Golfsmith International Holdings, Inc. (NASDAQ:GOLF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

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. “

GOLF has been the subject of a number of other reports. Raymond James Financial, Inc. cut shares of Golfsmith International Holdings from an “outperform” rating to a “mkt perform” rating in a research report on Saturday, July 22nd. Roth Capital set a $25.00 price objective on shares of Golfsmith International Holdings and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Imperial Capital reiterated an “in-line” rating and set a $15.00 price objective (down from $19.00) on shares of Golfsmith International Holdings in a research report on Friday, August 11th. Forward View set a $16.00 price objective on shares of Golfsmith International Holdings and gave the stock a “hold” rating in a research report on Monday. Finally, Jefferies Group LLC set a $22.00 price objective on shares of Golfsmith International Holdings and gave the stock a “buy” rating in a research report on Friday, August 11th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Golfsmith International Holdings currently has an average rating of “Hold” and a consensus target price of $20.67.

Shares of Golfsmith International Holdings (NASDAQ GOLF) opened at 16.16 on Tuesday. The firm has a market cap of $1.20 billion and a price-to-earnings ratio of 19.10. Golfsmith International Holdings has a one year low of $15.16 and a one year high of $22.31. The company has a 50 day moving average of $18.70 and a 200-day moving average of $18.39.

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In other Golfsmith International Holdings news, insider Wb Atlas Llc sold 2,195,469 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $19.63, for a total value of $43,097,056.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Golfsmith International Holdings during the first quarter valued at about $150,000. American International Group Inc. acquired a new position in shares of Golfsmith International Holdings during the first quarter valued at about $227,000. Alliancebernstein L.P. acquired a new position in shares of Golfsmith International Holdings during the second quarter valued at about $256,000. Suntrust Banks Inc. acquired a new position in shares of Golfsmith International Holdings during the second quarter valued at about $273,000. Finally, Bank of America Corp DE boosted its position in shares of Golfsmith International Holdings by 469.6% in the first quarter. Bank of America Corp DE now owns 17,606 shares of the specialty retailer’s stock valued at $304,000 after buying an additional 14,515 shares during the period.

About Golfsmith International Holdings

Analyst Recommendations for Golfsmith International Holdings (NASDAQ:GOLF)

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