Key Points
- CEO insider sales: David Eugene Maher sold 24,521 shares on Nov. 13 and 26,939 shares on Nov. 14 — a total of 51,460 shares valued at about $4.09M — reducing his holding to 879,031 shares (a 2.71% decrease).
- Acushnet missed quarterly EPS ($0.81 vs. $0.85 consensus) but topped revenue estimates ($657.66M); the stock is trading down ~1.2%, the market cap is about $4.61B, and analysts’ consensus rating is Hold with an average target of $76.50.
- The company declared a quarterly dividend of $0.235 (annualized $0.94), implying roughly a 1.2% yield and a payout ratio near 25.7%.
Acushnet (NYSE:GOLF - Get Free Report) CEO David Eugene Maher sold 24,521 shares of the business's stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $79.77, for a total value of $1,956,040.17. Following the transaction, the chief executive officer owned 879,031 shares of the company's stock, valued at $70,120,302.87. The trade was a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
David Eugene Maher also recently made the following trade(s):
- On Friday, November 14th, David Eugene Maher sold 26,939 shares of Acushnet stock. The stock was sold at an average price of $79.33, for a total value of $2,137,070.87.
Acushnet Trading Down 1.2%
NYSE GOLF opened at $78.50 on Tuesday. Acushnet has a one year low of $55.31 and a one year high of $84.40. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.42 and a quick ratio of 1.30. The firm has a market cap of $4.61 billion, a P/E ratio of 21.45 and a beta of 0.90. The stock's 50-day moving average is $78.37 and its 200-day moving average is $75.96.
Acushnet (NYSE:GOLF - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). The company had revenue of $657.66 million during the quarter, compared to the consensus estimate of $632.76 million. Acushnet had a net margin of 8.80% and a return on equity of 27.50%. The company's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. Acushnet has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Acushnet will post 3.06 earnings per share for the current fiscal year.
Acushnet Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.94 dividend on an annualized basis and a yield of 1.2%. Acushnet's dividend payout ratio (DPR) is 25.68%.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Truist Financial boosted their price target on shares of Acushnet from $65.00 to $74.00 and gave the stock a "hold" rating in a research report on Tuesday, November 4th. Roth Capital reaffirmed a "neutral" rating and issued a $80.00 target price on shares of Acushnet in a research report on Thursday, November 6th. Zacks Research lowered Acushnet from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Weiss Ratings restated a "buy (b)" rating on shares of Acushnet in a research note on Wednesday, October 8th. Finally, KeyCorp boosted their target price on shares of Acushnet from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $76.50.
View Our Latest Stock Analysis on Acushnet
Hedge Funds Weigh In On Acushnet
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Acushnet by 9.6% in the first quarter. Vanguard Group Inc. now owns 3,090,666 shares of the company's stock valued at $212,205,000 after purchasing an additional 269,742 shares during the period. Dimensional Fund Advisors LP grew its stake in Acushnet by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,549,266 shares of the company's stock valued at $106,366,000 after buying an additional 42,533 shares during the last quarter. Wellington Management Group LLP grew its stake in Acushnet by 6.7% in the 1st quarter. Wellington Management Group LLP now owns 1,310,965 shares of the company's stock valued at $90,011,000 after buying an additional 82,247 shares during the last quarter. Raymond James Financial Inc. raised its holdings in 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 acquiring an additional 4,243 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Acushnet by 238.0% during the third quarter. Fisher Asset Management LLC now owns 704,151 shares of the company's stock worth $55,269,000 after acquiring an additional 495,794 shares during the last quarter. 53.12% of the stock is owned by institutional investors.
Acushnet Company Profile
(
Get Free Report)
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.
Further Reading
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