Analysts Set Golfsmith International Holdings, Inc. (GOLF) Target Price at $19.22
Golfsmith International Holdings, Inc. (NASDAQ:GOLF) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $19.22.
A number of research analysts have weighed in on the company. KeyCorp reissued an “overweight” rating on shares of Golfsmith International in a report on Tuesday, November 21st. Zacks Investment Research raised Golfsmith International from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, November 10th. Imperial Capital increased their target price on Golfsmith International from $15.00 to $17.00 and gave the company an “in-line” rating in a report on Friday, November 10th. Nomura increased their target price on Golfsmith International from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Morgan Stanley increased their target price on Golfsmith International from $19.50 to $20.00 and gave the company an “overweight” rating in a report on Thursday, November 9th.
Golfsmith International (NASDAQ:GOLF) last posted its earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $347.30 million during the quarter, compared to the consensus estimate of $339.73 million. Golfsmith International’s revenue for the quarter was up 2.4% compared to the same quarter last year.
In other news, insider Mirae Asset Partners Private E sold 9,165,542 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $17.00, for a total value of $155,814,214.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
A number of institutional investors and hedge funds have recently modified their holdings of GOLF. Principal Financial Group Inc. purchased a new position in Golfsmith International during the 2nd quarter valued at approximately $47,929,000. Laurion Capital Management LP purchased a new position in Golfsmith International during the 2nd quarter valued at approximately $9,920,000. Raymond James Financial Services Advisors Inc. purchased a new position in Golfsmith International during the 2nd quarter valued at approximately $2,354,000. WealthPLAN Partners LLC purchased a new position in Golfsmith International during the 2nd quarter valued at approximately $2,315,000. Finally, Bank of New York Mellon Corp grew its holdings in Golfsmith International by 70.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 141,576 shares of the specialty retailer’s stock valued at $2,809,000 after buying an additional 58,573 shares in the last quarter.
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About Golfsmith International
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