Golfsmith International Holdings, Inc. (NASDAQ:GOLF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

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 brokerages also recently weighed in on GOLF. Raymond James Financial, Inc. restated 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. Jefferies Group LLC set a $22.00 target price on shares of Golfsmith International Holdings and gave the stock a “buy” rating in a report on Thursday. KeyCorp set a $20.00 target price on shares of Golfsmith International Holdings and gave the stock a “buy” rating in a report on Saturday, October 21st. Roth Capital cut shares of Golfsmith International Holdings from a “buy” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $20.00 in a report on Monday, August 7th. Finally, BidaskClub raised Golfsmith International Holdings from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $20.44.

Golfsmith International Holdings (GOLF) traded up 0.49% on Thursday, reaching $18.44. The company had a trading volume of 167,802 shares. Golfsmith International Holdings has a 12 month low of $15.16 and a 12 month high of $22.31. The stock has a market capitalization of $1.37 billion and a P/E ratio of 19.37. The firm has a 50-day moving average of $17.48 and a 200-day moving average of $18.22.

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Institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in Golfsmith International Holdings by 469.6% during the first quarter. Bank of America Corp DE now owns 17,606 shares of the specialty retailer’s stock worth $304,000 after buying an additional 14,515 shares during the last quarter. Swiss National Bank bought a new stake in Golfsmith International Holdings during the second quarter worth about $734,000. Schwab Charles Investment Management Inc. grew its stake in Golfsmith International Holdings by 6.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 70,193 shares of the specialty retailer’s stock worth $1,213,000 after buying an additional 4,009 shares during the last quarter. Laurion Capital Management LP bought a new stake in Golfsmith International Holdings during the second quarter worth about $9,920,000. Finally, Voya Investment Management LLC grew its stake in Golfsmith International Holdings by 5.1% during the second quarter. Voya Investment Management LLC now owns 856,118 shares of the specialty retailer’s stock worth $16,986,000 after buying an additional 41,279 shares during the last quarter.

About Golfsmith International Holdings

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Analyst Recommendations for Golfsmith International Holdings (NASDAQ:GOLF)

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