Acushnet Holdings Corp. (NYSE:GOLF) Stock Holdings Increased by Barclays PLC

Barclays PLC lifted its position in Acushnet Holdings Corp. (NYSE:GOLF) by 361.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,563 shares of the company’s stock after acquiring an additional 38,041 shares during the quarter. Barclays PLC owned 0.08% of Acushnet worth $3,096,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Brown Lisle Cummings Inc. acquired a new position in Acushnet in the third quarter worth $40,000. Prospera Private Wealth LLC acquired a new position in Acushnet in the third quarter valued at approximately $41,000. nVerses Capital LLC bought a new position in shares of Acushnet during the third quarter valued at approximately $57,000. Quarry LP raised its position in shares of Acushnet by 745.6% during the 3rd quarter. Quarry LP now owns 1,057 shares of the company’s stock worth $67,000 after purchasing an additional 932 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Acushnet by 1,719.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,219 shares of the company’s stock worth $78,000 after purchasing an additional 1,152 shares during the last quarter. 53.12% of the stock is currently owned by institutional investors.

Insider Activity at Acushnet

In related news, insider Christopher Aaron Lindner sold 5,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $73.91, for a total value of $369,550.00. Following the transaction, the insider now owns 88,710 shares in the company, valued at approximately $6,556,556.10. This represents a 5.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 54.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GOLF shares. Truist Financial increased their target price on Acushnet from $65.00 to $68.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Jefferies Financial Group downgraded shares of Acushnet from a “buy” rating to a “hold” rating and cut their price objective for the company from $86.00 to $75.00 in a research report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Acushnet has an average rating of “Hold” and a consensus price target of $71.40.

Acushnet Trading Up 0.8 %

NYSE:GOLF opened at $70.45 on Tuesday. The stock’s 50-day moving average is $68.70 and its two-hundred day moving average is $66.57. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.10 and a quick ratio of 1.14. The stock has a market cap of $4.28 billion, a PE ratio of 23.96 and a beta of 0.88. Acushnet Holdings Corp. has a fifty-two week low of $58.54 and a fifty-two week high of $76.59.

Acushnet (NYSE:GOLF) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. The firm had revenue of $620.50 million for the quarter, compared to the consensus estimate of $620.40 million. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that Acushnet Holdings Corp. will post 3.06 earnings per share for the current fiscal year.

Acushnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.86 annualized dividend and a dividend yield of 1.22%. Acushnet’s dividend payout ratio is 29.25%.

Acushnet Company Profile

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.