Today, Brokers Offer Predictions for Golfsmith International Holdings, Inc.’s Q3 2016 Earnings (GOLF)

Today, Brokers Offer Predictions for Golfsmith International Holdings, Inc.’s Q3 2016 Earnings (GOLF)
Golfsmith International Holdings, Inc. (NASDAQ:GOLF) – Equities research analysts at KeyCorp issued their Q3 2016 EPS estimates for shares of Golfsmith International Holdings in a research note issued on Tuesday. KeyCorp analyst S. Hamann expects that the brokerage will earn $0.04 per share for the quarter. KeyCorp currently has a “Overweight” rating on the stock. KeyCorp also issued estimates for Golfsmith International Holdings’ Q4 2016 earnings at $0.07 EPS, FY2016 earnings at $1.19 EPS, FY2017 earnings at $1.17 EPS and FY2018 earnings at $1.32 EPS.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Co. began coverage on Golfsmith International Holdings in a report on Tuesday. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. began coverage on Golfsmith International Holdings in a report on Tuesday. They issued a “neutral” rating on the stock. SunTrust Banks Inc. started coverage on Golfsmith International Holdings in a report on Tuesday. They issued a “buy” rating on the stock. Morgan Stanley started coverage on Golfsmith International Holdings in a research report on Tuesday. They issued an “overweight” rating for the company. Finally, Raymond James Financial Inc. started coverage on Golfsmith International Holdings in a research report on Tuesday. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $22.00.

Shares of Golfsmith International Holdings (NASDAQ:GOLF) opened at 20.25 on Thursday. The firm’s market capitalization is $441.88 million. The stock has a 50 day moving average of $18.40 and a 200-day moving average of $18.40. Golfsmith International Holdings has a 12-month low of $16.90 and a 12-month high of $20.50.

In other Golfsmith International Holdings news, Director Gregory A. Hewett bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was purchased at an average cost of $17.00 per share, with a total value of $170,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $170,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Walter R. Uihlein bought 70,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average cost of $17.00 per share, with a total value of $1,190,000.00. Following the completion of the transaction, the chief executive officer now owns 702,196 shares in the company, valued at $11,937,332. The disclosure for this purchase can be found here.

Golfsmith International Holdings Company Profile

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