In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Acushnet Holdings (GOLF – Research Report), with a price target of $74.00.
Ivan Feinseth has given his Buy rating due to a combination of factors including the influx of new golfers, an increase in the number of rounds played, and consistent sales growth fueled by new product releases across Acushnet Holdings’ premier product lines. Feinseth recognizes that the company’s strategic product launches, brand strength, and geographic expansion are key drivers of its positive business performance trends.
Furthermore, Acushnet Holdings’ commitment to research and development has led to a robust pipeline of new products, reinforcing its competitive advantage in the golf equipment market. With a focus on providing a quality golfing experience and superior products, Feinseth believes that the company is well-positioned to capitalize on the continued growth in the golf industry and the increasing frequency of golf rounds played. Acushnet’s tactical reinvestment of cash flows into product innovation, strategic acquisitions, and shareholder value enhancement through dividends and share repurchases further solidifies its promising outlook.
According to TipRanks, Feinseth is a 5-star analyst with an average return of 12.4% and a 60.60% success rate. Feinseth covers the Technology sector, focusing on stocks such as Nvidia, Akamai, and Garmin.
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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:
- Acushnet Holdings exec sells $1.09M in common stock
- Acushnet Holdings’ Titleist President Bohn sells $2.37M in common stock
- Acushnet Holdings price target raised to $62 from $60 at JPMorgan
- Acushnet Holdings price target raised to $78 from $71 at Compass Point
- Acushnet Holdings price target raised to $63 from $61 at Morgan Stanley
