The SunTrust Banks Inc. Initiates Coverage on Golfsmith International Holdings, Inc. (GOLF)

The SunTrust Banks Inc. Initiates Coverage on Golfsmith International Holdings, Inc. (GOLF)

SunTrust Banks Inc. started coverage on shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) in a research note published on Tuesday. The firm issued a buy rating and a $24.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. Jefferies Group began coverage on shares of Golfsmith International Holdings in a report on Wednesday, November 23rd. They set a buy rating and a $25.00 price objective on the stock. Credit Suisse Group AG began coverage on shares of Golfsmith International Holdings in a report on Wednesday, November 23rd. They set a neutral rating and a $20.00 price objective on the stock. Nomura began coverage on shares of Golfsmith International Holdings in a report on Tuesday, November 22nd. They set a buy rating and a $22.00 price objective on the stock. Morgan Stanley began coverage on shares of Golfsmith International Holdings in a report on Tuesday, November 22nd. They set an overweight rating and a $24.00 price objective on the stock. Finally, Raymond James Financial Inc. began coverage on shares of Golfsmith International Holdings in a report on Tuesday, November 22nd. They set an outperform rating on the stock. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $22.30.

Golfsmith International Holdings (NASDAQ:GOLF) opened at 20.24 on Tuesday. The firm’s market capitalization is $441.66 million. The firm’s 50-day moving average is $18.49 and its 200-day moving average is $18.49. Golfsmith International Holdings has a 52-week low of $16.90 and a 52-week 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William C. Burke acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was purchased at an average price of $17.00 per share, for a total transaction of $850,000.00. Following the completion of the transaction, the insider now owns 128,678 shares in the company, valued at $2,187,526. The disclosure for this purchase can be found here.

About Golfsmith International Holdings

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