Acushnet (NYSE:GOLF - Get Free Report) had its target price lifted by stock analysts at KeyCorp from $75.00 to $80.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's price target would suggest a potential upside of 8.99% from the company's previous close.
Several other research analysts have also recently weighed in on GOLF. Compass Point cut Acushnet from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $80.00 to $71.00 in a report on Monday, May 5th. Wall Street Zen downgraded Acushnet from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Truist Financial boosted their price objective on Acushnet from $64.00 to $65.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Acushnet has a consensus rating of "Hold" and a consensus price target of $71.00.
Check Out Our Latest Stock Report on Acushnet
Acushnet Price Performance
NYSE:GOLF opened at $73.40 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.19. Acushnet has a 52 week low of $55.31 and a 52 week high of $76.65. The stock's 50-day moving average price is $68.75 and its 200-day moving average price is $68.00. The stock has a market capitalization of $4.31 billion, a PE ratio of 20.39 and a beta of 0.84.
Acushnet (NYSE:GOLF - Get Free Report) last announced its 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 business had revenue of $703.37 million during the quarter, compared to analysts' expectations of $697.82 million. Acushnet had a return on equity of 26.81% and a net margin of 9.21%. The business's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 earnings per share. As a group, equities analysts expect that Acushnet will post 3.06 EPS for the current fiscal year.
Institutional Trading of Acushnet
Several institutional investors have recently made changes to their positions in GOLF. Vanguard Group Inc. grew its position in Acushnet by 9.6% in the first quarter. Vanguard Group Inc. now owns 3,090,666 shares of the company's stock worth $212,205,000 after acquiring an additional 269,742 shares during the period. Dimensional Fund Advisors LP raised its position in Acushnet by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,549,266 shares of the company's stock valued at $106,366,000 after purchasing an additional 42,533 shares during the period. Wellington Management Group LLP lifted its stake in shares of Acushnet by 6.7% in the 1st quarter. Wellington Management Group LLP now owns 1,310,965 shares of the company's stock valued at $90,011,000 after purchasing an additional 82,247 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Acushnet by 7.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,104,699 shares of the company's stock valued at $75,849,000 after purchasing an additional 80,676 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Acushnet by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,078,416 shares of the company's stock worth $76,654,000 after purchasing an additional 54,314 shares during the period. Hedge funds and other institutional investors own 53.12% of the company's stock.
About Acushnet
(
Get 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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