Acushnet Holdings Corp (NYSE:GOLF) Stake Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Acushnet Holdings Corp (NYSE:GOLF) by 36.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,221,960 shares of the company’s stock after purchasing an additional 323,961 shares during the quarter. Dimensional Fund Advisors LP owned 1.63% of Acushnet worth $25,747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in GOLF. Advisor Group Inc. boosted its position in Acushnet by 29.9% during the 4th quarter. Advisor Group Inc. now owns 1,986 shares of the company’s stock worth $42,000 after buying an additional 457 shares during the period. Raymond James & Associates boosted its position in Acushnet by 0.3% during the 4th quarter. Raymond James & Associates now owns 238,268 shares of the company’s stock worth $5,020,000 after buying an additional 752 shares during the period. California Public Employees Retirement System boosted its position in Acushnet by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 38,921 shares of the company’s stock worth $820,000 after buying an additional 1,273 shares during the period. Advisors Asset Management Inc. boosted its position in Acushnet by 170.3% during the 4th quarter. Advisors Asset Management Inc. now owns 2,587 shares of the company’s stock worth $55,000 after buying an additional 1,630 shares during the period. Finally, Westpac Banking Corp boosted its position in Acushnet by 1.7% during the 4th quarter. Westpac Banking Corp now owns 117,000 shares of the company’s stock worth $2,465,000 after buying an additional 2,000 shares during the period. 50.46% of the stock is currently owned by institutional investors.

Shares of NYSE GOLF traded up $0.60 during midday trading on Friday, reaching $26.03. The stock had a trading volume of 331,182 shares, compared to its average volume of 173,466. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 2.25. Acushnet Holdings Corp has a twelve month low of $20.24 and a twelve month high of $27.87. The company has a market capitalization of $1.97 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 2.45 and a beta of 0.91.

Acushnet (NYSE:GOLF) last released its earnings results on Thursday, February 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Acushnet had a net margin of 6.11% and a return on equity of 10.99%. The company had revenue of $343.36 million for the quarter, compared to analyst estimates of $340.46 million. Analysts forecast that Acushnet Holdings Corp will post 1.54 earnings per share for the current year.

GOLF has been the topic of several recent research reports. Stephens initiated coverage on shares of Acushnet in a research report on Tuesday, January 8th. They set an “equal weight” rating on the stock. Zacks Investment Research upgraded shares of Acushnet from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Saturday, January 19th. Compass Point downgraded shares of Acushnet from a “buy” rating to a “neutral” rating and set a $24.91 price target on the stock. in a research report on Friday, March 1st. KeyCorp boosted their price target on shares of Acushnet from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Wells Fargo & Co dropped their price target on shares of Acushnet from $26.00 to $25.00 and set a “market perform” rating on the stock in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.49.

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Acushnet Company Profile

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.

Further Reading: Green Investing

Institutional Ownership by Quarter for Acushnet (NYSE:GOLF)

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