Golfsmith International (GOLF) Rating Lowered to Neutral at Compass Point

Golfsmith International (NASDAQ:GOLF) was downgraded by equities researchers at Compass Point from a “buy” rating to a “neutral” rating in a report released on Monday. They currently have a $24.00 price objective on the specialty retailer’s stock. Compass Point’s target price would suggest a potential upside of 0.84% from the company’s current price.

GOLF has been the subject of a number of other research reports. KeyCorp set a $26.00 target price on shares of Golfsmith International and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research cut shares of Golfsmith International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Jefferies Group restated a “buy” rating and set a $27.00 target price on shares of Golfsmith International in a research report on Wednesday, March 7th. Wells Fargo lifted their target price on shares of Golfsmith International from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Thursday, March 8th. Finally, Morgan Stanley lifted their target price on shares of Golfsmith International from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, March 8th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.79.

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Golfsmith International stock opened at $23.80 on Monday. Golfsmith International has a 52-week low of $15.16 and a 52-week high of $24.41.

Golfsmith International (NASDAQ:GOLF) last announced its earnings results on Wednesday, March 7th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $351.40 million for the quarter, compared to analyst estimates of $341.91 million. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.

Several large investors have recently bought and sold shares of GOLF. Quantitative Systematic Strategies LLC acquired a new position in shares of Golfsmith International in the fourth quarter valued at approximately $223,000. The Manufacturers Life Insurance Company raised its position in shares of Golfsmith International by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,348 shares of the specialty retailer’s stock valued at $404,000 after buying an additional 904 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Golfsmith International by 15.5% in the third quarter. New York State Common Retirement Fund now owns 78,310 shares of the specialty retailer’s stock valued at $1,391,000 after buying an additional 10,515 shares during the last quarter. Comerica Bank raised its position in shares of Golfsmith International by 5.4% in the third quarter. Comerica Bank now owns 118,064 shares of the specialty retailer’s stock valued at $2,138,000 after buying an additional 6,023 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Golfsmith International by 12.8% in the third quarter. Bank of New York Mellon Corp now owns 159,647 shares of the specialty retailer’s stock valued at $2,835,000 after buying an additional 18,071 shares during the last quarter.

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About Golfsmith International

Golfsmith International Holdings, Inc, the parent company of Golfsmith International, Inc, is a holding company. The Company is a specialty retailer of golf and tennis equipment, apparel, footwear and accessories. The Company operates as an integrated multi-channel retailer, providing its customers the convenience of shopping in the retail stores across United States, through its Internet site, www.golfsmith.com, and from its catalogs.

Analyst Recommendations for Golfsmith International (NASDAQ:GOLF)

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