Nomura began coverage on shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) in a research note released on Tuesday morning. The brokerage issued a buy rating on the stock.

Several other research analysts have also recently commented on the company. Credit Suisse Group AG reiterated a neutral rating and issued a $20.00 price target on shares of Golfsmith International Holdings in a research note on Wednesday. Deutsche Bank AG restated a hold rating and set a $20.00 price objective on shares of Golfsmith International Holdings in a research note on Thursday. DA Davidson restated a buy rating and set a $23.00 price objective on shares of Golfsmith International Holdings in a research note on Thursday. Finally, Jefferies Group restated a buy rating and set a $25.00 price objective on shares of Golfsmith International Holdings in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Golfsmith International Holdings currently has a consensus rating of Buy and an average target price of $22.00.

Shares of Golfsmith International Holdings (NASDAQ:GOLF) opened at 20.25 on Tuesday. The firm’s market capitalization is $441.88 million. Golfsmith International Holdings has a 12-month low of $16.90 and a 12-month high of $20.50. The stock has a 50 day moving average price of $18.40 and a 200 day moving average price of $18.40.

In related news, CEO Walter R. Uihlein bought 70,000 shares of the stock in a transaction dated Wednesday, November 2nd. The stock was bought at an average cost of $17.00 per share, with a total value of $1,190,000.00. Following the completion of the acquisition, the chief executive officer now owns 702,196 shares of the company’s stock, valued at $11,937,332. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William C. Burke bought 50,000 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were bought at an average cost of $17.00 per share, with a total value of $850,000.00. Following the completion of the acquisition, the insider now directly owns 128,678 shares of the company’s stock, valued at approximately $2,187,526. The disclosure for this purchase can be found here.

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Golfsmith International Holdings Company Profile

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