Vanguard Group Inc. Has $234.48 Million Holdings in Acushnet $GOLF

Vanguard Group Inc. cut its position in shares of Acushnet (NYSE:GOLFFree Report) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,937,552 shares of the company’s stock after selling 18,233 shares during the period. Vanguard Group Inc. owned about 0.05% of Acushnet worth $234,475,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GOLF. Fisher Asset Management LLC lifted its position in Acushnet by 238.0% in the third quarter. Fisher Asset Management LLC now owns 704,151 shares of the company’s stock worth $55,269,000 after purchasing an additional 495,794 shares during the period. M&T Bank Corp increased its holdings in Acushnet by 668.1% in the 4th quarter. M&T Bank Corp now owns 159,874 shares of the company’s stock valued at $12,761,000 after buying an additional 139,060 shares during the period. Bank of America Corp DE increased its holdings in Acushnet by 31.8% in the 2nd quarter. Bank of America Corp DE now owns 457,460 shares of the company’s stock valued at $33,312,000 after buying an additional 110,245 shares during the period. Two Sigma Investments LP raised its stake in shares of Acushnet by 69.4% in the 3rd quarter. Two Sigma Investments LP now owns 199,707 shares of the company’s stock valued at $15,675,000 after buying an additional 81,789 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Acushnet by 51.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 223,282 shares of the company’s stock valued at $16,259,000 after buying an additional 75,663 shares in the last quarter. 53.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GOLF shares. Zacks Research lowered shares of Acushnet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Roth Mkm set a $87.00 price target on shares of Acushnet in a research report on Thursday. Morgan Stanley raised their price target on shares of Acushnet from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Truist Financial lifted their price objective on Acushnet from $74.00 to $95.00 and gave the company a “hold” rating in a report on Monday, February 9th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Acushnet in a research note on Thursday, February 26th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $93.83.

Get Our Latest Research Report on GOLF

Insiders Place Their Bets

In other news, Director Gregory A. Hewett sold 4,206 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $100.00, for a total transaction of $420,600.00. Following the completion of the sale, the director owned 37,017 shares of the company’s stock, valued at approximately $3,701,700. This trade represents a 10.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 53.30% of the company’s stock.

Key Stories Impacting Acushnet

Here are the key news stories impacting Acushnet this week:

Acushnet Stock Up 2.4%

Shares of NYSE GOLF opened at $91.64 on Friday. Acushnet has a 52-week low of $67.14 and a 52-week high of $104.81. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.97 and a current ratio of 2.87. The business has a fifty day moving average of $95.69 and a two-hundred day moving average of $90.09. The stock has a market cap of $5.37 billion, a PE ratio of 32.27 and a beta of 0.88.

Acushnet (NYSE:GOLFGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.02). The firm had revenue of $752.98 million during the quarter, compared to the consensus estimate of $722.48 million. Acushnet had a return on equity of 22.95% and a net margin of 6.54%.The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.62 EPS. As a group, equities research analysts expect that Acushnet will post 3.8 earnings per share for the current fiscal year.

Acushnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th. Acushnet’s dividend payout ratio is currently 35.92%.

Acushnet Profile

(Free Report)

Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company’s portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.

At the core of Acushnet’s product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.

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Institutional Ownership by Quarter for Acushnet (NYSE:GOLF)

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