Shares of Acushnet Holdings Corp (NYSE:GOLF) have earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $25.55.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Acushnet from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. ValuEngine upgraded shares of Acushnet from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Roth Capital upgraded shares of Acushnet from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $27.00 to $28.00 in a report on Thursday, May 9th. KeyCorp lifted their price objective on shares of Acushnet from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Compass Point cut shares of Acushnet from a “buy” rating to a “neutral” rating and set a $24.91 price objective for the company. in a report on Friday, March 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of GOLF. Dimensional Fund Advisors LP grew its holdings in Acushnet by 36.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,221,960 shares of the company’s stock worth $25,747,000 after acquiring an additional 323,961 shares in the last quarter. Norges Bank acquired a new position in Acushnet during the 4th quarter worth approximately $6,301,000. Amundi Pioneer Asset Management Inc. grew its holdings in Acushnet by 80.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 467,827 shares of the company’s stock worth $10,826,000 after acquiring an additional 208,527 shares in the last quarter. BlackRock Inc. grew its holdings in Acushnet by 7.0% during the 4th quarter. BlackRock Inc. now owns 2,435,512 shares of the company’s stock worth $51,317,000 after acquiring an additional 158,872 shares in the last quarter. Finally, Granite Investment Partners LLC grew its holdings in Acushnet by 16.6% during the 1st quarter. Granite Investment Partners LLC now owns 733,461 shares of the company’s stock worth $16,972,000 after acquiring an additional 104,199 shares in the last quarter. Institutional investors own 50.18% of the company’s stock.
Acushnet (NYSE:GOLF) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.11). The company had revenue of $433.70 million during the quarter, compared to analysts’ expectations of $445.66 million. Acushnet had a net margin of 5.74% and a return on equity of 10.10%. Acushnet’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. As a group, equities research analysts forecast that Acushnet will post 1.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.15%. The ex-dividend date was Thursday, May 30th. Acushnet’s dividend payout ratio (DPR) is presently 42.42%.
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.
Receive News & Ratings for Acushnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acushnet and related companies with MarketBeat.com's FREE daily email newsletter.