Trading Report: The Golfsmith International Holdings, Inc. (GOLF) Earns Buy Rating from Analysts at Jefferies Group

The Golfsmith International Holdings, Inc. (GOLF) Earns Buy Rating from Analysts at Jefferies Group

Jefferies Group assumed coverage on shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) in a research report report published on Wednesday. The firm issued a buy rating and a $25.00 price target on the stock.

Shares of Golfsmith International Holdings (NASDAQ:GOLF) opened at 20.24 on Wednesday. Golfsmith International Holdings has a 12 month low of $16.90 and a 12 month high of $20.50. The company’s market cap is $441.66 million. The company’s 50 day moving average price is $18.49 and its 200 day moving average price is $18.49.

In other Golfsmith International Holdings news, major shareholder Wb Atlas Llc sold 4,029,099 shares of Golfsmith International Holdings stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $17.00, for a total transaction of $68,494,683.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William C. Burke purchased 50,000 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares were purchased at an average cost 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 $2,187,526. The disclosure for this purchase can be found here.

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