Acushnet Holdings Corp. (NYSE: GOLF) is -15.98% lower on its value in year-to-date trading and has touched a low of $37.46 and a high of $56.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GOLF stock was last observed hovering at around $44.56 in the last trading session, with the day’s gains setting it 0.04% off its average median price target of $48.00 for the next 12 months. It is also 26.89% off the consensus price target high of $61.00 offered by 8 analysts, but current levels are 0.89% higher than the price target low of $45.00 for the same period.
Currently trading at $44.60, the stock is -2.08% and -1.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 0.09% at the moment leaves the stock 0.34% off its SMA200. GOLF registered -20.29% loss for a year compared to 6-month gain of 14.83%.
The stock witnessed a -2.15% loss in the last 1 month and extending the period to 3 months gives it a -12.87%, and is -5.81% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.24% over the week and 3.48% over the month.
Acushnet Holdings Corp. (GOLF) has around 6500 employees, a market worth around $3.25B and $2.24B in sales. Current P/E ratio is 18.88 and Fwd P/E is 16.84. Profit margin for the company is 7.70%. Distance from 52-week low is 19.06% and -21.53% from its 52-week high. The company has generated returns on investments over the last 12 months (14.40%).
Acushnet Holdings Corp. (GOLF) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Acushnet Holdings Corp. (GOLF) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.70, where 7 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Acushnet Holdings Corp. is expected to release its quarterly report on 02/28/2023.The EPS is expected to grow by 85.80% this year
Acushnet Holdings Corp. (GOLF) Top Institutional Holders
The shares outstanding are 71.71M, and float is at 31.92M with Short Float at 14.85%.
Acushnet Holdings Corp. (GOLF) Insider Activity
A total of 29 insider transactions have happened at Acushnet Holdings Corp. (GOLF) in the last six months, with sales accounting for 0 and purchases happening 29 times. The most recent transaction is an insider sale by Pelisek Steven Francis, the company’s President-Titleist Golf Clubs. SEC filings show that Pelisek Steven Francis sold 17,209 shares of the company’s common stock on Nov 10 at a price of $44.92 per share for a total of $0.77 million. Following the sale, the insider now owns 83210.0 shares.
Acushnet Holdings Corp. disclosed in a document filed with the SEC on Nov 09 that Pelisek Steven Francis (President-Titleist Golf Clubs) sold a total of 31,989 shares of the company’s common stock. The trade occurred on Nov 09 and was made at $43.71 per share for $1.4 million. Following the transaction, the insider now directly holds 0.1 million shares of the GOLF stock.
Still, SEC filings show that on Nov 08, Pelisek Steven Francis (President-Titleist Golf Clubs) disposed off 700 shares at an average price of $44.00 for $30800.0. The insider now directly holds 132,408 shares of Acushnet Holdings Corp. (GOLF).