First National Bank of Omaha Purchases Shares of 7,087 Acushnet $GOLF

First National Bank of Omaha acquired a new position in shares of Acushnet (NYSE:GOLF) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,087 shares of the company’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its stake in shares of Acushnet by 0.4% in the 2nd quarter. Raymond James Financial Inc. now owns 952,453 shares of the company’s stock valued at $69,358,000 after purchasing an additional 4,243 shares during the period. Geode Capital Management LLC lifted its position in Acushnet by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 662,194 shares of the company’s stock worth $48,227,000 after buying an additional 5,009 shares in the last quarter. Tributary Capital Management LLC boosted its stake in shares of Acushnet by 92.6% during the 3rd quarter. Tributary Capital Management LLC now owns 457,490 shares of the company’s stock worth $35,908,000 after buying an additional 219,895 shares during the last quarter. Bank of America Corp DE increased its position in shares of Acushnet by 31.8% in the second quarter. Bank of America Corp DE now owns 457,460 shares of the company’s stock valued at $33,312,000 after acquiring an additional 110,245 shares during the last quarter. Finally, Norges Bank bought a new stake in Acushnet during the second quarter worth about $20,963,000. 53.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Steven Francis Pelisek sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $84.66, for a total transaction of $1,693,200.00. Following the completion of the transaction, the insider owned 76,006 shares in the company, valued at $6,434,667.96. This represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 53.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Truist Financial boosted their price objective on Acushnet from $74.00 to $95.00 and gave the stock a “hold” rating in a report on Monday, February 9th. Zacks Research cut shares of Acushnet from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley lifted their price target on Acushnet from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Roth Mkm reissued a “neutral” rating and set a $80.00 target price on shares of Acushnet in a research report on Thursday, November 6th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Acushnet in a research report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Acushnet currently has a consensus rating of “Hold” and an average target price of $87.83.

Acushnet Stock Performance

NYSE GOLF opened at $99.98 on Friday. Acushnet has a fifty-two week low of $55.31 and a fifty-two week high of $104.81. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.30 and a current ratio of 2.42. The firm has a market capitalization of $5.86 billion, a P/E ratio of 27.32 and a beta of 0.89. The stock has a 50-day simple moving average of $90.96 and a two-hundred day simple moving average of $83.16.

Acushnet Company Profile

Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company’s portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.

At the core of Acushnet’s product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.