional 1,070,023 shares in the last quarter. Vanguard Group Inc. grew its holdings in Golfsmith International Holdings by 2.2% during the second quarter. Vanguard Group Inc. now owns 1,678,680 shares of the specialty retailer’s stock worth $33,306,000 after buying an additional 36,905 shares in the last quarter. Van Berkom & Associates Inc. bought a new stake in Golfsmith International Holdings during the second quarter worth $23,159,000. Finally, Westfield Capital Management Co. LP grew its holdings in Golfsmith International Holdings by 3.4% during the second quarter. Westfield Capital Management Co. LP now owns 1,132,095 shares of the specialty retailer’s stock worth $22,461,000 after buying an additional 37,205 shares in the last quarter.
Golfsmith International Holdings Company Profile
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