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NYSE:GOLF

Acushnet Stock Forecast, Price & News

$33.04
0.00 (0.00 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$32.66
Now: $33.04
$33.19
50-Day Range
$33.04
MA: $34.66
$36.05
52-Week Range
$20.65
Now: $33.04
$39.85
Volume181,565 shs
Average Volume376,492 shs
Market Capitalization$2.45 billion
P/E Ratio42.36
Dividend Yield1.88%
Beta0.81
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. The Titleist Golf Balls segment offers golf balls, such as Pro V1, Pro V1x, AVX, Tour Soft, Velocity, DT TruSoft, and Pinnacle golf balls, as well as provides custom imprinted golf balls with corporate logos, tournament logos, country club or resort logos, and personalization on Titleist and Pinnacle golf balls. The Titleist Golf Clubs segment designs, assembles, and sells golf clubs, such as drivers, fairways, hybrids, and irons under the Titleist brand; wedges under the Vokey Design brand; and putters under Scotty Cameron brand. The Titleist Golf Gear segment designs and develops golf bags, headwear, golf gloves, travel gears, head covers, and other golf gears, as well as offers customization and personalization of products in Titleist golf gear. The FootJoy Golf Wear segment provides shoes, such as traditional, spikeless, athletic, and casual shoes; gloves that include leather construction, synthetic, leather/synthetic combination, and specialty gloves; and outerwear and apparels, such as performance outerwear, performance golf apparels, and golf leisure women apparels. It sells its products through golf shops and golf specialty retailers, as well as through representatives, other qualified 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.9Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 2.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.97 out of 5 stars


Industry, Sector and Symbol

Industry Sporting & athletic goods, not elsewhere classified
Sub-IndustryN/A
CUSIPN/A
Phone800-225-8500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.68 billion
Cash Flow$2.15 per share
Book Value$12.65 per share

Profitability

Net Income$121.07 million

Miscellaneous

Employees5,213
Market Cap$2.45 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$33.04
0.00 (0.00 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Acushnet (NYSE:GOLF) Frequently Asked Questions

How has Acushnet's stock been impacted by Coronavirus (COVID-19)?

Acushnet's stock was trading at $24.58 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GOLF shares have increased by 34.4% and is now trading at $33.04.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Acushnet?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acushnet in the last year. There are currently 2 sell ratings, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Acushnet
.

When is Acushnet's next earnings date?

Acushnet is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Acushnet
.

How were Acushnet's earnings last quarter?

Acushnet Holdings Corp (NYSE:GOLF) announced its earnings results on Wednesday, August, 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.19 by $0.16. The company had revenue of $300 million for the quarter, compared to analyst estimates of $339.41 million. Acushnet had a net margin of 3.94% and a return on equity of 7.91%. The company's revenue was down 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share.
View Acushnet's earnings history
.

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

Acushnet announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Friday, September 4th will be given a dividend of $0.155 per share on Friday, September 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 3rd.
View Acushnet's dividend history
.

What price target have analysts set for GOLF?

9 analysts have issued 12 month price objectives for Acushnet's stock. Their forecasts range from $22.25 to $34.00. On average, they anticipate Acushnet's stock price to reach $28.43 in the next year. This suggests that the stock has a possible downside of 14.0%.
View analysts' price targets for Acushnet
.

Are investors shorting Acushnet?

Acushnet saw a decrease in short interest in August. As of August 14th, there was short interest totaling 2,830,000 shares, a decrease of 14.2% from the July 30th total of 3,300,000 shares. Based on an average daily trading volume, of 347,900 shares, the days-to-cover ratio is presently 8.1 days. Currently, 8.4% of the shares of the stock are short sold.
View Acushnet's Short Interest
.

Who are some of Acushnet's key competitors?

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).

Who are Acushnet's key executives?

Acushnet's management team includes the following people:
  • Mr. David E. Maher, Pres, CEO & Director (Age 51)
  • Mr. Brendan Michael Gibbons, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 43)
  • Mr. Joseph J. Nauman, Sr. Advisor (Age 66)
  • Mr. Walter R. Uihlein, Director & Advisor to the Chairman (Age 70)
  • Mr. Thomas Pacheco, Exec. VP, CFO & Chief Accounting Officer (Age 50)

When did Acushnet IPO?

(GOLF) raised $434 million in an IPO 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 many different retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (9.20%), Vanguard Group Inc. (4.12%), Principal Financial Group Inc. (3.26%), Principal Financial Group Inc. (3.26%), Macquarie Group Ltd. (1.29%) and Grantham Mayo Van Otterloo & Co. LLC (0.85%).
View institutional ownership trends for Acushnet
.

Which major investors are selling Acushnet stock?

GOLF stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., FMR LLC, Goldman Sachs Group Inc., Bank of Montreal Can, Vanguard Group Inc., Grantham Mayo Van Otterloo & Co. LLC, and AQR Capital Management LLC.
View insider buying and selling activity for Acushnet
.

Which major investors are buying Acushnet stock?

GOLF stock was bought by a variety of institutional investors in the last quarter, including Kayne Anderson Rudnick Investment Management LLC, Macquarie Group Ltd., Raymond James & Associates, First Trust Advisors LP, Stifel Financial Corp, Balyasny Asset Management LLC, Denali Advisors LLC, and Holocene Advisors LP.
View insider buying and selling activity for Acushnet
.

How do I buy shares of Acushnet?

Shares of GOLF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Acushnet's stock price today?

One share of GOLF stock can currently be purchased for approximately $33.04.

How big of a company is Acushnet?

Acushnet has a market capitalization of $2.45 billion and generates $1.68 billion in revenue each year. The company earns $121.07 million in net income (profit) each year or $1.60 on an earnings per share basis. Acushnet employs 5,213 workers across the globe.

What is Acushnet's official website?

The official website for Acushnet is www.acushnetholdingscorp.com.

How can I contact Acushnet?

Acushnet's mailing address is 333 BRIDGE STREET, FAIRHAVEN MA, 02719. The company can be reached via phone at 800-225-8500.

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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