Golfsmith International Holdings, Inc. (GOLF) Price Target Increased to $20.00 by Analysts at Morgan Stanley

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) had its target price boosted by Morgan Stanley from $19.50 to $20.00 in a research report released on Thursday morning. Morgan Stanley currently has an overweight rating on the specialty retailer’s stock.

A number of other analysts have also recently issued reports on GOLF. Raymond James Financial, Inc. reissued a market perform rating and set a $22.00 price objective on shares of Golfsmith International Holdings in a research report on Friday, July 21st. Zacks Investment Research cut Golfsmith International Holdings from a hold rating to a sell rating in a research report on Tuesday, July 25th. Roth Capital cut Golfsmith International Holdings from a buy rating to a neutral rating and reduced their price target for the stock from $25.00 to $20.00 in a research report on Monday, August 7th. DA Davidson cut Golfsmith International Holdings from a buy rating to a neutral rating and reduced their price target for the stock from $23.00 to $17.00 in a research report on Friday, August 11th. Finally, Imperial Capital reaffirmed an in-line rating and issued a $15.00 price target (down previously from $19.00) on shares of Golfsmith International Holdings in a research report on Friday, August 11th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $20.19.

Golfsmith International Holdings (NASDAQ:GOLF) last released its quarterly earnings data on Wednesday, November 8th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $347.30 million for the quarter, compared to analyst estimates of $339.73 million. Golfsmith International Holdings’s revenue for the quarter was up 2.4% compared to the same quarter last year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of Infinity.

Several hedge funds and other institutional investors have recently bought and sold shares of GOLF. American International Group Inc. acquired a new position in shares of Golfsmith International Holdings during the 1st quarter worth about $227,000. Alliancebernstein L.P. acquired a new position in shares of Golfsmith International Holdings during the 2nd quarter worth about $256,000. Suntrust Banks Inc. acquired a new position in shares of Golfsmith International Holdings during the 2nd quarter worth about $273,000. Bank of America Corp DE lifted its position in shares of Golfsmith International Holdings by 469.6% during the 1st quarter. Bank of America Corp DE now owns 17,606 shares of the specialty retailer’s stock worth $304,000 after purchasing an additional 14,515 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Golfsmith International Holdings by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,348 shares of the specialty retailer’s stock worth $404,000 after purchasing an additional 904 shares during the last quarter.

About Golfsmith International Holdings

Analyst Recommendations for Golfsmith International Holdings (NASDAQ:GOLF)

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