Golfsmith International Holdings, Inc. (GOLF) Rating Reiterated by KeyCorp
Other equities analysts have also issued research reports about the company. Roth Capital lowered Golfsmith International Holdings from a buy rating to a neutral rating and cut their price target for the company from $25.00 to $20.00 in a research note on Monday, August 7th. DA Davidson lowered Golfsmith International Holdings from a buy rating to a neutral rating and cut their price target for the company from $23.00 to $17.00 in a research note on Friday, August 11th. Jefferies Group LLC set a $22.00 price target on Golfsmith International Holdings and gave the company a buy rating in a research note on Friday, August 11th. Nomura upped their price target on Golfsmith International Holdings from $18.00 to $19.00 and gave the company a buy rating in a research note on Thursday, November 9th. Finally, Imperial Capital reaffirmed an in-line rating and set a $15.00 price target (down previously from $19.00) on shares of Golfsmith International Holdings in a research note on Friday, August 11th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $19.69.
Golfsmith International Holdings (NASDAQ:GOLF) last issued its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 earnings per share (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 firm’s revenue was up 2.4% compared to the same quarter last year.
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 $0.12 dividend. This represents a $0.48 annualized dividend and a yield of Infinity. The ex-dividend date is Thursday, November 30th.
In other Golfsmith International Holdings news, insider Mirae Asset Partners Private E sold 9,165,542 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $17.00, for a total value of $155,814,214.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
A number of large investors have recently added to or reduced their stakes in GOLF. Principal Financial Group Inc. acquired a new position in Golfsmith International Holdings in the second quarter valued at about $47,929,000. Granite Investment Partners LLC bought a new stake in shares of Golfsmith International Holdings in the second quarter worth about $10,779,000. Laurion Capital Management LP bought a new stake in shares of Golfsmith International Holdings in the second quarter worth about $9,920,000. Vanguard Group Inc. increased its holdings in shares of Golfsmith International Holdings by 7.9% in the first quarter. Vanguard Group Inc. now owns 1,641,775 shares of the specialty retailer’s stock worth $28,370,000 after acquiring an additional 120,015 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Golfsmith International Holdings in the second quarter worth about $2,354,000.
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About Golfsmith International Holdings
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