News stories about Golfsmith International (NASDAQ:GOLF) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Golfsmith International earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 45.7823918057558 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected 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)
Several research analysts have issued reports on GOLF shares. SunTrust Banks restated a “buy” rating and issued a $24.00 price target on shares of Golfsmith International in a research report on Friday, January 26th. KeyCorp set a $26.00 price target on shares of Golfsmith International and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of Golfsmith International from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday, March 7th. Jefferies Group reissued a “buy” rating and set a $27.00 target price on shares of Golfsmith International in a research note on Wednesday, March 7th. Finally, DA Davidson set a $24.00 target price on shares of Golfsmith International and gave the company a “hold” rating in a research note on Thursday, March 8th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $22.69.
Golfsmith International (NASDAQ:GOLF) last released its quarterly earnings results on Wednesday, March 7th. The specialty retailer reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. The firm had revenue of $351.40 million during the quarter, compared to analyst estimates of $341.91 million. The business’s revenue was up 6.5% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.19%. This is a positive change from Golfsmith International’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 16th. Golfsmith International’s dividend payout ratio is presently -800.00%.
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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