In a report released today, Noah Zatzkin from KeyBanc reiterated a Buy rating on Acushnet Holdings (GOLF – Research Report). The company’s shares closed yesterday at $64.42.
Zatzkin covers the Consumer Cyclical sector, focusing on stocks such as Camping World Holdings, Acushnet Holdings, and Patrick Industries. According to TipRanks, Zatzkin has an average return of 4.8% and a 55.56% success rate on recommended stocks.
Acushnet Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $61.33.
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Based on Acushnet Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $593.38 million and a net profit of $57.31 million. In comparison, last year the company earned a revenue of $558.25 million and had a net profit of $51.84 million
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GOLF in relation to earlier this year.
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Acushnet Holdings (GOLF) Company Description:
Acushnet Holdings Corp. engages in the design, development, manufacture, and distribution of golf products. It operates through the following segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, FootJoy Golf Wear, and Other. The Titleist Golf Balls segment involves in the design and manufacture of golf balls. The Titleist Golf Clubs segment designs, assembles, and sells golf clubs such as drivers, fairways, hybrids, and irons. The Titleist Golf Gear segment offers golf bags, headwear, gloved, travel gear, and head covers. The FootJoy Golf Wear segment includes golf shoes, gloves, and apparel. The company was founded by Phil Young in 1910 and is headquartered in Fairhaven, MA.
Read More on GOLF:
- GOLF Upcoming Earnings Report: What to Expect?
- Tiger’s Sun Day Red brand to compete with Topgolf, Acushnet, says Stephens
- Acushnet Holdings price target raised to $61 from $60 at Morgan Stanley
- Acushnet Holdings price target raised to $75 from $65 at KeyBanc
- Acushnet Holdings price target raised to $62 from $55 at Truist
