Today: The Golfsmith International Holdings, Inc. (GOLF) Coverage Initiated at Deutsche Bank AG

The Golfsmith International Holdings, Inc. (GOLF) Coverage Initiated at Deutsche Bank AG

Investment analysts at Deutsche Bank AG assumed coverage on shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating and a $20.00 price target on the stock. Deutsche Bank AG’s target price suggests a potential downside of 1.19% from the company’s current price.

Several other research firms have also commented on GOLF. DA Davidson restated a “buy” rating and issued a $23.00 price target on shares of Golfsmith International Holdings in a report on Thursday. Credit Suisse Group AG initiated coverage on shares of Golfsmith International Holdings in a report on Wednesday, November 23rd. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Jefferies Group initiated coverage on shares of Golfsmith International Holdings in a report on Wednesday, November 23rd. They issued a “buy” rating and a $25.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Golfsmith International Holdings presently has an average rating of “Buy” and a consensus target price of $22.30.

Golfsmith International Holdings (NASDAQ:GOLF) opened at 20.24 on Thursday. The stock has a 50 day moving average of $18.49 and a 200 day moving average of $18.49. The firm’s market cap is $441.66 million. Golfsmith International Holdings has a one year low of $16.90 and a one year high of $20.50.

In related news, major shareholder Wb Atlas Llc sold 4,029,099 shares of Golfsmith International Holdings stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $17.00, for a total value of $68,494,683.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William C. Burke purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was bought at an average price of $17.00 per share, with a total value of $850,000.00. Following the purchase, the insider now owns 128,678 shares of the company’s stock, valued at approximately $2,187,526. The disclosure for this purchase can be found here.

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