Granite Investment Partners LLC Grows Position in Golfsmith International Holdings, Inc. (NASDAQ:GOLF)

Granite Investment Partners LLC increased its holdings in Golfsmith International Holdings, Inc. (NASDAQ:GOLF) by 31.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 879,968 shares of the specialty retailer’s stock after buying an additional 210,212 shares during the period. Golfsmith International comprises approximately 1.2% of Granite Investment Partners LLC’s holdings, making the stock its 12th biggest position. Granite Investment Partners LLC owned 1.18% of Golfsmith International worth $18,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quantitative Systematic Strategies LLC acquired a new position in shares of Golfsmith International in the 4th quarter valued at about $223,000. Deprince Race & Zollo Inc. boosted its holdings in shares of Golfsmith International by 19.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,539,138 shares of the specialty retailer’s stock valued at $32,445,000 after buying an additional 245,523 shares during the period. Comerica Bank boosted its holdings in shares of Golfsmith International by 5.4% in the 3rd quarter. Comerica Bank now owns 118,064 shares of the specialty retailer’s stock valued at $2,138,000 after buying an additional 6,023 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Golfsmith International by 12.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 159,647 shares of the specialty retailer’s stock valued at $2,835,000 after buying an additional 18,071 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Golfsmith International by 15.5% in the 3rd quarter. New York State Common Retirement Fund now owns 78,310 shares of the specialty retailer’s stock valued at $1,391,000 after purchasing an additional 10,515 shares during the last quarter.

Several analysts recently weighed in on GOLF shares. Zacks Investment Research upgraded shares of Golfsmith International from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and issued a $24.00 price objective on shares of Golfsmith International in a research report on Friday, January 26th. Jefferies Group set a $22.00 price objective on shares of Golfsmith International and gave the company a “buy” rating in a research report on Thursday, October 26th. KeyCorp set a $20.00 price objective on shares of Golfsmith International and gave the company a “buy” rating in a research report on Saturday, October 21st. Finally, Nomura lifted their price objective on shares of Golfsmith International from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Golfsmith International has a consensus rating of “Buy” and a consensus price target of $20.25.

COPYRIGHT VIOLATION NOTICE: This news story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/16/golfsmith-international-holdings-inc-golf-position-lifted-by-granite-investment-partners-llc.html.

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.

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

Receive News & Ratings for Golfsmith International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golfsmith International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply