Golfsmith International (GOLF) Getting Somewhat Positive News Coverage, Study Shows

Media stories about Golfsmith International (NASDAQ:GOLF) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Golfsmith International earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 47.1676171365983 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend was Thursday, November 30th.

Several equities research analysts have commented on the stock. KeyCorp set a $20.00 price objective on shares of Golfsmith International and gave the company a “buy” rating in a report on Saturday, October 21st. Nomura upped their price objective on shares of Golfsmith International from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Jefferies Group set a $22.00 price objective on shares of Golfsmith International and gave the company a “buy” rating in a report on Thursday, October 26th. Imperial Capital upped their price objective on shares of Golfsmith International from $15.00 to $17.00 and gave the company an “in-line” rating in a report on Friday, November 10th. Finally, BidaskClub raised shares of Golfsmith International from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Golfsmith International has a consensus rating of “Hold” and an average price target of $19.55.

In other news, insider Mirae Asset Partners Private E sold 9,165,542 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $17.00, for a total transaction of $155,814,214.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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