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.
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