Golfsmith International Holdings, Inc. (NASDAQ:GOLF) was downgraded by equities researchers at DA Davidson from a “buy” rating to a “neutral” rating in a report released on Friday, Marketbeat reports. They presently have a $17.00 price target on the specialty retailer’s stock, down from their previous price target of $23.00. DA Davidson’s price target suggests a potential upside of 9.04% from the company’s current price.

Several other research firms have also issued reports on GOLF. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $22.00 target price on shares of Golfsmith International Holdings in a report on Friday, July 21st. Jefferies Group LLC set a $25.00 target price on Golfsmith International Holdings and gave the company a “buy” rating in a report on Saturday, May 13th. Zacks Investment Research raised Golfsmith International Holdings from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Credit Suisse Group set a $21.00 target price on Golfsmith International Holdings and gave the company a “hold” rating in a report on Sunday, May 28th. Finally, Roth Capital set a $25.00 target price on Golfsmith International Holdings and gave the company a “buy” rating in a report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $21.10.

Golfsmith International Holdings (NASDAQ:GOLF) traded up 2.31% during mid-day trading on Friday, hitting $15.95. The stock had a trading volume of 1,281,876 shares. The stock has a market cap of $1.19 billion and a PE ratio of 18.85. The firm’s 50-day moving average price is $18.99 and its 200-day moving average price is $18.46. Golfsmith International Holdings has a 1-year low of $15.16 and a 1-year high of $22.31.

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In related 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 stock was sold at an average price of $19.63, for a total value of $43,097,056.47. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Golfsmith International Holdings by 27.4% in the first quarter. Wellington Management Group LLP now owns 3,831,257 shares of the specialty retailer’s stock valued at $66,205,000 after buying an additional 824,246 shares during the last quarter. JPMorgan Chase & Co. increased its position in Golfsmith International Holdings by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 3,580,300 shares of the specialty retailer’s stock valued at $71,033,000 after buying an additional 31,602 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Golfsmith International Holdings during the second quarter valued at approximately $47,929,000. Levin Capital Strategies L.P. increased its position in Golfsmith International Holdings by 58.6% in the first quarter. Levin Capital Strategies L.P. now owns 2,335,024 shares of the specialty retailer’s stock valued at $40,349,000 after buying an additional 863,176 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Golfsmith International Holdings by 2.2% in the second quarter. Vanguard Group Inc. now owns 1,678,680 shares of the specialty retailer’s stock valued at $33,306,000 after buying an additional 36,905 shares during the last quarter.

About Golfsmith International Holdings

Analyst Recommendations for Golfsmith International Holdings (NASDAQ:GOLF)

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