1 day Ago By ABMN Staff
Acushnet ( NYSE:GOLF – Get Free Report ) was downgraded by equities researchers at Jefferies Financial Group from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Marketbeat reports. They presently have a $75.00 target price on the stock, down from their previous target price of $86.
00. Jefferies Financial Group’s price objective indicates a potential upside of 18.45% from the company’s previous close.
Several other research analysts also recently weighed in on GOLF. Truist Financial upped their target price on shares of Acushnet from $63.00 to $65.
00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on Acushnet from $62.
00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Finally, Compass Point decreased their price target on shares of Acushnet from $78.
00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock.
According to MarketBeat.com, Acushnet has an average rating of “Hold” and a consensus target price of $67.43.
Read Our Latest Report on GOLF Acushnet Price Performance Acushnet ( NYSE:GOLF – Get Free Report ) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.
20 by ($0.09). Acushnet had a net margin of 7.
91% and a return on equity of 21.17%. The firm had revenue of $683.
90 million for the quarter, compared to the consensus estimate of $709.83 million. During the same period in the previous year, the company earned $1.
09 earnings per share. Acushnet’s quarterly revenue was down .8% compared to the same quarter last year.
Sell-side analysts predict that Acushnet will post 3.02 earnings per share for the current fiscal year. Insiders Place Their Bets In other Acushnet news, Director Holdings Corp.
Fila sold 587,520 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $63.83, for a total transaction of $37,501,401.
60. Following the transaction, the director now directly owns 32,522,966 shares in the company, valued at approximately $2,075,940,919.78.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Company insiders own 54.60% of the company’s stock.
Hedge Funds Weigh In On Acushnet Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in shares of Acushnet in the second quarter worth $1,667,000. Point72 Asset Management L.
P. grew its position in shares of Acushnet by 2,217.7% in the second quarter.
Point72 Asset Management L.P. now owns 74,166 shares of the company’s stock valued at $4,708,000 after purchasing an additional 70,966 shares during the period.
Creative Planning increased its position in shares of Acushnet by 5.1% during the second quarter. Creative Planning now owns 7,194 shares of the company’s stock worth $457,000 after purchasing an additional 349 shares in the last quarter.
Algert Global LLC acquired a new stake in Acushnet during the 2nd quarter worth $203,000. Finally, SkyView Investment Advisors LLC grew its position in shares of Acushnet by 0.9% in the second quarter.
SkyView Investment Advisors LLC now owns 20,396 shares of the company’s stock valued at $1,295,000 after purchasing an additional 187 shares in the last quarter. 53.12% of the stock is owned by institutional investors and hedge funds.
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.
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