68,570 Shares in Acushnet $GOLF Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new stake in Acushnet (NYSE:GOLF) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 68,570 shares of the company’s stock, valued at approximately $5,382,000.

Several other institutional investors also recently modified their holdings of GOLF. Allworth Financial LP grew its holdings in shares of Acushnet by 57.3% in the 3rd quarter. Allworth Financial LP now owns 505 shares of the company’s stock worth $40,000 after acquiring an additional 184 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Acushnet during the 3rd quarter worth about $231,000. Hancock Whitney Corp purchased a new stake in Acushnet during the third quarter valued at about $258,000. Armistice Capital LLC purchased a new stake in Acushnet during the third quarter valued at about $412,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Acushnet by 4.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 33,561 shares of the company’s stock worth $2,595,000 after purchasing an additional 1,560 shares during the period. Institutional investors own 53.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group set a $100.00 price target on Acushnet in a research report on Thursday, February 26th. Jefferies Financial Group reissued a “hold” rating on shares of Acushnet in a research report on Thursday, February 26th. Truist Financial boosted their price objective on shares of Acushnet from $74.00 to $95.00 and gave the company a “hold” rating in a research report on Monday, February 9th. Weiss Ratings downgraded shares of Acushnet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. raised shares of Acushnet from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $74.00 to $96.00 in a research note on Friday, January 23rd. Nine analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Acushnet presently has an average rating of “Hold” and a consensus target price of $89.57.

Acushnet Trading Up 0.9%

NYSE:GOLF opened at $93.29 on Wednesday. The company has a market capitalization of $5.46 billion, a P/E ratio of 30.09 and a beta of 0.88. The stock’s 50 day moving average price is $96.82 and its 200 day moving average price is $86.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.97 and a current ratio of 2.38. Acushnet has a 52 week low of $55.31 and a 52 week high of $104.81.

Acushnet (NYSE:GOLF) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.31). The business had revenue of $477.22 million for the quarter, compared to analyst estimates of $453.59 million. Acushnet had a return on equity of 25.49% and a net margin of 7.37%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS. On average, research analysts forecast that Acushnet will post 3.06 EPS for the current fiscal year.

Acushnet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.1%. This is a boost from Acushnet’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, March 6th. Acushnet’s dividend payout ratio is 32.90%.

Insider Activity at Acushnet

In other news, Director Gregory A. Hewett sold 4,206 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $100.00, for a total value of $420,600.00. Following the completion of the sale, the director directly owned 37,017 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 53.60% of the stock is currently owned by corporate insiders.

Acushnet Company 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.