Golfsmith International Holdings, Inc. (NASDAQ:GOLF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $20.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s price target suggests a potential upside of 11.48% from the stock’s current price.

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. “

Several other research firms have also recently issued reports on GOLF. Raymond James Financial, Inc. reissued a “market perform” rating and set a $22.00 target price on shares of Golfsmith International Holdings in a research note on Friday, July 21st. Roth Capital cut Golfsmith International Holdings from a “buy” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $20.00 in a research note on Monday, August 7th. BidaskClub raised Golfsmith International Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. DA Davidson cut Golfsmith International Holdings from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $17.00 in a research note on Friday, August 11th. Finally, KeyCorp reissued an “overweight” rating and set a $20.00 target price on shares of Golfsmith International Holdings in a research note on Wednesday, August 30th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.44.

Golfsmith International Holdings (GOLF) traded up 1.36% during mid-day trading on Tuesday, reaching $17.94. 136,039 shares of the company’s stock were exchanged. Golfsmith International Holdings has a one year low of $15.16 and a one year high of $22.31. The stock has a market cap of $1.34 billion and a price-to-earnings ratio of 18.84. The stock has a 50-day moving average of $17.16 and a 200-day moving average of $18.18.

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Several institutional investors have recently made changes to their positions in GOLF. SG Americas Securities LLC purchased a new position in shares of Golfsmith International Holdings in the 1st quarter valued at about $150,000. American International Group Inc. purchased a new position in shares of Golfsmith International Holdings in the 1st quarter valued at about $227,000. Alliancebernstein L.P. purchased a new position in shares of Golfsmith International Holdings in the 2nd quarter valued at about $256,000. Suntrust Banks Inc. purchased a new position in shares of Golfsmith International Holdings in the 2nd quarter valued at about $273,000. Finally, Bank of America Corp DE increased its stake in shares of Golfsmith International Holdings by 469.6% in the 1st quarter. Bank of America Corp DE now owns 17,606 shares of the specialty retailer’s stock valued at $304,000 after purchasing an additional 14,515 shares in the last quarter.

Golfsmith International Holdings Company Profile

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Analyst Recommendations for Golfsmith International Holdings (NASDAQ:GOLF)

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