FY2017 EPS Estimates for Golfsmith International Holdings, Inc. (GOLF) Boosted by Analyst

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Investment analysts at SunTrust Banks lifted their FY2017 EPS estimates for shares of Golfsmith International Holdings in a report released on Wednesday. SunTrust Banks analyst M. Swartz now forecasts that the specialty retailer will post earnings per share of $1.24 for the year, up from their previous estimate 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.

Other equities research analysts have also recently issued research reports about the stock. Nomura lifted their price target on shares of Golfsmith International Holdings from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Roth Capital cut shares of Golfsmith International Holdings from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $20.00 in a research report on Monday, August 7th. KeyCorp reiterated an “overweight” rating on shares of Golfsmith International Holdings in a research report on Thursday, November 9th. DA Davidson cut shares of Golfsmith International Holdings from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $17.00 in a research report on Friday, August 11th. Finally, Jefferies Group LLC set a $22.00 price target on shares of Golfsmith International Holdings and gave the stock a “buy” rating in a research report on Friday, August 11th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.19.

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

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

A number of institutional investors have recently added to or reduced their stakes in GOLF. American International Group Inc. bought a new position in Golfsmith International Holdings during the 1st quarter worth approximately $227,000. Alliancebernstein L.P. bought a new position in Golfsmith International Holdings during the 2nd quarter worth approximately $256,000. Suntrust Banks Inc. bought a new position in Golfsmith International Holdings during the 2nd quarter worth approximately $273,000. Bank of America Corp DE boosted its stake 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 acquiring an additional 14,515 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Golfsmith International Holdings by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,348 shares of the specialty retailer’s stock worth $404,000 after acquiring an additional 904 shares during the last quarter.

About Golfsmith International Holdings

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

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