OneDigital Investment Advisors LLC Has $1.18 Million Position in Acushnet Holdings Corp. (NYSE:GOLF)

OneDigital Investment Advisors LLC raised its stake in shares of Acushnet Holdings Corp. (NYSE:GOLF) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,433 shares of the company’s stock after purchasing an additional 413 shares during the period. OneDigital Investment Advisors LLC’s holdings in Acushnet were worth $1,175,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wedbush Securities Inc. grew its stake in Acushnet by 5.2% in the 2nd quarter. Wedbush Securities Inc. now owns 3,535 shares of the company’s stock valued at $224,000 after buying an additional 176 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Acushnet by 0.9% in the second quarter. SkyView Investment Advisors LLC now owns 20,396 shares of the company’s stock worth $1,295,000 after purchasing an additional 187 shares during the period. Azzad Asset Management Inc. ADV lifted its position in shares of Acushnet by 2.0% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 10,221 shares of the company’s stock worth $652,000 after purchasing an additional 204 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Acushnet by 8.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,478 shares of the company’s stock worth $221,000 after purchasing an additional 260 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in Acushnet by 7.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,898 shares of the company’s stock valued at $257,000 after buying an additional 269 shares during the last quarter. Institutional investors own 53.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GOLF shares. Compass Point cut their price target on Acushnet from $78.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group cut shares of Acushnet from a “buy” rating to a “hold” rating and cut their target price for the company from $86.00 to $75.00 in a research note on Tuesday, September 17th. Finally, Truist Financial raised their price target on shares of Acushnet from $65.00 to $68.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Acushnet has an average rating of “Hold” and an average price target of $71.40.

Acushnet Stock Down 1.3 %

Shares of GOLF stock opened at $68.43 on Tuesday. The stock has a market cap of $4.16 billion, a P/E ratio of 23.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.10 and a quick ratio of 1.14. The stock has a fifty day moving average price of $64.05 and a 200 day moving average price of $65.00. Acushnet Holdings Corp. has a one year low of $55.74 and a one year high of $76.38.

Acushnet (NYSE:GOLF) last issued its earnings results on Thursday, November 7th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.10. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. The business had revenue of $620.50 million for the quarter, compared to analyst estimates of $620.40 million. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. Analysts predict that Acushnet Holdings Corp. will post 3.06 earnings per share for the current year.

Acushnet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, December 6th. This represents a $0.86 annualized dividend and a dividend yield of 1.26%. Acushnet’s dividend payout ratio (DPR) is presently 29.25%.

About Acushnet

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.