Equities analysts expect that Golfsmith International Holdings, Inc. (NASDAQ:GOLF) will report $464.50 million in sales for the current quarter, Zacks reports. Nine analysts have issued estimates for Golfsmith International Holdings’ earnings, with the lowest sales estimate coming in at $458.10 million and the highest estimate coming in at $474.48 million. The company is expected to announce its next quarterly earnings report on Friday, August 11th.

On average, analysts expect that Golfsmith International Holdings will report full year sales of $464.50 million for the current fiscal year, with estimates ranging from $1.57 billion to $1.59 billion. For the next financial year, analysts expect that the company will report sales of $1.62 billion per share, with estimates ranging from $1.58 billion to $1.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Golfsmith International Holdings.

GOLF has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Golfsmith International Holdings from a “hold” rating to a “sell” rating in a report on Monday, March 27th. Roth Capital set a $25.00 price target on Golfsmith International Holdings and gave the company a “buy” rating in a research report on Wednesday, May 24th. Credit Suisse Group set a $21.00 price target on Golfsmith International Holdings and gave the company a “hold” rating in a research report on Sunday, May 28th. Jefferies Group LLC set a $25.00 price target on Golfsmith International Holdings and gave the company a “buy” rating in a research report on Saturday, May 13th. Finally, Imperial Capital decreased their price target on Golfsmith International Holdings from $20.00 to $19.00 and set an “in-line” rating on the stock in a research report on Thursday, March 23rd. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $22.08.

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Golfsmith International Holdings (GOLF) opened at 19.90 on Friday. The company has a market capitalization of $1.48 billion and a price-to-earnings ratio of 23.52. Golfsmith International Holdings has a 52-week low of $16.84 and a 52-week high of $22.31. The company’s 50-day moving average is $19.20 and its 200-day moving average is $18.59.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Wednesday, May 31st.

In other Golfsmith International Holdings news, insider Wb Atlas Llc sold 2,195,469 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $19.63, for a total transaction of $43,097,056.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Golfsmith International Holdings by 39.3% in the first quarter. JPMorgan Chase & Co. now owns 3,548,698 shares of the specialty retailer’s stock worth $61,322,000 after buying an additional 1,001,850 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in Golfsmith International Holdings during the fourth quarter worth $420,000. Sanders Morris Harris Inc. raised its stake in Golfsmith International Holdings by 10.0% in the first quarter. Sanders Morris Harris Inc. now owns 55,000 shares of the specialty retailer’s stock worth $950,000 after buying an additional 5,000 shares during the period. Comerica Bank bought a new stake in Golfsmith International Holdings during the fourth quarter worth $1,501,000. Finally, State Street Corp bought a new stake in Golfsmith International Holdings during the fourth quarter worth $6,261,000.

About Golfsmith International Holdings

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

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