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NYSE:GOLF

Acushnet - GOLF Stock Forecast, Price & News

$47.85
-0.55 (-1.14%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$47.78
$48.84
50-Day Range
$42.42
$48.40
52-Week Range
$37.46
$55.67
Volume
228,183 shs
Average Volume
277,643 shs
Market Capitalization
$3.36 billion
P/E Ratio
20.19
Dividend Yield
1.49%
Price Target
$50.14

Acushnet MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.8% Upside
$50.14 Price Target
Short Interest
Bearish
14.62% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.00
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$30,800 Sold Last Quarter
Proj. Earnings Growth
-0.74%
From $2.69 to $2.67 Per Share

Overall MarketRank

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

1.53 out of 5 stars

Consumer Discretionary Sector

250th out of 276 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.

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GOLF Stock News Headlines

Acushnet Holdings Is Hitting Its Distance
Returns At Acushnet Holdings (NYSE:GOLF) Are On The Way Up
6 Best Golf Stocks to Buy Now - Yahoo Finance
See More Headlines
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GOLF Company Calendar

Ex-Dividend for 9/16 Dividend
9/01/2022
Dividend Payable
9/16/2022
Last Earnings
11/03/2022
Ex-Dividend for 12/16 Dividend
12/01/2022
Today
12/09/2022
Dividend Payable
12/16/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/07/2023

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
$50.14
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+4.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$178.87 million
Pretax Margin
10.34%

Debt

Sales & Book Value

Annual Sales
$2.15 billion
Cash Flow
$3.02 per share
Book Value
$14.67 per share

Miscellaneous

Free Float
32,998,000
Market Cap
$3.36 billion
Optionable
Optionable
Beta
0.74

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 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.

What is Acushnet's stock price forecast for 2023?

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.

How have GOLF shares performed in 2022?

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
.

Are investors shorting Acushnet?

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
.

When is Acushnet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our GOLF earnings forecast
.

How were Acushnet's earnings last quarter?

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.

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

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
.

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 1.51%. 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.

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

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.

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 (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.

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 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
.

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 $48.34.

How much money does Acushnet make?

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.

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 12/9/2022 by MarketBeat.com Staff