NYSE:GOLF Acushnet (GOLF) Stock Forecast, Price & News $47.39 +1.62 (+3.54%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$45.82▼$47.4450-Day Range$44.16▼$53.2552-Week Range$38.34▼$54.11Volume367,176 shsAverage Volume321,493 shsMarket Capitalization$3.19 billionP/E Ratio15.85Dividend Yield1.65%Price Target$52.63 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Acushnet MarketRank™ ForecastAnalyst RatingHold2.29 Rating ScoreUpside/Downside11.0% Upside$52.63 Price TargetShort InterestBearish18.86% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-6.00Upright™ Environmental ScoreNews SentimentN/AInsider TradingSelling Shares$3.36 M Sold Last QuarterProj. Earnings Growth6.53%From $2.91 to $3.10 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.24 out of 5 starsConsumer Discretionary Sector96th out of 273 stocksSporting & Athletic Goods, Not Elsewhere Classified Industry5th out of 10 stocks 3.1 Analyst's Opinion Consensus RatingAcushnet has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $52.63, Acushnet has a forecasted upside of 11.0% from its current price of $47.39.Amount of Analyst CoverageAcushnet has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted18.86% of the float of Acushnet has been sold short.Short Interest Ratio / Days to CoverAcushnet has a short interest ratio ("days to cover") of 18, which indicates bearish sentiment.Change versus previous monthShort interest in Acushnet has recently decreased by 2.36%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend YieldAcushnet pays a meaningful dividend of 1.70%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAcushnet has been increasing its dividend for 6 years.Dividend CoverageThe dividend payout ratio of Acushnet is 26.09%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Acushnet will have a dividend payout ratio of 25.16% next year. This indicates that Acushnet will be able to sustain or increase its dividend. Previous Next 1.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAcushnet has received a -13.08% net impact score from Upright. The largest negative impact of Acushnet in category "Scarce natural resources" seems to be driven mostly by its "Golf shoes", "Golf balls", and "Golf clubs" products. See details.Environmental SustainabilityThe Environmental Impact score for Acushnet is -6.00. Previous Next 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Acushnet this week, compared to 3 articles on an average week.Search Interest7 people have searched for GOLF on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.MarketBeat Follows2 people have added Acushnet to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Acushnet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,363,250.00 in company stock.Percentage Held by Insiders54.10% of the stock of Acushnet is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions49.39% of the stock of Acushnet is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Acushnet are expected to grow by 6.53% in the coming year, from $2.91 to $3.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Acushnet is 15.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.14.Price to Earnings Ratio vs. SectorThe P/E ratio of Acushnet is 15.85, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.10.Price to Book Value per Share RatioAcushnet has a P/B Ratio of 3.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Acushnet (NYSE:GOLF) StockAcushnet Holdings Corp. engages in the design, development, manufacture, and distribution of performance-driven golf products. It operates through the following segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, FootJoy Golf Wear, and Other. The Titleist Golf Balls segment is involved in the design and manufacture of golf balls. The Titleist Golf Clubs segment designs, assembles, and sells golf clubs such as drivers, fairways, hybrids, and irons. The Titleist Golf Gear segment offers golf bags, headwear, golf gloves, travel products, headcovers, and other golf accessories. The FootJoy Golf Wear segment includes golf shoes, gloves, and apparel. The company was founded by Phil Young in 1910 and is headquartered in Fairhaven, MA.Read More Receive GOLF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Acushnet and its competitors