Golfsmith International (GOLF) PT Set at $26.00 by KeyCorp
KeyCorp set a $26.00 price target on Golfsmith International (NASDAQ:GOLF) in a research note issued to investors on Wednesday. The brokerage currently has a buy rating on the specialty retailer’s stock. KeyCorp also issued estimates for Golfsmith International’s Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.28 EPS and FY2019 earnings at $1.85 EPS.
A number of other equities analysts have also weighed in on GOLF. Zacks Investment Research lowered Golfsmith International from a buy rating to a hold rating in a research report on Tuesday, March 6th. Jefferies Group reiterated a buy rating and set a $27.00 price target on shares of Golfsmith International in a report on Wednesday. SunTrust Banks reiterated a buy rating and set a $24.00 price target on shares of Golfsmith International in a report on Friday, January 26th. Imperial Capital upped their price target on Golfsmith International from $15.00 to $17.00 and gave the stock an in-line rating in a report on Friday, November 10th. Finally, Morgan Stanley upped their price target on Golfsmith International from $19.50 to $20.00 and gave the stock an overweight rating in a report on Thursday, November 9th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Golfsmith International has a consensus rating of Hold and an average target price of $22.69.
Golfsmith International (NASDAQ:GOLF) opened at $23.01 on Wednesday. Golfsmith International has a 12-month low of $15.16 and a 12-month high of $23.36.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 19th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.52 annualized dividend and a yield of 2.26%. This is an increase from Golfsmith International’s previous quarterly dividend of $0.12. Golfsmith International’s dividend payout ratio is -800.00%.
A number of large investors have recently made changes to their positions in the business. Granite Investment Partners LLC grew its stake in Golfsmith International by 31.4% in the 4th quarter. Granite Investment Partners LLC now owns 879,968 shares of the specialty retailer’s stock valued at $18,550,000 after purchasing an additional 210,212 shares during the period. Quantitative Systematic Strategies LLC bought a new position in Golfsmith International in the 4th quarter valued at $223,000. Deprince Race & Zollo Inc. grew its stake in Golfsmith International by 19.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,539,138 shares of the specialty retailer’s stock valued at $32,445,000 after purchasing an additional 245,523 shares during the period. Comerica Bank grew its stake in Golfsmith International by 5.4% in the 3rd quarter. Comerica Bank now owns 118,064 shares of the specialty retailer’s stock valued at $2,138,000 after purchasing an additional 6,023 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Golfsmith International by 12.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 159,647 shares of the specialty retailer’s stock valued at $2,835,000 after purchasing an additional 18,071 shares during the period.
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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.
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