Alliancebernstein L.P. Invests $256,000 in Golfsmith International Holdings, Inc. (GOLF)

Alliancebernstein L.P. purchased a new stake in shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,900 shares of the specialty retailer’s stock, valued at approximately $256,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American International Group Inc. acquired a new stake in shares of Golfsmith International Holdings during the first quarter valued at about $227,000. Bank of America Corp DE increased its position in shares of Golfsmith International Holdings by 469.6% during the first quarter. Bank of America Corp DE now owns 17,606 shares of the specialty retailer’s stock valued at $304,000 after acquiring an additional 14,515 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Golfsmith International Holdings during the second quarter valued at about $534,000. Rhumbline Advisers increased its position in shares of Golfsmith International Holdings by 28.9% during the second quarter. Rhumbline Advisers now owns 30,924 shares of the specialty retailer’s stock valued at $614,000 after acquiring an additional 6,925 shares during the last quarter. Finally, Swiss National Bank acquired a new stake in shares of Golfsmith International Holdings during the second quarter valued at about $734,000.

A number of equities research analysts have weighed in on the stock. KeyCorp reiterated an “overweight” rating on shares of Golfsmith International Holdings in a research report on Thursday. Nomura lifted their price target on shares of Golfsmith International Holdings from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Golfsmith International Holdings from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday. Imperial Capital lifted their price objective on shares of Golfsmith International Holdings from $15.00 to $17.00 and gave the company an “in-line” rating in a report on Friday. Finally, Roth Capital cut shares of Golfsmith International Holdings from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $20.00 in a report on Monday, August 7th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.19.

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Golfsmith International Holdings (NASDAQ:GOLF) last posted its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $347.30 million for the quarter, compared to analyst estimates of $339.73 million. The company’s revenue was up 2.4% on a year-over-year basis.

The company also recently declared 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. This represents a $0.48 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend is Thursday, November 30th.

Golfsmith International Holdings Profile

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Institutional Ownership by Quarter for Golfsmith International Holdings (NASDAQ:GOLF)

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