Golfsmith International Holdings, Inc. (GOLF) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of Golfsmith International Holdings, Inc. (NASDAQ:GOLF) by 70.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,576 shares of the specialty retailer’s stock after acquiring an additional 58,573 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.19% of Golfsmith International Holdings worth $2,809,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in shares of Golfsmith International Holdings by 28.9% during the second quarter. Rhumbline Advisers now owns 30,924 shares of the specialty retailer’s stock valued at $614,000 after acquiring an additional 6,925 shares during the last quarter. Granite Investment Partners LLC acquired a new position in shares of Golfsmith International Holdings during the second quarter valued at approximately $10,779,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Golfsmith International Holdings by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 70,554 shares of the specialty retailer’s stock valued at $1,400,000 after acquiring an additional 361 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Golfsmith International Holdings during the second quarter valued at approximately $534,000. Finally, Van Berkom & Associates Inc. acquired a new position in shares of Golfsmith International Holdings during the second quarter valued at approximately $23,159,000.

Shares of Golfsmith International Holdings, Inc. (NASDAQ GOLF) opened at 17.73 on Thursday. The stock has a market capitalization of $1.32 billion and a price-to-earnings ratio of 18.62. The stock has a 50 day moving average price of $17.38 and a 200-day moving average price of $17.38. Golfsmith International Holdings, Inc. has a 52-week low of $15.16 and a 52-week high of $22.31.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 2.71%.

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GOLF has been the subject of a number of research analyst reports. KeyCorp reissued an “overweight” rating and set a $20.00 target price on shares of Golfsmith International Holdings in a report on Wednesday, August 30th. Imperial Capital reissued an “in-line” rating and set a $15.00 target price (down previously from $19.00) on shares of Golfsmith International Holdings in a report on Friday, August 11th. Raymond James Financial, Inc. reissued a “market perform” rating and set a $22.00 target price on shares of Golfsmith International Holdings in a report on Friday, July 21st. DA Davidson cut Golfsmith International Holdings from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $17.00 in a report on Friday, August 11th. Finally, Zacks Investment Research cut Golfsmith International Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.47.

Golfsmith International Holdings Profile

Institutional Ownership by Quarter for Golfsmith International Holdings (NASDAQ:GOLF)

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