Golfsmith International Holdings, Inc. (GOLF) Receives $22.08 Average PT from Brokerages

Shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) have been given a consensus recommendation of “Buy” by the fifteen analysts that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $22.08.

A number of analysts have recently issued reports on GOLF shares. Jefferies Group LLC set a $25.00 price target on shares of Golfsmith International Holdings and gave the company a “buy” rating in a report on Saturday, May 13th. Roth Capital set a $25.00 price target on shares of Golfsmith International Holdings and gave the company a “buy” rating in a report on Saturday, March 25th. Credit Suisse Group set a $21.00 price target on shares of Golfsmith International Holdings and gave the company a “hold” rating in a report on Sunday, May 28th. Zacks Investment Research raised shares of Golfsmith International Holdings from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Imperial Capital dropped their price target on shares of Golfsmith International Holdings from $20.00 to $19.00 and set an “in-line” rating on the stock in a report on Thursday, March 23rd. They noted that the move was a valuation call.

Shares of Golfsmith International Holdings (NASDAQ GOLF) traded down 0.05% during mid-day trading on Tuesday, reaching $19.03. 275,466 shares of the company’s stock traded hands. Golfsmith International Holdings has a 12-month low of $16.84 and a 12-month high of $22.31. The firm’s 50 day moving average price is $19.02 and its 200-day moving average price is $18.60. The stock has a market cap of $1.42 billion and a price-to-earnings ratio of 22.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, May 31st.

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Golfsmith International Holdings during the first quarter valued at $150,000. Envestnet Asset Management Inc. acquired a new position in shares of Golfsmith International Holdings during the fourth quarter valued at $184,000. Cadence Capital Management LLC acquired a new position in shares of Golfsmith International Holdings during the fourth quarter valued at $245,000. American International Group Inc. acquired a new position in shares of Golfsmith International Holdings during the first quarter valued at $227,000. 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.

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Golfsmith International Holdings Company Profile

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