Acushnet - GOLF Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Acushnet in the last twelve months. There are currently 4 hold ratings and 2 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.

6 brokerages have issued 12 month price targets for Acushnet's stock. Their GOLF share price forecasts range from $45.00 to $56.00. On average, they anticipate the company's stock price to reach $50.14 in the next year. This suggests a possible upside of 3.7% 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 stock has decreased by 8.9% and is now trading at $48.34.
View the best growth stocks for 2022 here.

Acushnet saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 4,740,000 shares, an increase of 5.6% from the October 15th total of 4,490,000 shares. Based on an average daily volume of 265,300 shares, the days-to-cover ratio is presently 17.9 days. Approximately 15.1% 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 Tuesday, March 7th 2023.
View our GOLF earnings forecast.

Acushnet Holdings Corp. (NYSE:GOLF) announced its quarterly earnings results on Thursday, November, 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.13. The company earned $558.20 million during the quarter, compared to analysts' expectations of $517.42 million. Acushnet had a net margin of 7.80% and a trailing twelve-month return on equity of 16.12%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share.

Acushnet declared a quarterly dividend on Friday, November 4th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.18 per share on Friday, December 16th. This represents a $0.72 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, December 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 1.51%. 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 30.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GOLF will have a dividend payout ratio of 26.97% 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 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.23 billion-$2.25 billion, compared to the consensus revenue estimate of $2.24 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 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 number of institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (11.29%), Vanguard Group Inc. (4.40%), BlackRock Inc. (3.20%), Dimensional Fund Advisors LP (2.35%), Victory Capital Management Inc. (2.08%) and Macquarie Group Ltd. (1.85%). Insiders that own company stock include Christopher Aaron Lindner, Holdings Corp Fila, Steven Francis Pelisek 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 $48.34.

Acushnet (NYSE:GOLF) has a market capitalization of $3.39 billion and generates $2.15 billion in revenue each year. The company earns $178.87 million in net income (profit) each year or $2.37 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.