Mayfair Advisory Group LLC Makes New $205,000 Investment in Acushnet $GOLF

Mayfair Advisory Group LLC purchased a new stake in Acushnet (NYSE:GOLF) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,738 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors have also modified their holdings of the company. Allianz Asset Management GmbH bought a new position in Acushnet in the first quarter worth about $564,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Acushnet in the 1st quarter worth approximately $223,000. Avantax Advisory Services Inc. acquired a new position in Acushnet during the 1st quarter valued at approximately $207,000. Cetera Investment Advisers boosted its position in Acushnet by 10.4% during the 1st quarter. Cetera Investment Advisers now owns 3,965 shares of the company’s stock valued at $272,000 after purchasing an additional 374 shares during the period. Finally, LPL Financial LLC grew its stake in Acushnet by 25.8% during the 1st quarter. LPL Financial LLC now owns 31,960 shares of the company’s stock worth $2,194,000 after buying an additional 6,549 shares during the last quarter. Institutional investors own 53.12% of the company’s stock.

Insider Activity

In related news, insider Steven Francis Pelisek sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $84.66, for a total value of $1,693,200.00. Following the completion of the sale, the insider owned 76,006 shares in the company, valued at approximately $6,434,667.96. This represents a 20.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Eugene Maher sold 26,939 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $79.33, for a total transaction of $2,137,070.87. Following the completion of the transaction, the chief executive officer directly owned 852,092 shares of the company’s stock, valued at $67,596,458.36. This represents a 3.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 71,460 shares of company stock worth $5,786,311. Corporate insiders own 53.60% of the company’s stock.

Acushnet Price Performance

Shares of Acushnet stock opened at $84.70 on Thursday. Acushnet has a 52 week low of $55.31 and a 52 week high of $85.95. The company has a current ratio of 2.42, a quick ratio of 1.30 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $79.22 and its two-hundred day moving average price is $76.58. The stock has a market cap of $4.97 billion, a PE ratio of 23.14 and a beta of 0.90.

Acushnet (NYSE:GOLF) last released its earnings results on Wednesday, November 5th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $657.66 million during the quarter, compared to the consensus estimate of $632.76 million. Acushnet had a return on equity of 27.50% and a net margin of 8.80%.The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. Acushnet has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Acushnet will post 3.06 EPS for the current fiscal year.

Acushnet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.94 dividend on an annualized basis and a yield of 1.1%. Acushnet’s dividend payout ratio (DPR) is currently 25.68%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GOLF shares. KeyCorp raised their target price on Acushnet from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acushnet in a research note on Wednesday, October 8th. Zacks Research cut Acushnet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Truist Financial raised their price target on Acushnet from $65.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Acushnet in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $76.50.

Acushnet Company Profile

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.