Acushnet (NYSE:GOLF) Cut to Hold at StockNews.com

Acushnet (NYSE:GOLF – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “maintain” ranking in a research note issued to investors on Saturday.

Several other equities analysts have also just lately issued reports on the corporate. Truist Financial lifted their worth goal on Acushnet from $44.00 to $50.00 and gave the corporate a “maintain” rating in a research notice on Friday, August 5th. Tigress Financial started coverage on Acushnet in a research notice on Friday, September 16th. They issued a “neutral” score and a $50.00 price goal for the company. Five investment analysts have rated the stock with a maintain ranking and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average ranking of “Hold” and a consensus goal worth of $53.17.

Acushnet Stock Performance

Shares of Acushnet inventory opened at $43.49 on Friday. The enterprise has a 50-day shifting common of $48.92 and a 200 day transferring common of $44.37. Acushnet has a 12 month low of $37.46 and a 12 month excessive of $57.87. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 20.04 and a beta of zero.76. The company has a debt-to-equity ratio of zero.26, a present ratio of 1.95 and a quick ratio of 1.10.

Acushnet (NYSE:GOLF – Get Rating) final announced its earnings outcomes on Thursday, August 4th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. Acushnet had a return on fairness of 14.53% and a internet margin of 7.36%. The company had income of $658.60 million through the quarter, in comparability with analysts’ expectations of $581.89 million. During the same period last 12 months, the business posted $1.08 EPS. Acushnet’s revenue for the quarter was up 5.4% on a year-over-year foundation. As a bunch, sell-side analysts forecast that Acushnet will post 2.8 earnings per share for the present yr.

Institutional Inflows and Outflows

Several institutional buyers have lately added to or lowered their stakes in the firm. Steward Partners Investment Advisory LLC increased its position in Acushnet by 10.5% in the course of the first quarter. Steward Partners Investment Advisory LLC now owns 2,649 shares of the corporate’s stock worth $107,000 after buying a further 251 shares through the period. Legal & General Group Plc increased its holdings in shares of Acushnet by 0.9% in the second quarter. Legal & General Group Plc now owns 28,263 shares of the company’s stock valued at $1,178,000 after purchasing an extra 257 shares during the interval. Avantax Advisory Services Inc. increased its holdings in shares of Acushnet by 4.4% in the first quarter. Avantax Advisory Services Inc. now owns 6,458 shares of the corporate’s stock valued at $258,000 after buying a further 274 shares in the course of the interval. Teacher Retirement System of Texas increased its holdings in shares of Acushnet by 4.7% within the first quarter. Teacher Retirement System of Texas now owns 7,577 shares of the company’s stock valued at $305,000 after purchasing an additional 341 shares in the course of the period. Finally, LPL Financial LLC elevated its holdings in shares of Acushnet by 4.8% in the second quarter. LPL Financial LLC now owns 8,118 shares of the company’s inventory valued at $338,000 after purchasing an extra 371 shares in the course of the interval. Institutional investors and hedge funds own 49.33% of the corporate’s stock.

Acushnet Company Profile

(Get Rating)

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products within the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates via four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.

Featured Stories

Analyst Recommendations for Acushnet (NYSE:GOLF)

This instant news alert was generated by narrative science know-how and monetary data from MarketBeat in order to provide readers with the quickest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please ship any questions or comments about this story to [email protected]

Before you consider Acushnet, you will wish to hear this.

MarketBeat retains monitor of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their purchasers on a every day basis. MarketBeat has identified the five stocks that prime analysts are quietly whispering to their purchasers to buy now earlier than the broader market catches on… and Acushnet wasn’t on the list.

While Acushnet currently has a “Hold” score among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Why you must watch the Pebble Beach Pro-Am, even should you hate golf

If The Masters is "War and Peace," the AT&T Pebble Beach Pro-Am is "Tuesdays with Morrie." That is to say, it is the golf...

- Advertisement -

Why you must watch the Pebble Beach Pro-Am, even should you hate golf

If The Masters is "War and Peace," the AT&T Pebble Beach Pro-Am is "Tuesdays with Morrie." That is to...

McNally Or McIlory? Joanne’s Gas Attempt At Golf Will Give You A Giggle

Joanne McNally is great at taking hilarious verbal swings at individuals, simply hearken to her podcast with Vogue Williams,...

Expose your thoughts

LEAVE A REPLY

Please enter your comment!
Please enter your name here