Golfsmith International Holdings, Inc. (NASDAQ:GOLF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage currently has a $20.00 price target on the specialty retailer’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.48% from the stock’s current price.

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. Roth Capital downgraded Golfsmith International Holdings from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $20.00 in a research note on Monday, August 7th. DA Davidson downgraded Golfsmith International Holdings from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $17.00 in a research note on Friday, August 11th. Jefferies Group LLC set a $22.00 price target on Golfsmith International Holdings and gave the stock a “buy” rating in a research note on Friday, August 11th. Forward View set a $16.00 price target on Golfsmith International Holdings and gave the stock a “hold” rating in a research note on Monday, August 14th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $15.00 price target (down from $19.00) on shares of Golfsmith International Holdings in a research note on Friday, August 11th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.44.

Golfsmith International Holdings (NASDAQ GOLF) traded up 1.36% on Tuesday, hitting $17.94. 136,039 shares of the stock were exchanged. The company has a market cap of $1.34 billion and a PE ratio of 18.84. The company’s 50-day moving average is $17.16 and its 200-day moving average is $18.18. Golfsmith International Holdings has a 52 week low of $15.16 and a 52 week high of $22.31.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Golfsmith International Holdings during the 1st quarter valued at $150,000. Alliancebernstein L.P. acquired a new stake in shares of Golfsmith International Holdings during the 2nd quarter valued at $256,000. American International Group Inc. acquired a new stake in shares of Golfsmith International Holdings during the 1st quarter valued at $227,000. Suntrust Banks Inc. acquired a new stake in shares of Golfsmith International Holdings during the 2nd quarter valued at $273,000. Finally, Bank of America Corp DE boosted its holdings in shares of Golfsmith International Holdings by 469.6% during the 1st quarter. Bank of America Corp DE now owns 17,606 shares of the specialty retailer’s stock valued at $304,000 after acquiring an additional 14,515 shares in the last quarter.

About Golfsmith International Holdings

Analyst Recommendations for Golfsmith International Holdings (NASDAQ:GOLF)

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