Acushnet (GOLF) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Acushnet in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" GOLF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GOLF, but not buy additional shares or sell existing shares.
View GOLF analyst ratings or view top-rated stocks.

8 analysts have issued 12-month target prices for Acushnet's shares. Their GOLF share price forecasts range from $45.00 to $84.00. On average, they expect the company's stock price to reach $59.33 in the next year. This suggests a possible upside of 9.5% from the stock's current price.
View analysts price targets for GOLF or view top-rated stocks among Wall Street analysts.

Acushnet's stock was trading at $42.46 on January 1st, 2023. Since then, GOLF stock has increased by 27.6% and is now trading at $54.18.
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Acushnet saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 5,040,000 shares, an increase of 15.9% from the August 15th total of 4,350,000 shares. Based on an average daily volume of 371,400 shares, the short-interest ratio is currently 13.6 days. Approximately 16.6% of the shares of the company are sold short.
View Acushnet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our GOLF earnings forecast.

Acushnet Holdings Corp. (NYSE:GOLF) announced its quarterly earnings data on Thursday, August, 3rd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.16. The business earned $689.40 million during the quarter, compared to the consensus estimate of $673.30 million. Acushnet had a trailing twelve-month return on equity of 21.42% and a net margin of 9.23%. The company's revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share.

Acushnet announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.195 per share on Friday, September 15th. This represents a $0.78 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for GOLF.

ETFs with the largest weight of Acushnet (NYSE:GOLF) stock in their portfolio include WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).Small Cap US Equity Select ETF (RNSC).

Acushnet (NYSE:GOLF) pays an annual dividend of $0.78 per share and currently has a dividend yield of 1.44%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 24.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GOLF will have a dividend payout ratio of 25.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GOLF.

Acushnet issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.35 billion-$2.40 billion, compared to the consensus revenue estimate of $2.37 billion.

25 employees have rated Acushnet Chief Executive Officer Wally Uihlein on Glassdoor.com. Wally Uihlein has an approval rating of 91% among the company's employees. This puts Wally Uihlein in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Acushnet investors own include Advanced Micro Devices (AMD), AbbVie (ABBV), Procter & Gamble (PG), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Micron Technology (MU), Target (TGT), Abbott Laboratories (ABT) and Apollo Global Management (APO).

(GOLF) raised $434 million in an initial public offering (IPO) on Friday, October 28th 2016. The company issued 19,300,000 shares at a price of $21.00-$24.00 per share. J.P. Morgan, Morgan Stanley, Nomura and UBS Investment Bank served as the underwriters for the IPO and Credit Suisse, Daiwa Capital Markets, Deutsche Bank Securities, Jefferies, Wells Fargo Securities, D.A. Davidson, KeyBanc Capital Markets, Raymond James and SunTrust Robinson Humphrey were co-managers.

Acushnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "GOLF."

Acushnet's stock is owned by many different institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (11.94%), BlackRock Inc. (3.29%), JPMorgan Chase & Co. (2.71%), Dimensional Fund Advisors LP (2.55%), Wells Fargo & Company MN (1.81%) and Principal Financial Group Inc. (1.75%). Insiders that own company stock include Brendan J Reidy, Christopher Aaron Lindner, Holdings Corp Fila, Mary Louise Bohn, Sean S Sullivan, Steven Francis Pelisek, Thomas Pacheco and Yoon Soo (Gene) Yoon.
View institutional ownership trends.

Shares of GOLF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GOLF stock can currently be purchased for approximately $54.18.

Acushnet (NYSE:GOLF) has a market capitalization of $3.61 billion and generates $2.27 billion in revenue each year. The company earns $199.28 million in net income (profit) each year or $3.17 on an earnings per share basis.

The company employs 7,300 workers across the globe.

Acushnet's mailing address is 333 BRIDGE STREET, FAIRHAVEN MA, 02719. The official website for the company is www.acushnetholdingscorp.com. The company can be reached via phone at (800) 225-8500 or via email at ir@acushnetgolf.com.