Zacks Investment Research upgraded shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) from a hold rating to a buy rating in a report published on Friday. The brokerage currently has $21.00 price objective on the specialty retailer’s stock.

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 several other research reports. Raymond James Financial, Inc. lowered Golfsmith International Holdings from an outperform rating to a mkt perform rating in a research report on Saturday, July 22nd. Morgan Stanley increased their target price on Golfsmith International Holdings from $19.50 to $20.00 and gave the stock an overweight rating in a research report on Thursday, November 9th. BidaskClub raised Golfsmith International Holdings from a sell rating to a hold rating in a research report on Thursday, September 28th. KeyCorp reissued an overweight rating and issued a $20.00 target price on shares of Golfsmith International Holdings in a research report on Wednesday, August 30th. Finally, Jefferies Group LLC set a $22.00 target price on Golfsmith International Holdings and gave the stock a buy rating in a research report on Thursday, October 26th. Nine 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 Hold and a consensus price target of $20.19.

Golfsmith International Holdings (NASDAQ:GOLF) last released its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $347.30 million for the quarter, compared to the consensus estimate of $339.73 million. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.12 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of Infinity.

Several institutional investors have recently bought and sold shares of GOLF. American International Group Inc. purchased a new stake in shares of Golfsmith International Holdings in the 1st quarter worth approximately $227,000. Alliancebernstein L.P. purchased a new stake in shares of Golfsmith International Holdings in the 2nd quarter worth approximately $256,000. Suntrust Banks Inc. purchased a new stake in shares of Golfsmith International Holdings in the 2nd quarter worth approximately $273,000. Bank of America Corp DE grew its stake in shares of Golfsmith International Holdings by 469.6% in the 1st quarter. Bank of America Corp DE now owns 17,606 shares of the specialty retailer’s stock worth $304,000 after buying an additional 14,515 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Golfsmith International Holdings by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,348 shares of the specialty retailer’s stock worth $404,000 after buying an additional 904 shares during the last quarter.

About Golfsmith International Holdings

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Analyst Recommendations for Golfsmith International Holdings (NASDAQ:GOLF)

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