SG Americas Securities LLC raised its holdings in shares of Acushnet (NYSE:GOLF - Free Report) by 783.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,391 shares of the company's stock after acquiring an additional 15,422 shares during the quarter. SG Americas Securities LLC's holdings in Acushnet were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the stock. Heritage Family Offices LLP boosted its holdings in Acushnet by 7.4% in the 1st quarter. Heritage Family Offices LLP now owns 3,090 shares of the company's stock valued at $212,000 after purchasing an additional 212 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Acushnet by 1.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,100 shares of the company's stock worth $1,144,000 after buying an additional 213 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Acushnet by 1.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 13,404 shares of the company's stock worth $953,000 after buying an additional 217 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in Acushnet by 39.6% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 818 shares of the company's stock worth $58,000 after buying an additional 232 shares in the last quarter. Finally, Semanteon Capital Management LP raised its holdings in Acushnet by 3.0% in the fourth quarter. Semanteon Capital Management LP now owns 9,659 shares of the company's stock worth $687,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 53.12% of the company's stock.
Acushnet Trading Down 0.5%
Shares of GOLF stock traded down $0.35 on Friday, reaching $71.07. 246,061 shares of the company's stock were exchanged, compared to its average volume of 502,110. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.19. The company's fifty day simple moving average is $67.58 and its 200 day simple moving average is $68.07. Acushnet has a 52 week low of $55.31 and a 52 week high of $76.65. The stock has a market capitalization of $4.18 billion, a PE ratio of 19.74 and a beta of 0.84.
Acushnet (NYSE:GOLF - Get Free Report) last announced its quarterly 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 firm had revenue of $703.37 million for the quarter, compared to analyst estimates of $697.82 million. Acushnet had a return on equity of 26.81% and a net margin of 9.21%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. As a group, analysts forecast that Acushnet will post 3.06 EPS for the current year.
Acushnet Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, June 6th. Acushnet's dividend payout ratio (DPR) is presently 26.11%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on GOLF shares. KeyCorp raised their price target on Acushnet from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Compass Point cut shares of Acushnet from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $80.00 to $71.00 in a research note on Monday, May 5th. Truist Financial increased their target price on Acushnet from $64.00 to $65.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered Acushnet from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Acushnet presently has an average rating of "Hold" and an average price target of $70.00.
View Our Latest Research Report on GOLF
About Acushnet
(
Free Report)
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.
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