Principal Financial Group Inc. grew its stake in Golfsmith International Holdings, Inc. (NASDAQ:GOLF) by 44.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,485,832 shares of the specialty retailer’s stock after buying an additional 1,070,023 shares during the quarter. Principal Financial Group Inc. owned 4.68% of Golfsmith International Holdings worth $61,908,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. acquired a new position in shares of Golfsmith International Holdings in the second quarter valued at approximately $256,000. American International Group Inc. acquired a new position in shares of Golfsmith International Holdings in the first quarter valued at approximately $227,000. Suntrust Banks Inc. bought a new stake in shares of Golfsmith International Holdings in the second quarter worth $273,000. Bank of America Corp DE lifted its position in shares of Golfsmith International Holdings by 469.6% in the first quarter. Bank of America Corp DE now owns 17,606 shares of the specialty retailer’s stock worth $304,000 after purchasing an additional 14,515 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Golfsmith International Holdings by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,348 shares of the specialty retailer’s stock worth $404,000 after purchasing an additional 904 shares in the last quarter.

Golfsmith International Holdings (NASDAQ:GOLF) last posted its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The firm had revenue of $347.30 million for the quarter, compared to the consensus estimate of $339.73 million. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year.

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

A number of analysts have recently commented on GOLF shares. Raymond James Financial, Inc. lowered shares of Golfsmith International Holdings from an “outperform” rating to a “mkt perform” rating in a research report on Saturday, July 22nd. BidaskClub raised shares of Golfsmith International Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Zacks Investment Research lowered shares of Golfsmith International Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Morgan Stanley boosted their price objective on shares of Golfsmith International Holdings from $19.50 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Finally, KeyCorp reissued an “overweight” rating and issued a $20.00 price objective on shares of Golfsmith International Holdings in a research report on Wednesday, August 30th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.19.

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Golfsmith International Holdings Company Profile

Institutional Ownership by Quarter for Golfsmith International Holdings (NASDAQ:GOLF)

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