DA Davidson set a $24.00 price target on Golfsmith International (NASDAQ:GOLF) in a research note released on Thursday. The firm currently has a hold rating on the specialty retailer’s stock. DA Davidson also issued estimates for Golfsmith International’s Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.14 EPS and Q4 2018 earnings at $0.24 EPS.
Other equities analysts also recently issued reports about the stock. SunTrust Banks reaffirmed a buy rating and set a $24.00 price objective on shares of Golfsmith International in a report on Friday, January 26th. Zacks Investment Research raised shares of Golfsmith International from a hold rating to a buy rating and set a $21.00 price objective on the stock in a report on Friday, November 10th. Nomura increased their price objective on shares of Golfsmith International from $18.00 to $19.00 and gave the company a buy rating in a report on Thursday, November 9th. KeyCorp set a $26.00 price objective on shares of Golfsmith International and gave the company a buy rating in a report on Wednesday, March 7th. Finally, Jefferies Group reaffirmed a buy rating and set a $27.00 price objective on shares of Golfsmith International in a report on Wednesday, March 7th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $22.69.
Golfsmith International (NASDAQ:GOLF) opened at $23.01 on Thursday. Golfsmith International has a twelve month low of $15.16 and a twelve month high of $23.36.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be paid a $0.13 dividend. This is an increase from Golfsmith International’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Friday, March 16th. Golfsmith International’s dividend payout ratio (DPR) is currently -800.00%.
Large investors have recently bought and sold shares of the company. Northern Trust Corp lifted its stake in shares of Golfsmith International by 21.2% in the second quarter. Northern Trust Corp now owns 286,909 shares of the specialty retailer’s stock worth $5,693,000 after buying an additional 50,166 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Golfsmith International by 8.5% in the second quarter. TIAA CREF Investment Management LLC now owns 60,637 shares of the specialty retailer’s stock worth $1,203,000 after buying an additional 4,763 shares in the last quarter. Comerica Bank lifted its stake in shares of Golfsmith International by 5.4% in 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 in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Golfsmith International 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 buying an additional 904 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Golfsmith International in the fourth quarter worth about $223,000.
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About Golfsmith International
Golfsmith International Holdings, Inc, the parent company of Golfsmith International, Inc, is a holding company. The Company is a specialty retailer of golf and tennis equipment, apparel, footwear and accessories. The Company operates as an integrated multi-channel retailer, providing its customers the convenience of shopping in the retail stores across United States, through its Internet site, www.golfsmith.com, and from its catalogs.
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