Acushnet (GOLF) Stock Price, News & Analysis

Company Overview

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. It offers golf balls under the Titleist brand; golf clubs, such as drivers, fairways, hybrids, and irons under the Titleist brand; wedges under the Vokey Design brand; and putters under the Scotty Cameron brand. The company also provides golf bags, headwear, golf gloves, travel products, and other golf accessories. In addition, it offers golf shoes, gloves, golf outerwear, and men's and women's golf apparel under the FootJoy brand; and ski, golf, and lifestyle apparel under the KJUS brand name. It sells its products through on-course golf shops and golf specialty retailers, as well as through representatives, other retailers, and online. The company was formerly known as Alexandria Holdings Corp. and changed its name to Acushnet Holdings Corp. in March 2016. Acushnet Holdings Corp. was founded in 1910 and is headquartered in Fairhaven, Massachusetts.

Key Stats

• Today's Range: $68.01 to $69.41
• 50-Day Range: $60.16 to $72.51
• 52-Week Range: $55.74 to $76.38
• Volume: 262,088 shs
• Average Volume: 312,710 shs
• Market Capitalization: $4.20 billion
• P/E Ratio: 23.50
• Dividend Yield: 1.24%
• Price Target: $71.40
• Consensus Rating: Hold

Acushnet Stock Analysis - MarketRank™

Acushnet scored higher than 71% of companies evaluated by MarketBeat, and ranked 122nd out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Acushnet has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Acushnet has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 13.40%

Earnings Growth

Earnings for Acushnet are expected to grow by 13.40% in the coming year, from $3.06 to $3.47 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Acushnet is 23.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Acushnet is 23.50, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.99.

Price to Book Value per Share Ratio

Acushnet has a P/B Ratio of 5.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

16.74% of the float of Acushnet has been sold short.

Short Interest Ratio / Days to Cover

Acushnet has a short interest ratio ("days to cover") of 15.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Acushnet has recently decreased by 7.83%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Acushnet pays a meaningful dividend of 1.24%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Acushnet does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Acushnet is 29.25%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Acushnet will have a dividend payout ratio of 24.78% next year. This indicates that Acushnet will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -6.00

Percentage of Shares Shorted

16.74% of the float of Acushnet has been sold short.

Short Interest Ratio / Days to Cover

Acushnet has a short interest ratio ("days to cover") of 15.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Acushnet has recently decreased by 7.83%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.40

News Sentiment

Acushnet has a news sentiment score of 1.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Acushnet this week, compared to 5 articles on an average week.

Search Interest

4 people have searched for GOLF on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Acushnet to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Acushnet insiders have not sold or bought any company stock.

Percentage Held by Insiders

54.60% of the stock of Acushnet is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

53.12% of the stock of Acushnet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GOLF Stock Analysis - Frequently Asked Questions

How have GOLF shares performed this year?

Acushnet's stock was trading at $63.17 at the beginning of the year. Since then, GOLF stock has increased by 9.4% and is now trading at $69.10.
View the best growth stocks for 2024 here.

How were Acushnet's earnings last quarter?

Acushnet Holdings Corp. (NYSE:GOLF) announced its quarterly earnings data on Thursday, November, 7th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.10. Acushnet's revenue was up 4.6% compared to the same quarter last year.

When did Acushnet IPO?

Acushnet (GOLF) raised $434 million in an 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 served 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.

Who are Acushnet's major shareholders?

Top institutional shareholders of Acushnet include Wellington Management Group LLP (2.73%), Victory Capital Management Inc. (1.74%), Principal Financial Group Inc. (1.61%) and State Street Corp (1.14%). Insiders that own company stock include Holdings Corp Fila, Mary Louise Bohn, John Francis Duke Jr, John Francis Duke Jr, Sean S Sullivan, Christopher Aaron Lindner, Steven Francis Pelisek, Thomas Pacheco and Brendan J Reidy.
View institutional ownership trends.

How do I buy shares of Acushnet?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Acushnet own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Acushnet investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Exxon Mobil (XOM).

Company Calendar

• Ex-Dividend for 9/20 Dividend: 9/06/2024
• Dividend Payable: 9/20/2024
• Last Earnings: 11/07/2024
• Today: 11/20/2024
• Ex-Dividend for 12/20 Dividend: 12/06/2024
• Dividend Payable: 12/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Sporting & athletic goods, not elsewhere classified
• Sub-Industry: N/A
• Current Symbol: NYSE:GOLF
• CUSIP: N/A
• CIK: 1672013
• Web: www.acushnetholdingscorp.com
• Phone: (800) 225-8500
• Fax: N/A
• Employees: 7,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $71.40
• High Stock Price Target: $76.00
• Low Stock Price Target: $63.00
• Potential Upside/Downside: +3.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.94
• Trailing P/E Ratio: 23.50
• Forward P/E Ratio: 22.58
• P/E Growth: N/A
• Net Income: $198.43 million
• Net Margins: 7.78%
• Pretax Margin: 9.55%
• Return on Equity: 21.45%
• Return on Assets: 8.52%

Debt

• Debt-to-Equity Ratio: 0.79
• Current Ratio: 2.10
• Quick Ratio: 1.14

Sales & Book Value

• Annual Sales: $2.38 billion
• Price / Sales: 1.76
• Cash Flow: $3.82 per share
• Price / Cash Flow: 18.07
• Book Value: $13.81 per share
• Price / Book: 5.00

Miscellaneous

• Outstanding Shares: 60,800,000
• Free Float: 27,605,000
• Market Cap: $4.20 billion
• Optionable: Optionable
• Beta: 0.85