Yousif Capital Management LLC Buys Shares of 10,067 Acushnet (NYSE:GOLF)

Yousif Capital Management LLC bought a new stake in shares of Acushnet (NYSE:GOLF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,067 shares of the company's stock, valued at approximately $691,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in Acushnet in the fourth quarter worth approximately $31,000. Lazard Asset Management LLC bought a new position in Acushnet in the fourth quarter worth approximately $51,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings 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 acquiring an additional 232 shares in the last quarter. Hyperion Capital Advisors LP bought a new position in Acushnet in the fourth quarter worth approximately $206,000. Finally, Corient Private Wealth LLC bought a new position in Acushnet in the fourth quarter worth approximately $210,000. Institutional investors own 53.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. KeyCorp raised their target price on Acushnet from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Compass Point lowered Acushnet from a "buy" rating to a "neutral" rating and dropped their target price for the company from $80.00 to $71.00 in a report on Monday, May 5th. Wall Street Zen lowered Acushnet from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Truist Financial raised their target price on Acushnet from $64.00 to $65.00 and gave the company a "hold" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $70.00.

Acushnet Stock Performance

Shares of GOLF traded up $1.37 on Monday, reaching $72.59. 458,174 shares of the company's stock traded hands, compared to its average volume of 391,011. 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 stock has a market cap of $4.27 billion, a PE ratio of 20.16 and a beta of 0.84. The stock's 50 day simple moving average is $67.98 and its two-hundred day simple moving average is $67.95. Acushnet has a 52-week low of $55.31 and a 52-week high of $76.65.

Acushnet (NYSE:GOLF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.30. The company had revenue of $703.37 million during the quarter, compared to the consensus estimate of $697.82 million. Acushnet had a return on equity of 26.81% and a net margin of 9.21%. Acushnet's revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $1.35 earnings per share. On average, analysts forecast that Acushnet will post 3.06 earnings per share for the current fiscal year.

Acushnet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, June 6th. Acushnet's payout ratio is 26.11%.

Acushnet 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.