Acushnet (GOLF) Stock Price, News & Analysis

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Acushnet in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GOLF shares.
View GOLF analyst ratings or view top-rated stocks.

7 equities research analysts have issued 12 month target prices for Acushnet's shares. Their GOLF share price targets range from $58.00 to $84.00. On average, they predict the company's share price to reach $66.71 in the next twelve months. This suggests a possible upside of 8.5% 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 $63.17 at the beginning of 2024. Since then, GOLF shares have decreased by 2.6% and is now trading at $61.50.
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Acushnet saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 4,610,000 shares, a drop of 15.6% from the March 15th total of 5,460,000 shares. Based on an average daily trading volume, of 349,400 shares, the short-interest ratio is presently 13.2 days. Currently, 15.6% of the shares of the company are sold short.
View Acushnet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our GOLF earnings forecast.

Acushnet Holdings Corp. (NYSE:GOLF) issued its quarterly earnings results on Thursday, February, 29th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by $0.03. The company earned $413 million during the quarter, compared to analyst estimates of $429.16 million. Acushnet had a trailing twelve-month return on equity of 20.09% and a net margin of 8.33%. Acushnet's revenue was down 7.7% compared to the same quarter last year.

Acushnet announced a quarterly dividend on Thursday, February 29th. Investors of record on Friday, March 8th will be paid a dividend of $0.215 per share on Friday, March 22nd. This represents a $0.86 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Thursday, March 7th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for GOLF.

Acushnet (NYSE:GOLF) pays an annual dividend of $0.86 per share and currently has a dividend yield of 1.41%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 29.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GOLF will have a dividend payout ratio of 24.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GOLF.

WisdomTree U.S. SmallCap Quality Dividend Growth Fund holds 31,611 shares of GOLF stock, representing 0.73% of its portfolio.

Acushnet updated its FY 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 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).

Acushnet (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.

Acushnet's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Curated Wealth Partners LLC (0.00%). Insiders that own company stock include Brendan J Reidy, Christopher Aaron Lindner, Holdings Corp Fila, John Francis Duke Jr, Mary Louise Bohn, Sean S Sullivan, Steven Francis Pelisek, Thomas Pacheco and Yoon Soo (Gene) Yoon.
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Shares of GOLF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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