Wall Street analysts expect Golfsmith International Holdings, Inc. (NASDAQ:GOLF) to announce $339.80 million in sales for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for Golfsmith International Holdings’ earnings, with the highest sales estimate coming in at $347.10 million and the lowest estimate coming in at $333.50 million. Golfsmith International Holdings posted sales of $332.35 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.2%. The company is scheduled to report its next earnings results on Thursday, December 14th.

According to Zacks, analysts expect that Golfsmith International Holdings will report full-year sales of $339.80 million for the current financial year, with estimates ranging from $1.54 billion to $1.55 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.59 billion per share, with estimates ranging from $1.57 billion to $1.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Golfsmith International Holdings.

Several equities analysts have recently commented on GOLF shares. Jefferies Group LLC set a $22.00 price target on Golfsmith International Holdings and gave the company a “buy” rating in a research note on Friday, August 11th. Roth Capital set a $25.00 price target on Golfsmith International Holdings and gave the company a “buy” rating in a research note on Wednesday, May 24th. Forward View set a $16.00 price target on Golfsmith International Holdings and gave the company a “hold” rating in a research note on Monday, August 14th. Credit Suisse Group set a $21.00 target price on Golfsmith International Holdings and gave the stock a “hold” rating in a research note on Sunday, May 28th. Finally, Zacks Investment Research raised Golfsmith International Holdings from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Golfsmith International Holdings presently has a consensus rating of “Hold” and a consensus target price of $20.47.

In other Golfsmith International Holdings news, insider Wb Atlas Llc sold 2,195,469 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $19.63, for a total transaction of $43,097,056.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in Golfsmith International Holdings by 27.4% during the 1st quarter. Wellington Management Group LLP now owns 3,831,257 shares of the specialty retailer’s stock worth $66,205,000 after purchasing an additional 824,246 shares during the period. JPMorgan Chase & Co. increased its holdings in Golfsmith International Holdings by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,580,300 shares of the specialty retailer’s stock worth $71,033,000 after purchasing an additional 31,602 shares during the period. Principal Financial Group Inc. purchased a new stake in Golfsmith International Holdings during the 2nd quarter worth about $47,929,000. Levin Capital Strategies L.P. increased its holdings in Golfsmith International Holdings by 58.6% during the 1st quarter. Levin Capital Strategies L.P. now owns 2,335,024 shares of the specialty retailer’s stock worth $40,349,000 after purchasing an additional 863,176 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Golfsmith International Holdings by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,678,680 shares of the specialty retailer’s stock worth $33,306,000 after purchasing an additional 36,905 shares during the period.

Shares of Golfsmith International Holdings (GOLF) opened at 16.65 on Friday. Golfsmith International Holdings has a 1-year low of $15.16 and a 1-year high of $22.31. The firm has a 50-day moving average price of $17.28 and a 200-day moving average price of $18.24. The stock has a market cap of $1.24 billion and a price-to-earnings ratio of 17.49.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.88%. The ex-dividend date is Wednesday, August 30th.

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Golfsmith International Holdings Company Profile

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

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