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

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) has been given an average rating of “Buy” by the thirteen research firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $20.09.

Several equities research analysts recently commented on the stock. KeyCorp reissued an “overweight” rating on shares of Golfsmith International in a research note on Thursday, November 9th. Zacks Investment Research raised 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 note on Friday, November 10th. Morgan Stanley boosted their price objective on shares of Golfsmith International from $19.50 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Imperial Capital boosted their price objective on shares of Golfsmith International from $15.00 to $17.00 and gave the stock an “in-line” rating in a research note on Friday, November 10th. Finally, SunTrust Banks reissued a “buy” rating and set a $24.00 price objective on shares of Golfsmith International in a research note on Friday, January 26th.

Institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its holdings in Golfsmith International by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 70,554 shares of the specialty retailer’s stock worth $1,400,000 after buying an additional 361 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Golfsmith International by 14.1% in the second quarter. Wells Fargo & Company MN now owns 92,496 shares of the specialty retailer’s stock worth $1,834,000 after buying an additional 11,440 shares during the last quarter. Northern Trust Corp raised its holdings in Golfsmith International by 21.2% in the second quarter. Northern Trust Corp now owns 286,909 shares of the specialty retailer’s stock worth $5,693,000 after buying an additional 50,166 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Golfsmith International by 22.0% in the second quarter. Goldman Sachs Group Inc. now owns 71,542 shares of the specialty retailer’s stock worth $1,419,000 after buying an additional 12,888 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Golfsmith International by 343.1% in the second quarter. New York State Common Retirement Fund now owns 67,795 shares of the specialty retailer’s stock worth $1,345,000 after buying an additional 52,494 shares during the last quarter.

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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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