Golfsmith International Holdings, Inc. Expected to Earn FY2017 Earnings of $1.24 Per Share (GOLF)

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Equities researchers at SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for Golfsmith International Holdings in a research report issued on Wednesday. SunTrust Banks analyst M. Swartz now anticipates that the specialty retailer will post earnings per share of $1.24 for the year, up from their prior forecast of $1.22. SunTrust Banks also issued estimates for Golfsmith International Holdings’ Q4 2017 earnings at $0.16 EPS and FY2018 earnings at $1.32 EPS.

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

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Other analysts have also issued reports about the stock. KeyCorp set a $20.00 target price on shares of Golfsmith International Holdings and gave the stock a “buy” rating in a research note on Saturday, October 21st. Imperial Capital restated an “in-line” rating and set a $15.00 target price (down from $19.00) on shares of Golfsmith International Holdings in a research note on Friday, August 11th. Nomura upped their target price on shares of Golfsmith International Holdings from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Jefferies Group LLC set a $22.00 target price on shares of Golfsmith International Holdings and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and set a $22.00 target price on shares of Golfsmith International Holdings in a research note on Friday, July 21st. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $20.19.

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

Hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in Golfsmith International Holdings by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 70,554 shares of the specialty retailer’s stock worth $1,400,000 after purchasing an additional 361 shares in the last quarter. Wells Fargo & Company MN increased its position in Golfsmith International Holdings by 14.1% during the 2nd quarter. Wells Fargo & Company MN now owns 92,496 shares of the specialty retailer’s stock worth $1,834,000 after purchasing an additional 11,440 shares in the last quarter. Bank of America Corp DE increased its position in Golfsmith International Holdings by 469.6% during the 1st 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. Swiss National Bank purchased a new stake in Golfsmith International Holdings during the 2nd quarter worth about $734,000. Finally, Laurion Capital Management LP purchased a new stake in Golfsmith International Holdings during the 2nd quarter worth about $9,920,000.

Golfsmith International Holdings Company Profile

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

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