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 5 hold ratings and 1 buy rating 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.

6 brokers have issued twelve-month price targets 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 $52.00 in the next year. This suggests a possible upside of 5.1% 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 at the start of the year. Since then, GOLF stock has increased by 16.5% and is now trading at $49.46.
View the best growth stocks for 2023 here.

Acushnet saw a drop in short interest in February. As of February 15th, there was short interest totaling 5,540,000 shares, a drop of 6.4% from the January 31st total of 5,920,000 shares. Based on an average trading volume of 329,000 shares, the days-to-cover ratio is currently 16.8 days. Currently, 16.4% of the company's stock are sold short.
View Acushnet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our GOLF earnings forecast.

Acushnet Holdings Corp. (NYSE:GOLF) issued its quarterly earnings data on Thursday, November, 4th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.38. The business had revenue of $521.60 million for the quarter, compared to analyst estimates of $430.53 million. Acushnet had a trailing twelve-month return on equity of 19.00% and a net margin of 8.87%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share.

Acushnet declared a quarterly dividend on Wednesday, March 1st. Shareholders of record on Friday, March 10th will be paid a dividend of $0.195 per share on Friday, March 24th. This represents a $0.78 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, March 9th. This is a boost from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for GOLF.

ETFs with the largest weight of Acushnet (NYSE:GOLF) stock in their portfolio include First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Distillate Small/Mid Cash Flow ETF (DSMC), Janus Henderson Small Cap Growth Alpha ETF (JSML), First Trust Mid Cap US Equity Select ETF (RNMC), First Trust Mid Cap Growth AlphaDEX Fund (FNY), Franklin U.S. Small Cap Multifactor Index ETF (FLQS) and 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 1.57%. 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 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GOLF will have a dividend payout ratio of 26.09% 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 2023 earnings guidance on Wednesday, March, 1st. 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 $2.26 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 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 served 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 JPMorgan Chase & Co. (2.46%), Dimensional Fund Advisors LP (2.41%), Macquarie Group Ltd. (1.99%), Wells Fargo & Company MN (1.68%), Principal Financial Group Inc. (1.61%) and Morgan Stanley (0.99%). Insiders that own company stock include Christopher Aaron Lindner, Holdings Corp Fila, Steven Francis Pelisek, Thomas Pacheco 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 $49.46.

Acushnet (NYSE:GOLF) has a market capitalization of $3.31 billion and generates $2.27 billion in revenue each year. The company earns $199.28 million in net income (profit) each year or $2.73 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.