Mirae Asset Partners Private E Sells 9,165,542 Shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) Stock

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) insider Mirae Asset Partners Private E sold 9,165,542 shares of the firm’s stock in a transaction on 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 is available through this link.

Golfsmith International (NASDAQ:GOLF) last posted its earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 earnings per share 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 business’s quarterly revenue was up 2.4% on a year-over-year basis.

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

Several research analysts have issued reports on the stock. KeyCorp reissued an “overweight” rating on shares of Golfsmith International in a research report on Tuesday, November 21st. Zacks Investment Research upgraded shares of Golfsmith International from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Friday, November 10th. Imperial Capital raised their target price on shares of Golfsmith International from $15.00 to $17.00 and gave the stock an “in-line” rating in a research note on Friday, November 10th. Nomura raised their target price on shares of Golfsmith International from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, Morgan Stanley raised their price objective on shares of Golfsmith International from $19.50 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Golfsmith International has a consensus rating of “Hold” and an average target price of $19.69.

Large investors have recently bought and sold shares of the business. TIAA CREF Investment Management LLC lifted its holdings in Golfsmith International by 0.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 55,874 shares of the specialty retailer’s stock valued at $966,000 after acquiring an additional 188 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Golfsmith International by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 70,554 shares of the specialty retailer’s stock worth $1,400,000 after purchasing an additional 361 shares during the period. The Manufacturers Life Insurance Company increased its position in Golfsmith International by 4.6% in the second 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 period. Teachers Advisors LLC increased its position in Golfsmith International by 5.9% in the second quarter. Teachers Advisors LLC now owns 40,784 shares of the specialty retailer’s stock worth $809,000 after purchasing an additional 2,286 shares during the period. Finally, Comerica Bank grew its position in shares of Golfsmith International by 3.3% during the 2nd quarter. Comerica Bank now owns 112,041 shares of the specialty retailer’s stock worth $2,097,000 after buying an additional 3,577 shares during the period.

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About Golfsmith International

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