Press coverage about Golfsmith International (NASDAQ:GOLF) has trended somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Golfsmith International earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the specialty retailer an impact score of 47.1284280519958 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- FY2018 Earnings Estimate for Golfsmith International Holdings, Inc. (GOLF) Issued By DA Davidson (americanbankingnews.com)
- Golfsmith International Holdings, Inc. (GOLF) Forecasted to Post Q3 2018 Earnings of $0.21 Per Share (americanbankingnews.com)
- Q3 2018 Earnings Estimate for Golfsmith International Holdings, Inc. (GOLF) Issued By SunTrust Banks (americanbankingnews.com)
- Q2 2018 EPS Estimates for Golfsmith International Holdings, Inc. (GOLF) Lifted by Imperial Capital (americanbankingnews.com)
- KeyCorp Analysts Give Golfsmith International (GOLF) a $26.00 Price Target (americanbankingnews.com)
GOLF has been the subject of several research analyst reports. Imperial Capital reiterated an “in-line” rating and issued a $22.00 price objective (up from $17.50) on shares of Golfsmith International in a research report on Thursday, March 8th. Zacks Investment Research lowered Golfsmith International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. KeyCorp reiterated an “overweight” rating on shares of Golfsmith International in a research report on Tuesday, November 21st. Morgan Stanley boosted their price objective on Golfsmith International from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 8th. Finally, DA Davidson set a $24.00 price objective on Golfsmith International and gave the company a “hold” rating in a research report on Thursday, March 8th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $22.69.
Golfsmith International (NASDAQ:GOLF) last released its quarterly earnings results on Wednesday, March 7th. The specialty retailer reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $351.40 million for the quarter, compared to analyst estimates of $341.91 million. The firm’s quarterly revenue was up 6.5% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, March 16th. This represents a $0.52 dividend on an annualized basis and a yield of 2.19%. This is an increase from Golfsmith International’s previous quarterly dividend of $0.12. Golfsmith International’s dividend payout ratio is -800.00%.
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About Golfsmith International
Golfsmith International Holdings, Inc, the parent company of Golfsmith International, Inc, is a holding company. The Company is a specialty retailer of golf and tennis equipment, apparel, footwear and accessories. The Company operates as an integrated multi-channel retailer, providing its customers the convenience of shopping in the retail stores across United States, through its Internet site, www.golfsmith.com, and from its catalogs.
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