Acushnet Holdings Corp. (NYSE:GOLF) Shares Acquired by Barclays PLC

Barclays PLC raised its holdings in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 361.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,563 shares of the company's stock after acquiring an additional 38,041 shares during the period. Barclays PLC owned approximately 0.08% of Acushnet worth $3,096,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GOLF. Bank of New York Mellon Corp raised its stake in shares of Acushnet by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,447 shares of the company's stock valued at $15,264,000 after buying an additional 4,644 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of Acushnet by 7.7% in the second quarter. Azzad Asset Management Inc. ADV now owns 10,017 shares of the company's stock valued at $636,000 after buying an additional 712 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Acushnet by 7,290.7% in the second quarter. Farther Finance Advisors LLC now owns 5,543 shares of the company's stock valued at $340,000 after buying an additional 5,468 shares in the last quarter. Crestwood Advisors Group LLC acquired a new position in shares of Acushnet during the 2nd quarter worth approximately $200,000. Finally, Cannon Global Investment Management LLC acquired a new stake in Acushnet in the 2nd quarter valued at $368,000. 53.12% of the stock is owned by hedge funds and other institutional investors.

Acushnet Stock Up 0.4 %

NYSE GOLF traded up $0.29 on Tuesday, hitting $70.74. 114,799 shares of the stock were exchanged, compared to its average volume of 308,631. Acushnet Holdings Corp. has a fifty-two week low of $58.54 and a fifty-two week high of $76.59. The company has a 50-day moving average price of $68.70 and a 200-day moving average price of $66.57. The company has a market cap of $4.30 billion, a PE ratio of 24.06 and a beta of 0.88. The company has a quick ratio of 1.14, a current ratio of 2.10 and a debt-to-equity ratio of 0.79.

Acushnet (NYSE:GOLF - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.89 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $620.40 million. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company's revenue was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that Acushnet Holdings Corp. will post 3.06 EPS for the current fiscal year.

Acushnet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, December 6th. Acushnet's dividend payout ratio (DPR) is presently 29.25%.

Analyst Ratings Changes

GOLF has been the subject of a number of research reports. Truist Financial boosted their target price on shares of Acushnet from $65.00 to $68.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Jefferies Financial Group lowered shares of Acushnet from a "buy" rating to a "hold" rating and dropped their price objective for the company from $86.00 to $75.00 in a report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $71.40.

Insider Buying and Selling

In related news, insider Christopher Aaron Lindner sold 5,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $73.91, for a total value of $369,550.00. Following the transaction, the insider now directly owns 88,710 shares of the company's stock, valued at $6,556,556.10. This trade represents a 5.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 54.60% of the stock is owned by company insiders.

About Acushnet

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.