with MarketBeat's FREE daily newsletter. Email Address GOLF Stock News HeadlinesMay 31, 2023 | americanbankingnews.comAcushnet Holdings Corp. Plans Quarterly Dividend of $0.20 (NYSE:GOLF)May 24, 2023 | fool.comAcushnet (NYSE: GOLF)June 3, 2023 | Legacy Research (Affiliate) (Ad)The “Amazon Secret Royalty Program” Can Help Anyone Retire Like RoyaltyA unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.May 19, 2023 | finance.yahoo.comIs Acushnet Holdings Corp. (NYSE:GOLF) Potentially Undervalued?May 19, 2023 | americanbankingnews.comAcushnet Holdings Corp. (NYSE:GOLF) Receives $52.63 Average Target Price from AnalystsMay 17, 2023 | americanbankingnews.comMary Louise Bohn Sells 30,000 Shares of Acushnet Holdings Corp. (NYSE:GOLF) StockMay 15, 2023 | marketwatch.com2030, Golf Equipment and Apparel Market Growth | Future Prospects and Competitive AnalysisMay 15, 2023 | marketwatch.com2030, Golf Equipment Manufacturing Market Growth | Future Prospects and Competitive AnalysisJune 3, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 11, 2023 | americanbankingnews.comAcushnet's (GOLF) "Maintains" Rating Reiterated at 92 ResourcesMay 10, 2023 | americanbankingnews.comKeyCorp Research Analysts Reduce Earnings Estimates for Acushnet Holdings Corp. (NYSE:GOLF)May 9, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for Acushnet HldgsMay 9, 2023 | msn.comMorgan Stanley Maintains Acushnet Holdings (GOLF) Equal-Weight RecommendationMay 9, 2023 | msn.comAcushnet Holdings is tipped by Morgan Stanley to have issued conservative guidanceMay 4, 2023 | finance.yahoo.com3 Reasons Why Growth Investors Shouldn't Overlook Acushnet (GOLF)May 3, 2023 | americanbankingnews.comAcushnet (GOLF) to Release Earnings on ThursdayApril 27, 2023 | finance.yahoo.comAcushnet (GOLF) Expected to Beat Earnings Estimates: Can the Stock Move Higher?April 26, 2023 | americanbankingnews.comBrokerages Set Acushnet Holdings Corp. (NYSE:GOLF) PT at $52.63April 23, 2023 | americanbankingnews.comAcushnet Holdings Corp. (NYSE:GOLF) to Post Q1 2023 Earnings of $1.17 Per Share, KeyCorp ForecastsApril 22, 2023 | americanbankingnews.comAcushnet Holdings Corp. (NYSE:GOLF) Expected to Post Q1 2024 Earnings of $1.26 Per ShareApril 20, 2023 | finance.yahoo.comAcushnet Holdings Corp. to Announce First Quarter 2023 Financial Results on May 4, 2023April 20, 2023 | americanbankingnews.comAcushnet (NYSE:GOLF) Now Covered by Analysts at KeyCorpApril 18, 2023 | finance.yahoo.comAcushnet Holdings Corp.'s (NYSE:GOLF) Stock Been Rising: Are Strong Financials Guiding The Market?April 17, 2023 | marketwatch.com2023-2031 "Golf Clubs Market" Share | Global Industry Analysis and ForecastApril 10, 2023 | americanbankingnews.comAcushnet (NYSE:GOLF) Receives Equal Weight Rating from StephensApril 2, 2023 | finance.yahoo.comInvesting in Acushnet Holdings (NYSE:GOLF) five years ago would have delivered you a 134% gainApril 1, 2023 | msn.comTiger Woods may be upstaged by Augusta chairman at MastersSee More Headlines GOLF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GOLF Company Calendar Ex-Dividend for 3/24 Dividend3/09/2023Dividend Payable3/24/2023Last Earnings5/04/2023Ex-Dividend for 6/16 Dividend6/01/2023Today6/03/2023Dividend Payable6/16/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Sporting & athletic goods, not elsewhere classified Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNYSE:GOLF CUSIPN/A CIK1672013 Webwww.acushnetholdingscorp.com Phone(800) 225-8500FaxN/AEmployees7,300Year FoundedN/APrice Target and Rating Average Stock Price Forecast$52.63 High Stock Price Forecast$62.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+10.9%Consensus RatingHold Rating Score (0-4)2.29 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$2.99 Trailing P/E Ratio15.87 Forward P/E Ratio16.30 P/E GrowthN/ANet Income$199.28 million Net Margins9.08% Pretax Margin11.53% Return on Equity20.56% Return on Assets9.66% Debt Debt-to-Equity Ratio0.77 Current Ratio2.73 Quick Ratio1.35 Sales & Book Value Annual Sales$2.27 billion Price / Sales1.41 Cash Flow$3.67 per share Price / Cash Flow12.93 Book Value$15.22 per share Price / Book3.12Miscellaneous Outstanding Shares67,360,000Free Float30,920,000Market Cap$3.20 billion OptionableOptionable Beta0.81 Key ExecutivesDavid