David Eugene Maher Sells 24,521 Shares of Acushnet (NYSE:GOLF) Stock

Acushnet (NYSE:GOLF) CEO David Eugene Maher sold 24,521 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $79.77, for a total transaction of $1,956,040.17. Following the sale, the chief executive officer owned 879,031 shares in the company, valued at $70,120,302.87. The trade was a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $2,137,070.87.

Acushnet Price Performance

NYSE:GOLF opened at $78.59 on Wednesday. The business’s 50-day simple moving average is $78.43 and its two-hundred day simple moving average is $76.05. Acushnet has a 52 week low of $55.31 and a 52 week high of $84.40. The stock has a market cap of $4.61 billion, a PE ratio of 21.47 and a beta of 0.90. The company has a quick ratio of 1.30, a current ratio of 2.42 and a debt-to-equity ratio of 1.03.

Acushnet (NYSE:GOLF) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $657.66 million during the quarter, compared to the consensus estimate of $632.76 million. Acushnet had a return on equity of 27.50% and a net margin of 8.80%.The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.89 EPS. Acushnet has set its FY 2025 guidance at EPS. As a group, analysts forecast that Acushnet will post 3.06 EPS for the current fiscal year.

Acushnet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, December 5th. This represents a $0.94 annualized dividend and a dividend yield of 1.2%. Acushnet’s dividend payout ratio (DPR) is presently 25.68%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GOLF shares. KeyCorp upped their target price on shares of Acushnet from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. 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 note on Tuesday, November 4th. Zacks Research lowered Acushnet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Roth Capital reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Acushnet in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Acushnet in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $76.50.

Institutional Trading of Acushnet

A number of large investors have recently made changes to their positions in GOLF. Fisher Asset Management LLC raised 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 valued at $55,269,000 after purchasing an additional 495,794 shares during the period. Norges Bank bought a new position in shares of Acushnet during the 2nd quarter valued at approximately $20,963,000. Vanguard Group Inc. raised its holdings in Acushnet by 9.6% during the 1st quarter. Vanguard Group Inc. now owns 3,090,666 shares of the company’s stock valued at $212,205,000 after buying an additional 269,742 shares during the period. Tributary Capital Management LLC raised its holdings in Acushnet by 92.6% during the 3rd quarter. Tributary Capital Management LLC now owns 457,490 shares of the company’s stock valued at $35,908,000 after buying an additional 219,895 shares during the period. Finally, Nuveen LLC bought a new stake in Acushnet in the first quarter worth $9,376,000. 53.12% of the stock is currently owned by institutional investors.

Acushnet Company Profile

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.