Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Golfsmith International (GOLF) Share Price

Media coverage about Golfsmith International (NASDAQ:GOLF) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Golfsmith International earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 46.7369631767529 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several research firms have commented on GOLF. KeyCorp reissued an “overweight” rating on shares of Golfsmith International in a research report on Thursday, November 9th. BidaskClub lowered Golfsmith International from a “hold” rating to a “sell” rating in a research report on Saturday, September 2nd. Zacks Investment Research raised Golfsmith International from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, November 10th. Morgan Stanley raised their price objective on Golfsmith International from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Finally, Imperial Capital raised their price objective on Golfsmith International from $15.00 to $17.00 and gave the company an “in-line” rating in a research report on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.55.

Golfsmith International (NASDAQ:GOLF) last announced its quarterly earnings data on Wednesday, November 8th. The specialty retailer reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarterly revenue was up 2.4% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of Infinity. The ex-dividend date was Thursday, November 30th.

In other Golfsmith International news, insider Mirae Asset Partners Private E sold 9,165,542 shares of Golfsmith International stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $17.00, for a total value of $155,814,214.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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About Golfsmith International

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