MaherPresident, Chief Executive Officer & DirectorThomas PachecoTreasurer, Chief Financial & Accounting OfficerRoger J. CzuchraExecutive VP, Chief Technology & Digital OfficerRoland A. GirouxSecretary, Chief Legal Officer & Executive VPBrendan J. ReidyChief People Officer & Executive Vice PresidentKey CompetitorsYETINYSE:YETITopgolf Callaway BrandsNYSE:MODGPeloton InteractiveNASDAQ:PTONManchester UnitedNYSE:MANUSpectrum BrandsNYSE:SPBView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 4,695 shares on 6/1/2023Ownership: 2.077%Ameriprise Financial Inc.Bought 278,613 shares on 5/22/2023Ownership: 1.440%JPMorgan Chase & Co.Sold 65,454 shares on 5/18/2023Ownership: 2.467%New York State Common Retirement FundSold 22,578 shares on 5/18/2023Ownership: 0.039%SkyView Investment Advisors LLCBought 17,541 shares on 5/18/2023Ownership: 0.026%View All Insider TransactionsView All Institutional Transactions GOLF Stock - Frequently Asked Questions Should I buy or sell Acushnet stock right now? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acushnet in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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? 7 Wall Street analysts have issued 1 year target prices for Acushnet's stock. Their GOLF share price forecasts range from $45.00 to $62.00. On average, they expect the company's share price to reach $52.63 in the next year. This suggests a possible upside of 10.9% 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 on January 1st, 2023. Since then, GOLF stock has increased by 11.7% and is now trading at $47.44. View the best growth stocks for 2023 here. When is Acushnet's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. View our GOLF earnings forecast. How were Acushnet's earnings last quarter? Acushnet Holdings Corp. (NYSE:GOLF) announced its earnings results on Thursday, May, 4th. The company reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.27. The business earned $686.30 million during the quarter, compared to analyst estimates of $631.12 million. Acushnet had a net margin of 9.08% and a trailing twelve-month return on equity of 20.56%. Acushnet's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. How often does Acushnet pay dividends? What is the dividend yield for Acushnet? Acushnet declared a quarterly dividend on Thursday, May 4th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.195 per share on Friday, June 16th. This represents a $0.78 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, June 1st. 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), Mid Cap US Equity Select ETF (RNMC), First Trust Mid Cap Growth AlphaDEX Fund (FNY), Janus Henderson Small Cap Growth Alpha ETF (JSML), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), WisdomTree U.S. SmallCap Dividend Fund (DES), 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 1.74%. 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 26.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GOLF will have a dividend payout ratio of 25.16% 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, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.33 billion-$2.38 billion, compared to the consensus revenue estimate of $2.35 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 initial public offering 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 acted 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 variety of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (11.94%), Wellington Management Group LLP (4.11%), BlackRock Inc. (3.38%), Dimensional Fund Advisors LP (2.67%), JPMorgan Chase & Co. (2.47%) and Macquarie Group Ltd. (2.08%). Insiders that own company stock include Christopher Aaron Lindner, Holdings Corp Fila, Mary Louise Bohn, 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 $47.44. How much money does Acushnet make? Acushnet (NYSE:GOLF) has a market capitalization of $3.20 billion and generates $2.27 billion in revenue each year. The company earns $199.28 million in net income (profit) each year or $2.99 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. This page (NYSE:GOLF) was last updated on 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Acushnet Holdings Corp. 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