Trading Report: The Golfsmith International Holdings, Inc. (GOLF) Now Covered by Wells Fargo & Co.

The Golfsmith International Holdings, Inc. (GOLF) Now Covered by Wells Fargo & Co.

Wells Fargo & Co. initiated coverage on shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) in a report released on Tuesday morning. The firm issued a market perform rating and a $21.00 target price on the stock.

Other equities analysts have also issued reports about the stock. SunTrust Banks Inc. started coverage on shares of Golfsmith International Holdings in a research report on Tuesday, November 22nd. They set a buy rating and a $24.00 price target on the stock. Jefferies Group started coverage on shares of Golfsmith International Holdings in a research note on Wednesday, November 23rd. They set a buy rating and a $25.00 target price on the stock. DA Davidson reaffirmed a buy rating and set a $23.00 target price on shares of Golfsmith International Holdings in a research note on Thursday. Nomura started coverage on shares of Golfsmith International Holdings in a research note on Tuesday, November 22nd. They set a buy rating and a $22.00 target price on the stock. Finally, Deutsche Bank AG started coverage on shares of Golfsmith International Holdings in a research note on Thursday. They set a hold rating and a $20.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Golfsmith International Holdings has an average rating of Buy and an average price target of $22.30.

Golfsmith International Holdings (NASDAQ:GOLF) opened at 20.24 on Tuesday. The company’s market capitalization is $441.66 million. Golfsmith International Holdings has a 1-year low of $16.90 and a 1-year high of $20.50. The stock’s 50 day moving average is $18.49 and its 200-day moving average is $18.49.

In other news, major shareholder Wb Atlas Llc sold 4,029,099 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William C. Burke purchased 50,000 shares of Golfsmith International Holdings stock in a transaction dated Wednesday, November 2nd. The stock was bought at an average cost of $17.00 per share, for a total transaction of $850,000.00. Following the completion of the purchase, the insider now directly owns 128,678 shares in the company, valued at approximately $2,187,526. The disclosure for this purchase can be found here.

Golfsmith International Holdings Company Profile

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