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

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) has earned an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $22.08.

Several brokerages recently weighed in on GOLF. Jefferies Group LLC set a $25.00 target price on shares of Golfsmith International Holdings and gave the stock a “buy” rating in a report on Saturday, May 13th. Roth Capital set a $25.00 target price on shares of Golfsmith International Holdings and gave the stock a “buy” rating in a report on Saturday, March 25th. Credit Suisse Group set a $21.00 target price on shares of Golfsmith International Holdings and gave the stock a “hold” rating in a report on Sunday, May 28th. Zacks Investment Research raised shares of Golfsmith International Holdings from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Imperial Capital dropped their target price on shares of Golfsmith International Holdings from $20.00 to $19.00 and set an “in-line” rating for the company in a report on Thursday, March 23rd. They noted that the move was a valuation call.

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Shares of Golfsmith International Holdings (NASDAQ GOLF) traded down 0.05% during midday trading on Tuesday, hitting $19.03. The company had a trading volume of 275,466 shares. The stock has a 50 day moving average price of $19.02 and a 200 day moving average price of $18.60. The firm has a market capitalization of $1.42 billion and a P/E ratio of 22.49. Golfsmith International Holdings has a 1-year low of $16.84 and a 1-year high of $22.31.

The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.52%. The ex-dividend date was Wednesday, May 31st.

A number of hedge funds have recently made changes to their positions in GOLF. Cadence Capital Management LLC bought a new stake in shares of Golfsmith International Holdings during the fourth quarter valued at approximately $245,000. Comerica Bank bought a new stake in shares of Golfsmith International Holdings during the fourth quarter valued at approximately $1,501,000. State Street Corp bought a new stake in shares of Golfsmith International Holdings during the fourth quarter valued at approximately $6,261,000. Thornburg Investment Management Inc. bought a new stake in shares of Golfsmith International Holdings during the fourth quarter valued at approximately $36,269,000. Finally, Royce & Associates LP bought a new stake in shares of Golfsmith International Holdings during the fourth quarter valued at approximately $1,232,000.

About Golfsmith International Holdings

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