Fintel reports that on August 21, 2023, Jefferies upgraded their outlook for Acushnet Holdings (NYSE:GOLF) from Hold to Buy.
Analyst Price Forecast Suggests 1.99% Upside
As of August 2, 2023, the average one-year price target for Acushnet Holdings is 58.59. The forecasts range from a low of 50.50 to a high of $65.10. The average price target represents an increase of 1.99% from its latest reported closing price of 57.45.
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The projected annual revenue for Acushnet Holdings is 2,297MM, a decrease of 3.54%. The projected annual non-GAAP EPS is 2.70.
What is the Fund Sentiment?
There are 463 funds or institutions reporting positions in Acushnet Holdings. This is an increase of 12 owner(s) or 2.66% in the last quarter. Average portfolio weight of all funds dedicated to GOLF is 0.13%, an increase of 0.37%. Total shares owned by institutions decreased in the last three months by 1.41% to 42,374K shares. The put/call ratio of GOLF is 2.14, indicating a bearish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 7,947K shares representing 11.94% ownership of the company. In it’s prior filing, the firm reported owning 8,047K shares, representing a decrease of 1.25%. The firm decreased its portfolio allocation in GOLF by 29.85% over the last quarter.
Wellington Management Group Llp holds 2,521K shares representing 3.79% ownership of the company. In it’s prior filing, the firm reported owning 2,767K shares, representing a decrease of 9.73%. The firm decreased its portfolio allocation in GOLF by 86.82% over the last quarter.
Jpmorgan Chase holds 1,807K shares representing 2.72% ownership of the company. In it’s prior filing, the firm reported owning 1,662K shares, representing an increase of 8.02%. The firm increased its portfolio allocation in GOLF by 729.06% over the last quarter.
VEXPX – VANGUARD EXPLORER FUND Investor Shares holds 1,617K shares representing 2.43% ownership of the company. No change in the last quarter.
PKSAX – Virtus KAR Small-Cap Core Fund holds 1,568K shares representing 2.36% ownership of the company. In it’s prior filing, the firm reported owning 1,612K shares, representing a decrease of 2.83%. The firm increased its portfolio allocation in GOLF by 6.13% over the last quarter.
Acushnet Holdings Background Information
(This description is provided by the company.)
Acushnet Holdings is the global leader in the design, development, manufacture and distribution of performance-driven golf products, which are widely recognized for their quality excellence. Driven by our focus on dedicated and discerning golfers and the golf shops that serve them,we believe we are the most authentic and enduring company in the golf industry. Our mission – to be the performance and quality leader in every golf product category in which we compete -has remained consistent since we entered the golf ball business in 1932. Today, we are the steward of two of the most revered brands in golf – Titleist, one of golf’s leading performance equipment brands, and FootJoy, one of golf’s leading performance wear brands.
This article originally appeared on Fintel
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