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NYSE:GOLF

Acushnet - GOLF Stock Forecast, Price & News

$51.47
-1.03 (-1.96%)
(As of 08/19/2022 10:57 AM ET)
Add
Compare
Today's Range
$51.47
$52.38
50-Day Range
$38.47
$53.50
52-Week Range
$37.46
$57.87
Volume
1,286 shs
Average Volume
266,326 shs
Market Capitalization
$3.66 billion
P/E Ratio
23.72
Dividend Yield
1.35%
Price Target
$53.80

Acushnet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.5% Upside
$53.80 Price Target
Short Interest
Bearish
11.63% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.00
Upright™ Environmental Score
News Sentiment
0.46mentions of Acushnet in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.66%
From $2.79 to $2.92 Per Share

Overall MarketRank

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

1.57 out of 5 stars

Consumer Discretionary Sector

274th out of 288 stocks

Sporting & Athletic Goods, Not Elsewhere Classified Industry

10th 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.

Acushnet Stock Down 1.4 %

Shares of NYSE:GOLF opened at $52.50 on Friday. Acushnet has a 12 month low of $37.46 and a 12 month high of $57.87. The company's 50-day moving average price is $45.55 and its two-hundred day moving average price is $43.43. The company has a quick ratio of 1.10, a current ratio of 1.95 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.74 billion, a P/E ratio of 24.19 and a beta of 0.77.

Acushnet (NYSE:GOLF - Get Rating) last released its earnings results on Thursday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. Acushnet had a net margin of 7.36% and a return on equity of 14.53%. The company had revenue of $658.60 million for the quarter, compared to the consensus estimate of $581.89 million. During the same period in the prior year, the company posted $1.08 EPS. The company's revenue was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that Acushnet will post 2.79 EPS for the current fiscal year.

Acushnet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.37%. Acushnet's dividend payout ratio is 33.18%.

Wall Street Analysts Forecast Growth

GOLF has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of Acushnet from $56.00 to $48.00 and set an "equal weight" rating on the stock in a report on Monday, April 25th. StockNews.com lowered shares of Acushnet from a "buy" rating to a "hold" rating in a report on Tuesday, June 21st. Finally, Truist Financial upped their target price on shares of Acushnet from $44.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.80.

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GOLF Stock News Headlines

Acushnet (NYSE:GOLF) PT Raised to $50.00
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GOLF Company Calendar

Ex-Dividend for 6/17 Dividend
6/02/2022
Dividend Payable
6/17/2022
Last Earnings
8/04/2022
Today
8/19/2022
Ex-Dividend for 9/16 Dividend
9/01/2022
Dividend Payable
9/16/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Sporting & athletic goods, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
6,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$53.80
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+4.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$178.87 million
Pretax Margin
9.67%

Debt

Sales & Book Value

Annual Sales
$2.15 billion
Cash Flow
$2.91 per share
Book Value
$15.54 per share

Miscellaneous

Free Float
33,447,000
Market Cap
$3.66 billion
Optionable
Optionable
Beta
0.77

Key Executives

  • Mr. David E. Maher (Age 54)
    Pres, CEO & Director
    Comp: $3.15M
  • Mr. Thomas Pacheco (Age 53)
    Exec. VP, CFO & Chief Accounting Officer
    Comp: $1.23M
  • Ms. Mary Louise Bohn (Age 61)
    Pres of Titleist Golf Balls
    Comp: $1.17M
  • Mr. Steven Pelisek (Age 61)
    Pres of Titleist Golf Clubs
    Comp: $1.15M
  • Mr. Christopher Aaron LindnerMr. Christopher Aaron Lindner (Age 53)
    Pres of FootJoy
    Comp: $1.16M
  • Mr. Roland A. Giroux (Age 61)
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Mr. Brendan J. Reidy (Age 44)
    Exec. VP & Chief People Officer
  • Mr. John Duke Jr. (Age 53)
    Pres of Titleist Golf Gear
  • Timo Regier
    Managing Director of KJUS European Operations
  • Ms. Brooke Mackenzie
    Pres of Worldwide Operations of KJUS













GOLF Stock - Frequently Asked Questions

Should I buy or sell Acushnet stock right now?

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.

What is Acushnet's stock price forecast for 2022?

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.

How have GOLF shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Acushnet?

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
.

When is Acushnet's next earnings date?

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

How were Acushnet's earnings last quarter?

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.

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

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
.

Is Acushnet a good dividend stock?

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.

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

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.

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 $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 (11.20%), 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
.

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 $52.50.

How much money does Acushnet make?

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.

How many employees does Acushnet have?

The company employs 6,500 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 8/19/2022 by MarketBeat.com Staff

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