Morgan Stanley assumed coverage on shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) in a report released on Tuesday. The brokerage issued an overweight rating on the stock.

Several other analysts have also weighed in on the company. Credit Suisse Group AG reissued a neutral rating and issued a $20.00 price objective on shares of Golfsmith International Holdings in a report on Wednesday. Deutsche Bank AG reissued a hold rating and issued a $20.00 price objective on shares of Golfsmith International Holdings in a report on Thursday. DA Davidson reissued a buy rating and issued a $23.00 price objective on shares of Golfsmith International Holdings in a report on Thursday. Jefferies Group reissued a buy rating and issued a $25.00 price objective on shares of Golfsmith International Holdings in a report on Wednesday. Finally, Raymond James Financial Inc. assumed coverage on Golfsmith International Holdings in a report on Tuesday. They issued an outperform rating for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $22.00.

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

In other Golfsmith International Holdings news, CEO Walter R. Uihlein acquired 70,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was acquired at an average cost of $17.00 per share, with a total value of $1,190,000.00. Following the acquisition, the chief executive officer now directly owns 702,196 shares of the company’s stock, valued at approximately $11,937,332. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gregory A. Hewett acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was acquired at an average cost of $17.00 per share, with a total value of $170,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, 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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