Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Analysts at SunTrust Banks raised their Q1 2018 earnings estimates for shares of Golfsmith International in a report issued on Thursday. SunTrust Banks analyst M. Swartz now expects that the specialty retailer will post earnings per share of $0.52 for the quarter, up from their previous estimate of $0.49. SunTrust Banks currently has a “Buy” rating and a $24.00 target price on the stock. SunTrust Banks also issued estimates for Golfsmith International’s Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $1.36 EPS and FY2019 earnings at $1.48 EPS.
Golfsmith International (NASDAQ:GOLF) last announced its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The firm had revenue of $347.30 million for the quarter, compared to analyst estimates of $339.73 million. The business’s quarterly revenue was up 2.4% on a year-over-year basis.
Shares of Golfsmith International (NASDAQ GOLF) opened at $21.90 on Monday. Golfsmith International has a 1-year low of $15.16 and a 1-year high of $22.08.
Several large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Golfsmith International by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 70,554 shares of the specialty retailer’s stock worth $1,400,000 after purchasing an additional 361 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Golfsmith International by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,348 shares of the specialty retailer’s stock worth $404,000 after purchasing an additional 904 shares during the period. Teachers Advisors LLC boosted its position in shares of Golfsmith International by 5.9% during the 2nd quarter. Teachers Advisors LLC now owns 40,784 shares of the specialty retailer’s stock worth $809,000 after purchasing an additional 2,286 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Golfsmith International by 8.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 60,637 shares of the specialty retailer’s stock worth $1,203,000 after purchasing an additional 4,763 shares during the period. Finally, Comerica Bank boosted its position in shares of Golfsmith International by 5.4% during the 3rd quarter. Comerica Bank now owns 118,064 shares of the specialty retailer’s stock worth $2,138,000 after purchasing an additional 6,023 shares during the period.
In related news, insider Mirae Asset Partners Private E sold 9,165,542 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $17.00, for a total transaction of $155,814,214.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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.
Receive News & Ratings for Golfsmith International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golfsmith International and related companies with MarketBeat.com's FREE daily email newsletter.