Acushnet (NYSE:GOLF) Trading Down 11.6% – Here’s What Happened

Shares of Acushnet (NYSE:GOLF) were down 11.6% on Thursday . The company traded as low as $90.98 and last traded at $91.1980. Approximately 755,587 shares were traded during trading, an increase of 115% from the average session volume of 351,764 shares. The stock had previously closed at $103.15.

Key Acushnet News

Here are the key news stories impacting Acushnet this week:

• Positive Sentiment: Acushnet earned $2.08 per share, well above the $1.63 analyst consensus, while revenue rose 13.8% year over year to $819.95 million, exceeding estimates of $788.24 million. Earnings also increased from $1.25 per share in the year-ago quarter. Acushnet Second Quarter 2026 Financial Results
• Positive Sentiment: Management outlined 2026 sales of approximately $2.65 billion to $2.675 billion and adjusted EBITDA of $450 million to $470 million. Coverage highlighted strong performance from the Titleist golf-club business and an improved outlook. Acushnet 2026 Sales and EBITDA Outlook
• Positive Sentiment: The company declared a quarterly dividend of $0.255 per share, payable September 18 to shareholders of record September 4. The dividend implies an annualized payout of $1.02 and a yield of about 1.1%. Acushnet Dividend Announcement
• Neutral Sentiment: Although the quarterly numbers were strong, the reported full-year sales outlook is broadly in line with analyst expectations near $2.7 billion, limiting the potential for a major upward revision to forecasts. The stock’s valuation, at roughly 33 times earnings, may also leave less room for disappointment.
• Negative Sentiment: The shares remain below their 50-day moving average, suggesting investors may be taking profits or focusing on whether the forward guidance can justify the premium valuation despite the earnings beat.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GOLF shares. JPMorgan Chase & Co. lifted their price target on Acushnet from $96.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Roth Capital reiterated a “neutral” rating and issued a $95.00 price objective on shares of Acushnet in a report on Friday. Weiss Ratings raised Acushnet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Finally, Truist Financial raised their price objective on Acushnet from $95.00 to $97.00 and gave the company a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Acushnet has a consensus rating of “Hold” and a consensus price target of $99.17.

Acushnet Trading Down 0.1%

The stock’s 50 day moving average is $105.13 and its 200-day moving average is $98.55. The company has a market cap of $5.49 billion, a P/E ratio of 25.54 and a beta of 0.81. The company has a current ratio of 2.55, a quick ratio of 1.59 and a debt-to-equity ratio of 1.01.

Acushnet (NYSE:GOLF) last issued its earnings results on Thursday, August 6th. The company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.45. The business had revenue of $819.95 million during the quarter, compared to analysts’ expectations of $788.24 million. Acushnet had a net margin of 8.12% and a return on equity of 27.98%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. Research analysts anticipate that Acushnet will post 3.75 earnings per share for the current fiscal year.

Acushnet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.02 annualized dividend and a dividend yield of 1.1%. Acushnet’s dividend payout ratio (DPR) is 35.92%.

Insider Transactions at Acushnet

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

Institutional Trading of Acushnet

Large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Acushnet in the 2nd quarter worth $496,463,000. Bank of New York Mellon Corp purchased a new stake in Acushnet in the second quarter worth about $31,800,000. Morgan Stanley increased its position in Acushnet by 22.3% in the fourth quarter. Morgan Stanley now owns 1,379,236 shares of the company’s stock worth $110,091,000 after buying an additional 251,889 shares in the last quarter. M&T Bank Corp raised its stake in shares of Acushnet by 668.1% in the fourth quarter. M&T Bank Corp now owns 159,874 shares of the company’s stock worth $12,761,000 after buying an additional 139,060 shares during the period. Finally, Neumeier Poma Investment Counsel LLC lifted its position in shares of Acushnet by 51.7% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 384,424 shares of the company’s stock valued at $30,685,000 after buying an additional 130,990 shares in the last quarter. Institutional investors own 53.12% of the company’s stock.

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.