Golfsmith International Holdings, Inc. (GOLF) Lifted to Hold at Zacks Investment Research

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products. The company’s operating segment consists of Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear. Acushnet Holdings Corp. is headquartered in Fairhaven, Massachusetts. “

GOLF has been the topic of several other reports. Jefferies Group LLC set a $25.00 target price on shares of Golfsmith International Holdings and gave the stock a “buy” rating in a research note on Saturday, June 17th. Roth Capital downgraded shares of Golfsmith International Holdings from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $20.00 in a research note on Monday, August 7th. Forward View set a $16.00 price objective on shares of Golfsmith International Holdings and gave the company a “hold” rating in a research report on Monday. Raymond James Financial, Inc. downgraded shares of Golfsmith International Holdings from an “outperform” rating to a “mkt perform” rating in a research report on Saturday, July 22nd. Finally, DA Davidson downgraded shares of Golfsmith International Holdings from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $17.00 in a research report on Friday, August 11th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Golfsmith International Holdings currently has a consensus rating of “Hold” and a consensus target price of $20.67.

Shares of Golfsmith International Holdings (GOLF) opened at 16.16 on Tuesday. The company has a market capitalization of $1.20 billion and a price-to-earnings ratio of 19.10. The stock has a 50 day moving average of $18.70 and a 200-day moving average of $18.39. Golfsmith International Holdings has a 1-year low of $15.16 and a 1-year high of $22.31.

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In other news, insider Wb Atlas Llc sold 2,195,469 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $19.63, for a total transaction of $43,097,056.47. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Golfsmith International Holdings during the first quarter worth approximately $150,000. Stifel Financial Corp boosted its stake in shares of Golfsmith International Holdings by 25.3% in the first quarter. Stifel Financial Corp now owns 107,194 shares of the specialty retailer’s stock worth $1,850,000 after buying an additional 21,657 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Golfsmith International Holdings by 39.3% in the first quarter. JPMorgan Chase & Co. now owns 3,548,698 shares of the specialty retailer’s stock worth $61,322,000 after buying an additional 1,001,850 shares during the period. Levin Capital Strategies L.P. boosted its stake in shares of Golfsmith International Holdings by 58.6% in the first quarter. Levin Capital Strategies L.P. now owns 2,335,024 shares of the specialty retailer’s stock worth $40,349,000 after buying an additional 863,176 shares during the period. Finally, Comerica Bank boosted its stake in shares of Golfsmith International Holdings by 36.3% in the first quarter. Comerica Bank now owns 108,464 shares of the specialty retailer’s stock worth $1,971,000 after buying an additional 28,908 shares during the period.

Golfsmith International Holdings Company Profile

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