Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Stock analysts at Imperial Capital raised their Q2 2018 earnings estimates for Golfsmith International in a report released on Thursday. Imperial Capital analyst G. Kelly now forecasts that the specialty retailer will earn $0.59 per share for the quarter, up from their prior estimate of $0.44. Imperial Capital has a “In-Line” rating and a $22.00 price objective on the stock. Imperial Capital also issued estimates for Golfsmith International’s Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $1.54 EPS and FY2019 earnings at $1.60 EPS.
Golfsmith International (NASDAQ:GOLF) last posted its earnings results on Wednesday, March 7th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $351.40 million during the quarter, compared to analyst estimates of $341.91 million. Golfsmith International’s revenue for the quarter was up 6.5% compared to the same quarter last year.
Golfsmith International (NASDAQ GOLF) opened at $23.33 on Monday. Golfsmith International has a 52 week low of $15.16 and a 52 week high of $23.64.
Several institutional investors have recently modified their holdings of GOLF. Alliancebernstein L.P. bought a new stake in shares of Golfsmith International in the second quarter valued at about $256,000. Northern Trust Corp lifted its holdings 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 valued at $5,693,000 after purchasing an additional 50,166 shares in the last quarter. State Street Corp lifted its holdings in shares of 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 in the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 valued at $404,000 after purchasing an additional 904 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Golfsmith International by 44.3% in the third quarter. Principal Financial Group Inc. now owns 3,485,832 shares of the specialty retailer’s stock valued at $61,908,000 after purchasing an additional 1,070,023 shares in the last quarter.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.23%. This is a positive change from Golfsmith International’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 16th. Golfsmith International’s payout ratio is -800.00%.
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Golfsmith International Company Profile
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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