Acushnet Holdings Corp. (NYSE:GOLF – Get Free Report) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $66.43.
Several brokerages have weighed in on GOLF. JPMorgan Chase & Co. boosted their price objective on Acushnet from $62.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Truist Financial boosted their price target on shares of Acushnet from $63.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Compass Point reduced their price objective on shares of Acushnet from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.
View Our Latest Research Report on Acushnet
Insider Buying and Selling at Acushnet
Institutional Investors Weigh In On Acushnet
Institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. raised its stake in Acushnet by 29.0% in the 1st quarter. Sei Investments Co. now owns 96,624 shares of the company’s stock valued at $6,372,000 after acquiring an additional 21,730 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of Acushnet in the first quarter valued at $2,026,000. Seven Eight Capital LP bought a new position in shares of Acushnet in the fourth quarter valued at about $1,363,000. Strs Ohio acquired a new stake in shares of Acushnet during the 4th quarter worth about $890,000. Finally, Quantbot Technologies LP bought a new stake in shares of Acushnet during the 1st quarter worth about $1,842,000. 53.12% of the stock is owned by institutional investors.
Acushnet Stock Performance
NYSE:GOLF opened at $65.73 on Friday. The stock has a market capitalization of $4.15 billion, a P/E ratio of 22.82 and a beta of 0.85. The company has a current ratio of 2.69, a quick ratio of 1.46 and a debt-to-equity ratio of 0.91. Acushnet has a 1 year low of $49.42 and a 1 year high of $74.77. The firm has a 50 day moving average of $66.01 and a 200-day moving average of $64.93.
Acushnet (NYSE:GOLF – Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.09). Acushnet had a net margin of 8.03% and a return on equity of 20.65%. The business had revenue of $683.90 million during the quarter, compared to analyst estimates of $709.83 million. During the same quarter last year, the business posted $1.09 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Acushnet will post 3.12 EPS for the current fiscal year.
Acushnet Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, September 6th. Acushnet’s dividend payout ratio is presently 29.86%.
Acushnet Company Profile
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.
Read More
- Five stocks we like better than Acushnet
- What to Know About Investing in Penny Stocks
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Lowe’s Stock: Hold Now, Buy it When it Dips
- What Is WallStreetBets and What Stocks Are They Targeting?
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
Receive News & Ratings for Acushnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acushnet and related companies with MarketBeat.com's FREE daily email newsletter.