Analysts expect that Golfsmith International Holdings, Inc. (NASDAQ:GOLF) will report $339.72 million in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Golfsmith International Holdings’ earnings. The lowest sales estimate is $333.50 million and the highest is $347.10 million. Golfsmith International Holdings reported sales of $332.35 million during the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, November 8th.

On average, analysts expect that Golfsmith International Holdings will report full-year sales of $339.72 million for the current fiscal year, with estimates ranging from $1.54 billion to $1.55 billion. For the next year, analysts anticipate that the company will report sales of $1.59 billion per share, with estimates ranging from $1.57 billion to $1.63 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Golfsmith International Holdings.

GOLF has been the subject of a number of research reports. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $22.00 price objective on shares of Golfsmith International Holdings in a research note on Friday, July 21st. Zacks Investment Research lowered shares of Golfsmith International Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Roth Capital lowered shares of Golfsmith International Holdings from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $20.00 in a research note on Monday, August 7th. DA Davidson downgraded shares of Golfsmith International Holdings from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $17.00 in a report on Friday, August 11th. Finally, Imperial Capital reiterated an “in-line” rating and issued a $15.00 target price (down from $19.00) on shares of Golfsmith International Holdings in a report on Friday, August 11th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.44.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Golfsmith International Holdings during the first quarter valued at about $150,000. American International Group Inc. acquired a new position in shares of Golfsmith International Holdings during the first quarter valued at about $227,000. Alliancebernstein L.P. acquired a new position in shares of Golfsmith International Holdings during the second quarter valued at about $256,000. Suntrust Banks Inc. acquired a new position in shares of Golfsmith International Holdings during the second quarter valued at about $273,000. Finally, Bank of America Corp DE increased its holdings in shares of Golfsmith International Holdings by 469.6% during the first quarter. Bank of America Corp DE now owns 17,606 shares of the specialty retailer’s stock valued at $304,000 after acquiring an additional 14,515 shares in the last quarter.

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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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