Quantitative Systematic Strategies LLC purchased a new position in Golfsmith International Holdings, Inc. (NASDAQ:GOLF) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,587 shares of the specialty retailer’s stock, valued at approximately $223,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Golfsmith International by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 70,554 shares of the specialty retailer’s stock worth $1,400,000 after purchasing an additional 361 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Golfsmith International by 14.1% in the second quarter. Wells Fargo & Company MN now owns 92,496 shares of the specialty retailer’s stock worth $1,834,000 after purchasing an additional 11,440 shares in the last quarter. Swiss National Bank purchased a new stake in shares of Golfsmith International in the second quarter worth approximately $734,000. Northern Trust Corp lifted its position in shares of Golfsmith International by 21.2% in the second quarter. Northern Trust Corp now owns 286,909 shares of the specialty retailer’s stock worth $5,693,000 after purchasing an additional 50,166 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Golfsmith International in the second quarter worth approximately $2,354,000.
In related news, insider Mirae Asset Partners Private E sold 9,165,542 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $17.00, for a total transaction of $155,814,214.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
GOLF has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of Golfsmith International from $19.50 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Golfsmith International from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Imperial Capital raised their price objective on shares of Golfsmith International from $15.00 to $17.00 and gave the company an “in-line” rating in a research report on Friday, November 10th. KeyCorp reaffirmed an “overweight” rating on shares of Golfsmith International in a research report on Tuesday, November 21st. Finally, Jefferies Group set a $22.00 price objective on shares of Golfsmith International and gave the company a “buy” rating in a research report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.25.
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Golfsmith International Company Profile
Golfsmith International Holdings, Inc, the parent company of Golfsmith International, Inc, is a holding company. The Company is a specialty retailer of golf and tennis equipment, apparel, footwear and accessories. The Company operates as an integrated multi-channel retailer, providing its customers the convenience of shopping in the retail stores across United States, through its Internet site, www.golfsmith.com, and from its catalogs.
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