Jefferies Group Reaffirms “Buy” Rating for Golfsmith International Holdings, Inc. (GOLF)
Golfsmith International Holdings, Inc. (NASDAQ:GOLF)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Wednesday. They currently have a $25.00 price objective on the stock. Jefferies Group’s price target would suggest a potential upside of 23.46% from the company’s previous close.
Shares of Golfsmith International Holdings (NASDAQ:GOLF) opened at 20.25 on Wednesday. The firm’s market cap is $441.88 million. The firm has a 50-day moving average price of $18.40 and a 200-day moving average price of $18.40. Golfsmith International Holdings has a 12-month low of $16.90 and a 12-month high of $20.50.
In other news, Director Gregory A. Hewett purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were acquired at an average cost of $17.00 per share, with a total value of $170,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $170,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William C. Burke purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $850,000.00. Following the completion of the transaction, the insider now owns 128,678 shares in the company, valued at approximately $2,187,526. The disclosure for this purchase can be found here.
Golfsmith International Holdings Company Profile
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