Sanders Morris Harris Inc. raised its position in Golfsmith International Holdings, Inc. (NASDAQ:GOLF) by 10.0% during the first quarter, Holdings Channel reports. The fund owned 55,000 shares of the specialty retailer’s stock after buying an additional 5,000 shares during the period. Sanders Morris Harris Inc.’s holdings in Golfsmith International Holdings were worth $950,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GOLF. Thornburg Investment Management Inc. acquired a new stake in Golfsmith International Holdings during the fourth quarter worth about $36,269,000. Levin Capital Strategies L.P. purchased a new position in shares of Golfsmith International Holdings during the fourth quarter valued at $29,010,000. Alyeska Investment Group L.P. purchased a new position in shares of Golfsmith International Holdings during the fourth quarter valued at $16,184,000. State Street Corp purchased a new position in shares of Golfsmith International Holdings during the fourth quarter valued at $6,261,000. Finally, Ancora Advisors LLC purchased a new position in shares of Golfsmith International Holdings during the fourth quarter valued at $4,521,000.

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

Golfsmith International Holdings, Inc. (NASDAQ:GOLF) traded down 0.11% during mid-day trading on Friday, hitting $18.11. 60,937 shares of the company were exchanged. Golfsmith International Holdings, Inc. has a 12 month low of $16.84 and a 12 month high of $22.31. The stock has a market cap of $1.35 billion and a price-to-earnings ratio of 29.35. The firm has a 50 day moving average price of $17.65 and a 200 day moving average price of $18.49.

The firm also recently disclosed a special dividend, which was paid on Wednesday, April 19th. Shareholders of record on Thursday, April 13th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, April 11th.

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Several research analysts have recently weighed in on the stock. Roth Capital set a $25.00 price target on shares of Golfsmith International Holdings and gave the company a “buy” rating in a research report on Saturday, March 25th. Zacks Investment Research cut shares of Golfsmith International Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. Forward View assumed coverage on shares of Golfsmith International Holdings in a research report on Monday, February 6th. They set a “hold” rating and a $19.00 price target on the stock. Imperial Capital lowered their price target on shares of Golfsmith International Holdings from $20.00 to $19.00 and set an “in-line” rating on the stock in a research report on Thursday, March 23rd. They noted that the move was a valuation call. Finally, Jefferies Group LLC set a $25.00 price target on shares of Golfsmith International Holdings and gave the company a “buy” rating in a research report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Golfsmith International Holdings currently has an average rating of “Hold” and a consensus target price of $22.00.

About Golfsmith International Holdings

5 Day Chart for NASDAQ:GOLF

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