Acushnet (NYSE:GOLF - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $71.00.
Several equities research analysts recently commented on GOLF shares. Wall Street Zen downgraded shares of Acushnet from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Truist Financial upped their price target on shares of Acushnet from $64.00 to $65.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Compass Point downgraded shares of Acushnet from a "buy" rating to a "neutral" rating and reduced their price target for the company from $80.00 to $71.00 in a research report on Monday, May 5th. Finally, KeyCorp restated an "overweight" rating and issued a $80.00 price target (up previously from $75.00) on shares of Acushnet in a research report on Friday, June 27th.
Get Our Latest Analysis on Acushnet
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its stake in Acushnet by 6.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,499 shares of the company's stock valued at $240,000 after buying an additional 203 shares during the period. Heritage Family Offices LLP increased its stake in shares of Acushnet by 7.4% during the 1st quarter. Heritage Family Offices LLP now owns 3,090 shares of the company's stock worth $212,000 after purchasing an additional 212 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Acushnet by 1.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,100 shares of the company's stock worth $1,144,000 after purchasing an additional 213 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Acushnet by 1.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 13,404 shares of the company's stock worth $953,000 after purchasing an additional 217 shares during the last quarter. Finally, Berry Wealth Group LP increased its stake in shares of Acushnet by 8.0% during the 1st quarter. Berry Wealth Group LP now owns 3,075 shares of the company's stock worth $211,000 after purchasing an additional 229 shares during the last quarter. Institutional investors and hedge funds own 53.12% of the company's stock.
Acushnet Price Performance
GOLF stock traded down $0.68 on Thursday, hitting $76.00. 286,757 shares of the company's stock traded hands, compared to its average volume of 396,535. Acushnet has a 1-year low of $55.31 and a 1-year high of $76.73. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 21.11 and a beta of 0.84. The stock has a fifty day moving average of $70.37 and a 200-day moving average of $68.00. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.19.
Acushnet (NYSE:GOLF - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.32 by $0.30. The business had revenue of $703.37 million during the quarter, compared to analyst estimates of $697.82 million. Acushnet had a net margin of 9.21% and a return on equity of 26.81%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.35 earnings per share. On average, analysts forecast that Acushnet will post 3.06 EPS for the current fiscal year.
Acushnet Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a $0.235 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.94 annualized dividend and a yield of 1.24%. Acushnet's dividend payout ratio is presently 26.11%.
About Acushnet
(
Get Free ReportAcushnet 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.
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