SunTrust Banks Inc. began coverage on shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) in a report issued on Tuesday morning. The brokerage issued a buy rating on the stock.

GOLF has been the subject of a number of other research reports. Roth Capital initiated coverage on shares of Golfsmith International Holdings in a research report on Tuesday, November 1st. They set a buy rating and a $23.00 price objective for the company. Compass Point initiated coverage on shares of Golfsmith International Holdings in a research note on Monday, October 31st. They set a buy rating and a $23.50 price target on the stock. Credit Suisse Group AG started coverage on shares of Golfsmith International Holdings in a research note on Tuesday. They set a neutral rating and a $20.00 price target on the stock. Wells Fargo & Co. started coverage on shares of Golfsmith International Holdings in a research note on Tuesday. They issued a market perform rating on the stock. Finally, Deutsche Bank AG started coverage on shares of Golfsmith International Holdings in a research note on Tuesday. They issued a hold rating and a $20.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $21.94.

Golfsmith International Holdings (NASDAQ:GOLF) traded up 1.25% during midday trading on Tuesday, reaching $20.27. The company’s stock had a trading volume of 81,425 shares. The stock’s market cap is $442.31 million. Golfsmith International Holdings has a one year low of $16.90 and a one year high of $20.29. The stock’s 50 day moving average price is $18.30 and its 200-day moving average price is $18.30.

In other news, CEO Walter R. Uihlein purchased 70,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were bought at an average price of $17.00 per share, with a total value of $1,190,000.00. Following the completion of the transaction, the chief executive officer now directly owns 702,196 shares in the company, valued at approximately $11,937,332. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregory A. Hewett purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $170,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $170,000. The disclosure for this purchase can be found here.

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About Golfsmith International Holdings

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