86,651 Shares in Acushnet $GOLF Acquired by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in Acushnet (NYSE:GOLF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 86,651 shares of the company’s stock, valued at approximately $10,271,000. Callan Family Office LLC owned 0.15% of Acushnet at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOLF. BlackRock Inc. acquired a new stake in shares of Acushnet during the second quarter worth $496,463,000. Capital Research Global Investors grew its stake in shares of Acushnet by 8.5% in the fourth quarter. Capital Research Global Investors now owns 1,465,000 shares of the company’s stock valued at $116,936,000 after acquiring an additional 115,000 shares in the last quarter. Morgan Stanley increased its position in Acushnet by 22.3% during the fourth quarter. Morgan Stanley now owns 1,379,236 shares of the company’s stock worth $110,091,000 after acquiring an additional 251,889 shares during the period. Raymond James Financial Inc. increased its position in Acushnet by 0.4% during the second quarter. Raymond James Financial Inc. now owns 952,453 shares of the company’s stock worth $69,358,000 after acquiring an additional 4,243 shares during the period. Finally, Bank of America Corp DE raised its stake in Acushnet by 31.8% in the 2nd quarter. Bank of America Corp DE now owns 457,460 shares of the company’s stock worth $33,312,000 after purchasing an additional 110,245 shares in the last quarter. 53.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Acushnet news, insider Nicholas N. Mohamed sold 529 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $95.00, for a total transaction of $50,255.00. Following the sale, the insider owned 2,868 shares of the company’s stock, valued at approximately $272,460. The trade was a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven Francis Pelisek sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $91.26, for a total transaction of $1,368,900.00. Following the transaction, the insider owned 70,512 shares of the company’s stock, valued at $6,434,925.12. This trade represents a 17.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 53.30% of the company’s stock.

Acushnet Stock Down 0.2%

GOLF stock opened at $89.03 on Friday. The stock has a market capitalization of $5.20 billion, a P/E ratio of 24.26 and a beta of 0.81. The company has a current ratio of 2.55, a quick ratio of 1.48 and a debt-to-equity ratio of 1.01. Acushnet has a 12 month low of $73.09 and a 12 month high of $119.65. The firm has a 50-day moving average price of $104.68 and a 200-day moving average price of $98.27.

Acushnet (NYSE:GOLF) last posted its quarterly earnings results on Thursday, August 6th. The company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.45. The company had revenue of $819.95 million for the quarter, compared to the consensus estimate of $788.24 million. Acushnet had a net margin of 8.12% and a return on equity of 27.98%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $1.25 EPS. As a group, equities research analysts anticipate that Acushnet will post 4.02 EPS for the current fiscal year.

Acushnet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a $0.255 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.02 dividend on an annualized basis and a yield of 1.1%. Acushnet’s dividend payout ratio (DPR) is currently 27.79%.

Analyst Upgrades and Downgrades

GOLF has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Acushnet from $96.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Weiss Ratings upgraded shares of Acushnet from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Roth Capital reiterated a “neutral” rating and issued a $95.00 price target on shares of Acushnet in a research report on Friday, August 7th. Truist Financial boosted their price target on Acushnet from $95.00 to $97.00 and gave the company a “hold” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen upgraded Acushnet from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. 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 has a consensus rating of “Hold” and a consensus price target of $99.17.

About Acushnet

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.