Van Berkom & Associates Inc. bought a new stake in Golfsmith International Holdings, Inc. (NASDAQ:GOLF) during the second quarter, Holdings Channel reports. The fund bought 1,167,292 shares of the specialty retailer’s stock, valued at approximately $23,159,000.
Several other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Golfsmith International Holdings by 39.3% in the first quarter. JPMorgan Chase & Co. now owns 3,548,698 shares of the specialty retailer’s stock valued at $61,322,000 after buying an additional 1,001,850 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in Golfsmith International Holdings during the fourth quarter valued at approximately $420,000. Sanders Morris Harris Inc. raised its position in Golfsmith International Holdings by 10.0% in the first quarter. Sanders Morris Harris Inc. now owns 55,000 shares of the specialty retailer’s stock valued at $950,000 after buying an additional 5,000 shares in the last quarter. Menta Capital LLC bought a new position in Golfsmith International Holdings during the first quarter valued at approximately $901,000. Finally, Wellington Management Group LLP raised its position in Golfsmith International Holdings by 27.4% in the first quarter. Wellington Management Group LLP now owns 3,831,257 shares of the specialty retailer’s stock valued at $66,205,000 after buying an additional 824,246 shares in the last quarter.
Shares of Golfsmith International Holdings, Inc. (NASDAQ GOLF) traded down 5.8371% on Friday, hitting $18.6725. The company’s stock had a trading volume of 308,685 shares. The firm has a market cap of $1.39 billion and a price-to-earnings ratio of 22.0715. The stock has a 50-day moving average price of $19.50 and a 200 day moving average price of $18.58. Golfsmith International Holdings, Inc. has a one year low of $16.84 and a one year high of $22.31.
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Several research analysts recently commented on GOLF shares. Zacks Investment Research lowered Golfsmith International Holdings from a “hold” rating to a “sell” rating in a research report on Monday, March 27th. Imperial Capital dropped their price target on Golfsmith International Holdings from $20.00 to $19.00 and set an “in-line” rating for the company in a research report on Thursday, March 23rd. They noted that the move was a valuation call. Roth Capital set a $25.00 price target on Golfsmith International Holdings and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $22.00 price target on shares of Golfsmith International Holdings in a research report on Friday. Finally, Jefferies Group LLC set a $25.00 price target on Golfsmith International Holdings and gave the stock a “buy” rating in a research report on Saturday, June 17th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.07.
In other news, insider Wb Atlas Llc sold 2,195,469 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $19.63, for a total value of $43,097,056.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Golfsmith International Holdings Company Profile
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