Zacks Investment Research downgraded shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) from a hold rating to a sell rating in a research note issued to investors 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. “

Several other equities analysts have also recently issued reports on GOLF. Jefferies Group LLC set a $25.00 price objective on Golfsmith International Holdings and gave the company a buy rating in a report on Saturday, May 13th. Raymond James Financial, Inc. restated a market perform rating and issued a $22.00 price target on shares of Golfsmith International Holdings in a research note on Friday, July 21st. Credit Suisse Group set a $21.00 price target on Golfsmith International Holdings and gave the company a hold rating in a research note on Sunday, May 28th. Finally, Roth Capital set a $25.00 price target on Golfsmith International Holdings and gave the company a buy rating in a research note on Wednesday, May 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $22.07.

Golfsmith International Holdings (NASDAQ GOLF) traded up 0.43% during mid-day trading on Tuesday, hitting $18.58. The company had a trading volume of 136,612 shares. Golfsmith International Holdings has a 12 month low of $16.84 and a 12 month high of $22.31. The firm has a market capitalization of $1.38 billion and a P/E ratio of 21.96. The company has a 50-day moving average price of $19.45 and a 200 day moving average price of $18.56.

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In other Golfsmith International Holdings news, insider Wb Atlas Llc sold 2,195,469 shares of the business’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 transaction of $43,097,056.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Golfsmith International Holdings by 39.3% in the first quarter. JPMorgan Chase & Co. now owns 3,548,698 shares of the specialty retailer’s stock valued at $61,322,000 after buying an additional 1,001,850 shares during the period. Metropolitan Life Insurance Co. NY purchased a new stake in Golfsmith International Holdings during the fourth quarter valued at approximately $420,000. Sanders Morris Harris Inc. raised its stake in Golfsmith International Holdings by 10.0% in the first quarter. Sanders Morris Harris Inc. now owns 55,000 shares of the specialty retailer’s stock valued at $950,000 after buying an additional 5,000 shares during the period. Menta Capital LLC purchased a new stake in Golfsmith International Holdings during the first quarter valued at approximately $901,000. Finally, Paloma Partners Management Co purchased a new stake in Golfsmith International Holdings during the first quarter valued at approximately $1,728,000.

About Golfsmith International Holdings

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Analyst Recommendations for Golfsmith International Holdings (NASDAQ:GOLF)

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