Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Imperial Capital boosted their Q1 2018 EPS estimates for shares of Golfsmith International in a note issued to investors on Thursday. Imperial Capital analyst G. Kelly now expects that the specialty retailer will post earnings of $0.54 per share for the quarter, up from their prior forecast of $0.52. Imperial Capital has a “In-Line” rating and a $22.00 price target on the stock. Imperial Capital also issued estimates for Golfsmith International’s Q3 2018 earnings at $0.18 EPS.
Golfsmith International (NASDAQ:GOLF) last announced its quarterly earnings results on Wednesday, March 7th. The specialty retailer reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $351.40 million for the quarter, compared to analysts’ expectations of $341.91 million. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.
Golfsmith International (GOLF) opened at $23.01 on Friday. Golfsmith International has a 52 week low of $15.16 and a 52 week high of $23.36.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, March 16th. This is a positive change from Golfsmith International’s previous quarterly dividend of $0.12. Golfsmith International’s payout ratio is -800.00%.
A number of institutional investors and hedge funds have recently bought and sold shares of GOLF. Alliancebernstein L.P. purchased a new position in Golfsmith International in the second quarter valued at about $256,000. TIAA CREF Investment Management LLC grew its stake in 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 valued at $1,203,000 after purchasing an additional 4,763 shares during the last quarter. Northern Trust Corp grew its stake in Golfsmith International by 21.2% in the second quarter. Northern Trust Corp now owns 286,909 shares of the specialty retailer’s stock valued at $5,693,000 after purchasing an additional 50,166 shares during the last quarter. Vanguard Group Inc. grew its stake in Golfsmith International by 2.2% in the second quarter. Vanguard Group Inc. now owns 1,678,680 shares of the specialty retailer’s stock valued at $33,306,000 after purchasing an additional 36,905 shares during the last quarter. Finally, State Street Corp grew its stake in Golfsmith International by 12.6% in the second quarter. State Street Corp now owns 376,146 shares of the specialty retailer’s stock valued at $7,466,000 after purchasing an additional 42,005 shares during the last quarter.
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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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