Acushnet - GOLF Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acushnet in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GOLF shares.
View GOLF analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued 12-month price objectives for Acushnet's stock. Their GOLF share price forecasts range from $48.00 to $60.00. On average, they expect the company's stock price to reach $53.80 in the next year. This suggests a possible upside of 2.5% 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 $53.08 at the start of the year. Since then, GOLF shares have decreased by 1.1% and is now trading at $52.50.
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Acushnet saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,820,000 shares, an increase of 5.8% from the July 15th total of 3,610,000 shares. Based on an average daily volume of 287,900 shares, the short-interest ratio is currently 13.3 days. Approximately 11.6% of the shares of the stock are sold short.
View Acushnet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our GOLF earnings forecast.

Acushnet Holdings Corp. (NYSE:GOLF) issued its quarterly earnings results on Thursday, August, 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. The business earned $658.60 million during the quarter, compared to the consensus estimate of $581.89 million. Acushnet had a net margin of 7.36% and a trailing twelve-month return on equity of 14.53%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share.

Acushnet announced a quarterly dividend on Thursday, August 4th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.18 per share on Friday, September 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, September 1st.
Read our dividend analysis for GOLF.

Acushnet (NYSE:GOLF) pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.35%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 33.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GOLF will have a dividend payout ratio of 24.66% 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 2022 earnings guidance on Thursday, August, 18th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.20 billion-$2.25 billion, compared to the consensus revenue estimate of $2.21 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 $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 (11.20%), JPMorgan Chase & Co. (3.24%), Victory Capital Management Inc. (1.99%), Macquarie Group Ltd. (1.84%), Wells Fargo & Company MN (1.73%) and Principal Financial Group Inc. (1.72%). Insiders that own company stock include Christopher Aaron Lindner, Holdings Corp Fila 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 $52.50.

Acushnet (NYSE:GOLF) has a market capitalization of $3.74 billion and generates $2.15 billion in revenue each year. The company earns $178.87 million in net income (profit) each year or $2.17 on an earnings per share basis.

The company employs 6,500 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.