Zacks Investment Research Lowers Golfsmith International Holdings, Inc. (GOLF) to Sell

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

According to Zacks, “Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products. The company’s operating segment consists of Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear. Acushnet Holdings Corp. is headquartered in Fairhaven, Massachusetts. “

Other research analysts have also recently issued research reports about the company. Roth Capital set a $25.00 target price on Golfsmith International Holdings and gave the company a “buy” rating in a research note on Saturday. Jefferies Group LLC reaffirmed a “buy” rating on shares of Golfsmith International Holdings in a research note on Tuesday, January 3rd. DA Davidson reaffirmed a “buy” rating and set a $23.00 target price on shares of Golfsmith International Holdings in a research note on Saturday, December 10th. Deutsche Bank AG reaffirmed a “hold” rating and set a $20.00 target price on shares of Golfsmith International Holdings in a research note on Saturday, December 10th. Finally, Forward View started coverage on Golfsmith International Holdings in a research note on Monday, February 6th. They set a “hold” rating and a $19.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.00.

Analyst Recommendations for Golfsmith International Holdings (NASDAQ:GOLF)

Shares of Golfsmith International Holdings (NASDAQ:GOLF) traded down 1.80% during mid-day trading on Monday, hitting $17.44. The stock had a trading volume of 119,800 shares. Golfsmith International Holdings has a one year low of $16.90 and a one year high of $22.31. The company has a 50-day moving average of $17.76 and a 200 day moving average of $18.66. The firm has a market cap of $1.29 billion and a price-to-earnings ratio of 55.72.

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Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. bought a new position in Golfsmith International Holdings during the fourth quarter worth $184,000. Cadence Capital Management LLC bought a new position in Golfsmith International Holdings during the fourth quarter worth $245,000. Metropolitan Life Insurance Co. NY bought a new position in Golfsmith International Holdings during the fourth quarter worth $420,000. BlueMar Capital Management LLC bought a new position in Golfsmith International Holdings during the fourth quarter worth $1,183,000. Finally, Royce & Associates LP bought a new position in Golfsmith International Holdings during the fourth quarter worth $1,232,000.

Golfsmith International Holdings Company Profile

5 Day Chart for NASDAQ:GOLF

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