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NYSE:GOLF

Acushnet (GOLF) Stock Forecast, Price & News

$53.05
-1.28 (-2.36%)
(As of 09/26/2023 ET)
Compare
Today's Range
$52.99
$54.52
50-Day Range
$53.05
$59.61
52-Week Range
$42.06
$61.98
Volume
293,963 shs
Average Volume
347,986 shs
Market Capitalization
$3.53 billion
P/E Ratio
16.74
Dividend Yield
1.47%
Price Target
$59.33

Acushnet MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
11.8% Upside
$59.33 Price Target
Short Interest
Bearish
16.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.00
Upright™ Environmental Score
News Sentiment
0.66mentions of Acushnet in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.72 M Sold Last Quarter
Proj. Earnings Growth
6.25%
From $2.88 to $3.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Consumer Discretionary Sector

151st out of 267 stocks

Sporting & Athletic Goods, Not Elsewhere Classified Industry

7th out of 10 stocks


GOLF stock logo

About Acushnet (NYSE:GOLF) Stock

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. It offers golf balls under the Titleist brand; golf clubs, such as drivers, fairways, hybrids, and irons under the Titleist brand name; wedges under the Vokey Design brand; and putters under the Scotty Cameron brand. The company also provides golf bags, headwear, golf gloves, travel products, head covers, and other golf accessories, as well as offers customization and personalization of products in Titleist golf gear. In addition, it offers golf shoes, gloves, golf outerwear, and men's and women's golf apparels under the FootJoy brand; and ski, golf, and lifestyle apparels under the KJUS brand name. It sells its products through on course golf shops and golf specialty retailers, as well as through representatives, other retailers, and online. The company was formerly known as Alexandria Holdings Corp. and changed its name to Acushnet Holdings Corp. in March 2016. Acushnet Holdings Corp. was founded in 1910 and is headquartered in Fairhaven, Massachusetts.

GOLF Price History

GOLF Stock News Headlines

Acushnet Holdings Corp. Announces Offering of Senior Notes
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Brokerages Set Acushnet Holdings Corp. (NYSE:GOLF) PT at $59.33
Tigress Financial Keeps Their Buy Rating on Acushnet Holdings (GOLF)
Where Acushnet Hldgs Stands With Analysts
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Acushnet rises on upgrade as we age and play more golf
What 4 Analyst Ratings Have To Say About Acushnet Hldgs
Acushnet Hldgs Recent Insider Activity
See More Headlines
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GOLF Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/26/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Sporting & athletic goods, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
7,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$59.33
High Stock Price Forecast
$84.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+11.4%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$199.28 million
Pretax Margin
11.84%

Debt

Sales & Book Value

Annual Sales
$2.27 billion
Cash Flow
$3.40 per share
Book Value
$13.91 per share

Miscellaneous

Free Float
30,551,000
Market Cap
$3.54 billion
Optionable
Optionable
Beta
0.86
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. David E. Maher (Age 55)
    Pres, CEO & Director
    Comp: $2.25M
  • Mr. Sean S. Sullivan (Age 56)
    Exec. VP & CFO
    Comp: $113.75k
  • Ms. Mary Louise Bohn (Age 62)
    Pres of Titleist Golf Balls
    Comp: $924.58k
  • Mr. Steven Pelisek (Age 62)
    Pres of Titleist Golf Clubs
    Comp: $915.58k
  • Mr. Christopher Aaron LindnerMr. Christopher Aaron Lindner (Age 54)
    Pres of FootJoy
    Comp: $911.26k
  • Mr. Nicholas N. Mohamed (Age 47)
    VP, Controller & Principal Accounting Officer
  • Mr. Roger Czuchra (Age 53)
    Exec. VP and Chief Technology & Digital Officer
  • Mr. Roland A. Giroux (Age 62)
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Mr. Brendan J. Reidy (Age 45)
    Exec. VP & Chief People Officer
  • Mr. John Duke Jr. (Age 54)
    Pres of Titleist Golf Gear













GOLF Stock - Frequently Asked Questions

Should I buy or sell Acushnet stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Acushnet in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.

What is Acushnet's stock price forecast for 2023?

8 analysts have issued 12-month price targets for Acushnet's shares. Their GOLF share price forecasts range from $45.00 to $84.00. On average, they anticipate the company's share price to reach $59.33 in the next twelve months. This suggests a possible upside of 11.4% from the stock's current price.
View analysts price targets for GOLF
or view top-rated stocks among Wall Street analysts.

How have GOLF shares performed in 2023?

Acushnet's stock was trading at $42.46 at the beginning of the year. Since then, GOLF shares have increased by 25.4% and is now trading at $53.24.
View the best growth stocks for 2023 here
.

Are investors shorting Acushnet?

Acushnet saw a increase in short interest in 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 trading volume, of 371,400 shares, the short-interest ratio is currently 13.6 days. Currently, 16.6% of the shares of the stock are sold short.
View Acushnet's Short Interest
.

When is Acushnet's next earnings date?

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

How were Acushnet's earnings last quarter?

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

How often does Acushnet pay dividends? What is the dividend yield for Acushnet?

Acushnet declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, September 1st will be given a dividend of $0.195 per share on Friday, September 15th. This represents a $0.78 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for GOLF
.

What ETFs hold Acushnet's stock?

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).

Is Acushnet a good dividend stock?

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.

What guidance has Acushnet issued on next quarter's earnings?

Acushnet updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) 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.

What is Wally Uihlein's approval rating as Acushnet's CEO?

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.

What other stocks do shareholders of Acushnet own?

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).

When did Acushnet IPO?

(GOLF) raised $434 million in an 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.

What is Acushnet's stock symbol?

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

Who are Acushnet's major shareholders?

Acushnet's stock is owned by a number of 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
.

How do I buy shares of Acushnet?

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.
Compare Top Brokerages Here.

What is Acushnet's stock price today?

One share of GOLF stock can currently be purchased for approximately $53.24.

How much money does Acushnet make?

Acushnet (NYSE:GOLF) has a market capitalization of $3.54 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.

How many employees does Acushnet have?

The company employs 7,300 workers across the globe.

How can I contact Acushnet?

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.

This page (NYSE:GOLF) was last updated on 9/26/2023 by MarketBeat.com Staff

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