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NYSE:GOLFAcushnet Stock Price, Forecast & News

$34.57
+0.44 (+1.29 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$34.28
Now: $34.57
$34.94
50-Day Range
$23.36
MA: $27.68
$34.13
52-Week Range
$20.65
Now: $34.57
$34.94
Volume301,474 shs
Average Volume548,782 shs
Market Capitalization$2.57 billion
P/E Ratio27.44
Dividend Yield1.82%
Beta0.89
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: 1.9Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 2.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.09 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.68 billion
Cash Flow$2.24 per share
Book Value$12.65 per share

Profitability

Net Income$121.07 million

Miscellaneous

Employees5,213
Market Cap$2.57 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Acushnet (NYSE:GOLF) Frequently Asked Questions

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

Acushnet's stock was trading at $24.58 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GOLF stock has increased by 40.6% and is now trading at $34.57. View which stocks have been most impacted by Coronavirus.

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 Wednesday, August 5th 2020. View our earnings forecast for Acushnet.

How were Acushnet's earnings last quarter?

Acushnet Holdings Corp (NYSE:GOLF) announced its quarterly earnings data on Thursday, May, 7th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.37 by $0.25. The business earned $408.70 million during the quarter, compared to analysts' expectations of $422.46 million. Acushnet had a net margin of 5.74% and a return on equity of 11.67%. The firm's revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS. View Acushnet's earnings history.

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

Acushnet declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.155 per share on Friday, June 19th. This represents a $0.62 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, June 4th. View Acushnet's dividend history.

What price target have analysts set for GOLF?

9 brokers have issued 12-month price targets for Acushnet's stock. Their forecasts range from $22.25 to $34.00. On average, they expect Acushnet's stock price to reach $27.23 in the next twelve months. This suggests that the stock has a possible downside of 21.2%. View analysts' price targets for Acushnet.

Has Acushnet been receiving favorable news coverage?

Press coverage about GOLF stock has trended extremely negative on Wednesday, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Acushnet earned a daily sentiment score of -4.6 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutAcushnet.

Are investors shorting Acushnet?

Acushnet saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,400,000 shares, an increase of 41.1% from the April 30th total of 2,410,000 shares. Based on an average trading volume of 507,600 shares, the days-to-cover ratio is presently 6.7 days. Currently, 10.1% of the company's stock are short sold. View Acushnet's Current Options Chain.

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 Verizon Communications (VZ), AbbVie (ABBV), Alibaba Group (BABA), Walt Disney (DIS), Procter & Gamble (PG), Adobe (ADBE), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Target (TGT) and Johnson & Johnson (JNJ).

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 a price of $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.

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 institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (6.36%), Principal Financial Group Inc. (3.81%), Van Berkom & Associates Inc. (3.80%), JPMorgan Chase & Co. (3.54%), BlackRock Inc. (3.34%) and Janus Henderson Group PLC (1.16%). 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 Janus Henderson Group PLC, Principal Financial Group Inc., Morgan Stanley, Morgan Stanley, Wellington Management Group LLP, First Trust Advisors LP, Natixis Advisors L.P., and BlackRock Inc.. View insider buying and selling activity for Acushnet.

Which major investors are buying Acushnet stock?

GOLF stock was purchased by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., Grantham Mayo Van Otterloo & Co. LLC, JPMorgan Chase & Co., Mackay Shields LLC, AQR Capital Management LLC, Geode Capital Management LLC, State Street Corp, and First Quadrant L P CA. 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 $34.57.

How big of a company is Acushnet?

Acushnet has a market capitalization of $2.57 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 6/3/2020 by MarketBeat.com Staff

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