Equities analysts predict that Golfsmith International Holdings, Inc. (NASDAQ:GOLF) will report sales of $342.14 million for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Golfsmith International’s earnings. The lowest sales estimate is $337.80 million and the highest is $348.10 million. Golfsmith International reported sales of $329.76 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.8%. The company is scheduled to report its next earnings report on Thursday, March 29th.

According to Zacks, analysts expect that Golfsmith International will report full year sales of $342.14 million for the current fiscal year. For the next fiscal year, analysts forecast that the company will report sales of $1.59 billion per share, with estimates ranging from $1.57 billion to $1.63 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Golfsmith International.

Golfsmith International (NASDAQ:GOLF) last announced its quarterly earnings data on Wednesday, November 8th. The specialty retailer reported $0.12 EPS for the quarter, beating the 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% compared to the same quarter last year.

Several research analysts have commented on GOLF shares. 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. Nomura boosted their price objective on shares of Golfsmith International from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. BidaskClub downgraded shares of Golfsmith International from a “hold” rating to a “sell” rating in a research report on Saturday, September 2nd. KeyCorp restated an “overweight” rating and set a $20.00 price objective on shares of Golfsmith International in a research report on Wednesday, August 30th. Finally, Morgan Stanley boosted their price objective on shares of Golfsmith International from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $19.55.

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

In other Golfsmith International news, insider Mirae Asset Partners Private E sold 9,165,542 shares of the business’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 legal filing with the SEC, which is available at this hyperlink.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank grew its stake in shares of Golfsmith International by 5.4% during the third quarter. Comerica Bank now owns 118,064 shares of the specialty retailer’s stock worth $2,138,000 after buying an additional 6,023 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Golfsmith International by 12.8% during the third quarter. Bank of New York Mellon Corp now owns 159,647 shares of the specialty retailer’s stock worth $2,835,000 after buying an additional 18,071 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Golfsmith International by 15.5% during the third quarter. New York State Common Retirement Fund now owns 78,310 shares of the specialty retailer’s stock worth $1,391,000 after buying an additional 10,515 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Golfsmith International 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 during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Golfsmith International during the second quarter worth $2,354,000.

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Earnings History and Estimates for Golfsmith International (NASDAQ:GOLF)

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