Acushnet Holdings Corp. (NYSE:GOLF – Get Free Report) Director Holdings Corp. Fila sold 1,824,994 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $54.80, for a total value of $100,009,671.20. Following the completion of the transaction, the director now directly owns 33,110,486 shares in the company, valued at $1,814,454,632.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Acushnet Stock Performance
NYSE GOLF opened at $55.61 on Tuesday. The company has a 50-day simple moving average of $54.22 and a two-hundred day simple moving average of $53.04. Acushnet Holdings Corp. has a 12-month low of $42.06 and a 12-month high of $61.98. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 17.54 and a beta of 0.86. The company has a quick ratio of 1.29, a current ratio of 2.53 and a debt-to-equity ratio of 0.61.
Acushnet Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.78 annualized dividend and a yield of 1.40%. Acushnet’s payout ratio is 24.61%.
Institutional Trading of Acushnet
Analyst Upgrades and Downgrades
GOLF has been the subject of several analyst reports. KeyCorp raised their target price on Acushnet from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Morgan Stanley raised their target price on Acushnet from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday. Compass Point raised Acushnet from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, October 30th. Truist Financial upped their price objective on shares of Acushnet from $50.00 to $55.00 and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Roth Mkm reduced their target price on shares of Acushnet from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.88.
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.
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