Acushnet (GOLF) Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our GOLF earnings forecast.

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.

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.

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),

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.

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.

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 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.

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

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.
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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 $47.44.

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.

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.