DA Davidson set a $24.00 price objective on Golfsmith International (NASDAQ:GOLF) in a report published 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 research analysts have also issued reports about the company. SunTrust Banks restated a buy rating and issued a $24.00 target price on shares of Golfsmith International in a report on Friday, January 26th. Zacks Investment Research upgraded Golfsmith International from a hold rating to a buy rating and set a $21.00 target price for the company in a report on Friday, November 10th. Nomura boosted their target price on Golfsmith International from $18.00 to $19.00 and gave the stock a buy rating in a report on Thursday, November 9th. KeyCorp set a $26.00 target price on Golfsmith International and gave the stock a buy rating in a report on Wednesday. Finally, Jefferies Group restated a buy rating and issued a $27.00 target price on shares of Golfsmith International in a report on Wednesday. Seven 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 a consensus price target of $22.69.
Shares of Golfsmith International (NASDAQ GOLF) traded up $0.42 during trading on Thursday, hitting $23.01. The stock had a trading volume of 457,443 shares, compared to its average volume of 209,848. Golfsmith International has a fifty-two week low of $15.16 and a fifty-two week high of $23.36.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be given 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 yield of 2.26%. The ex-dividend date is Friday, March 16th. Golfsmith International’s payout ratio is currently -800.00%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quantitative Systematic Strategies LLC bought a new position in Golfsmith International in the 4th quarter worth approximately $223,000. Alliancebernstein L.P. bought a new position in Golfsmith International in the 2nd quarter worth approximately $256,000. The Manufacturers Life Insurance Company increased its position in Golfsmith International by 4.6% in the 2nd 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 during the period. TIAA CREF Investment Management LLC increased its position in Golfsmith International by 8.5% in the 2nd 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 during the period. Finally, New York State Common Retirement Fund increased its position in Golfsmith International by 15.5% in the 3rd quarter. New York State Common Retirement Fund now owns 78,310 shares of the specialty retailer’s stock worth $1,391,000 after buying an additional 10,515 shares during the period.
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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