Brokerages Expect Golfsmith International Holdings, Inc. (GOLF) to Post $0.09 Earnings Per Share

Brokerages expect Golfsmith International Holdings, Inc. (NASDAQ:GOLF) to report earnings per share of $0.09 for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Golfsmith International Holdings’ earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.07. Golfsmith International Holdings posted earnings of ($0.22) per share in the same quarter last year, which indicates a positive year over year growth rate of 140.9%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, November 8th.

On average, analysts expect that Golfsmith International Holdings will report full-year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.05 to $1.26. For the next year, analysts expect that the firm will post earnings of $1.22 per share, with EPS estimates ranging from $1.06 to $1.35. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Golfsmith International Holdings.

Several analysts recently issued reports on GOLF shares. Jefferies Group LLC set a $22.00 price objective on shares of Golfsmith International Holdings and gave the company a “buy” rating in a report on Friday, August 11th. Zacks Investment Research upgraded shares of Golfsmith International Holdings from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, October 17th. KeyCorp set a $20.00 price objective on shares of Golfsmith International Holdings and gave the company a “buy” rating in a report on Saturday, October 21st. BidaskClub upgraded shares of Golfsmith International Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Forward View set a $16.00 price target on shares of Golfsmith International Holdings and gave the stock a “hold” rating in a research note on Monday, August 14th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Golfsmith International Holdings has an average rating of “Hold” and an average price target of $20.44.

Several hedge funds have recently added to or reduced their stakes in GOLF. Principal Financial Group Inc. purchased a new stake in shares of Golfsmith International Holdings during the second quarter worth approximately $47,929,000. Van Berkom & Associates Inc. purchased a new stake in shares of Golfsmith International Holdings during the second quarter worth approximately $23,159,000. Granite Investment Partners LLC purchased a new stake in shares of Golfsmith International Holdings during the second quarter worth approximately $10,779,000. Laurion Capital Management LP purchased a new stake in shares of Golfsmith International Holdings during the second quarter worth approximately $9,920,000. Finally, Vanguard Group Inc. increased its stake in shares of Golfsmith International Holdings by 7.9% during the first quarter. Vanguard Group Inc. now owns 1,641,775 shares of the specialty retailer’s stock worth $28,370,000 after buying an additional 120,015 shares during the period.

Shares of Golfsmith International Holdings (NASDAQ:GOLF) traded up $0.07 on Wednesday, reaching $18.16. 27,429 shares of the company traded hands.

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