Golfsmith International Holdings, Inc. (GOLF) Receives Average Rating of “Buy” from Analysts

Shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) have been given a consensus rating of “Buy” by the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $20.09.

A number of equities research analysts recently issued reports on the company. SunTrust Banks reissued a “buy” rating and set a $24.00 price target on shares of Golfsmith International in a research note on Friday, January 26th. Zacks Investment Research lowered Golfsmith International from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Jefferies Group set a $22.00 price target on Golfsmith International and gave the stock a “buy” rating in a research note on Thursday, October 26th. KeyCorp lifted their target price on Golfsmith International from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Finally, Imperial Capital lifted their target price on Golfsmith International from $15.00 to $17.00 and gave the company an “in-line” rating in a research report on Friday, November 10th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its position in Golfsmith International by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 70,554 shares of the specialty retailer’s stock valued at $1,400,000 after purchasing an additional 361 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Golfsmith International by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,348 shares of the specialty retailer’s stock valued at $404,000 after purchasing an additional 904 shares in the last quarter. Teachers Advisors LLC raised its position in Golfsmith International by 5.9% during the 2nd quarter. Teachers Advisors LLC now owns 40,784 shares of the specialty retailer’s stock valued at $809,000 after purchasing an additional 2,286 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Golfsmith International by 8.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 60,637 shares of the specialty retailer’s stock valued at $1,203,000 after acquiring an additional 4,763 shares during the period. Finally, Comerica Bank increased 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 acquiring an additional 6,023 shares during the period.

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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.

Analyst Recommendations for Golfsmith International (NASDAQ:GOLF)

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