Fisher Asset Management LLC Has $52.77 Million Stock Holdings in Acushnet $GOLF

Fisher Asset Management LLC lessened its holdings in Acushnet (NYSE:GOLF) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 661,099 shares of the company’s stock after selling 43,052 shares during the period. Fisher Asset Management LLC’s holdings in Acushnet were worth $52,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hantz Financial Services Inc. boosted its position in shares of Acushnet by 320.5% in the fourth quarter. Hantz Financial Services Inc. now owns 656 shares of the company’s stock worth $52,000 after buying an additional 500 shares during the period. Coldstream Capital Management Inc. acquired a new stake in shares of Acushnet in the fourth quarter worth $234,000. ProShare Advisors LLC boosted its position in shares of Acushnet by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 5,368 shares of the company’s stock worth $428,000 after buying an additional 166 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Acushnet by 3.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,213 shares of the company’s stock worth $336,000 after buying an additional 133 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Acushnet by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,300 shares of the company’s stock worth $503,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 53.12% of the company’s stock.

Insider Buying and Selling at Acushnet

In other Acushnet news, Director Gregory A. Hewett sold 4,206 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $100.00, for a total value of $420,600.00. Following the completion of the sale, the director owned 37,017 shares of the company’s stock, valued at $3,701,700. The trade was a 10.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 53.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on GOLF shares. Roth Mkm set a $87.00 target price on Acushnet in a research report on Thursday, May 7th. Zacks Research cut Acushnet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. UBS Group set a $100.00 price objective on Acushnet in a research report on Thursday, February 26th. Truist Financial lifted their price objective on Acushnet from $95.00 to $97.00 and gave the company a “hold” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings raised Acushnet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Acushnet currently has an average rating of “Hold” and a consensus target price of $94.17.

Acushnet Price Performance

GOLF opened at $90.01 on Wednesday. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 31.69 and a beta of 0.88. Acushnet has a 1 year low of $67.14 and a 1 year high of $104.81. The company has a current ratio of 2.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.36. The stock has a fifty day moving average price of $93.05 and a 200 day moving average price of $90.86.

Acushnet (NYSE:GOLF) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.02). Acushnet had a net margin of 6.54% and a return on equity of 22.95%. The firm had revenue of $752.98 million for the quarter, compared to analyst estimates of $722.48 million. During the same period in the previous year, the business posted $1.62 EPS. Acushnet’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts forecast that Acushnet will post 3.82 EPS for the current fiscal year.

Acushnet Announces Dividend

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

Acushnet Profile

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.