Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Investment analysts at SunTrust Banks issued their Q3 2016 earnings per share (EPS) estimates for shares of Golfsmith International Holdings in a report released on Tuesday. SunTrust Banks analyst M. Swartz forecasts that the firm will post earnings of ($0.04) per share for the quarter. SunTrust Banks has a “Buy” rating and a $24.00 price objective on the stock. SunTrust Banks also issued estimates for Golfsmith International Holdings’ Q4 2016 earnings at $0.04 EPS, FY2016 earnings at $0.88 EPS, Q1 2017 earnings at $0.41 EPS, Q2 2017 earnings at $0.57 EPS, Q3 2017 earnings at $0.10 EPS, Q4 2017 earnings at $0.07 EPS, FY2017 earnings at $1.15 EPS and FY2018 earnings at $1.28 EPS.

A number of other analysts have also weighed in on the company. Wells Fargo & Co. began coverage on Golfsmith International Holdings in a research note on Tuesday. They set a “market perform” rating and a $21.00 price objective for the company. KeyCorp initiated coverage on Golfsmith International Holdings in a report on Tuesday. They set an “overweight” rating and a $23.00 target price for the company. JPMorgan Chase & Co. initiated coverage on Golfsmith International Holdings in a report on Tuesday. They set a “neutral” rating and a $21.00 target price for the company. Morgan Stanley initiated coverage on Golfsmith International Holdings in a report on Tuesday. They set an “overweight” rating and a $24.00 target price for the company. Finally, Raymond James Financial Inc. initiated coverage on Golfsmith International Holdings in a report on Tuesday. They set an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $22.30.

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

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Golfsmith International Holdings (NASDAQ:GOLF) opened at 20.24 on Thursday. The firm’s 50-day moving average is $18.49 and its 200-day moving average is $18.49. The stock’s market capitalization is $441.66 million. Golfsmith International Holdings has a 12-month low of $16.90 and a 12-month high of $20.50.

ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this news story on another site, it was stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this news story can be read at https://www.thecerbatgem.com/2016/11/26/golfsmith-international-holdings-inc-forecasted-to-post-q3-2016-earnings-of-0-04-per-share-golf.html.

In other Golfsmith International Holdings news, major shareholder Wb Atlas Llc sold 4,029,099 shares of the stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $17.00, for a total value of $68,494,683.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William C. Burke acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was purchased at an average price of $17.00 per share, with a total value of $850,000.00. Following the acquisition, the insider now owns 128,678 shares of the company’s stock, valued at approximately $2,187,526. The disclosure for this purchase can be found here.

About Golfsmith International Holdings

5 Day Chart for NASDAQ:GOLF

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