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Acushnet Holdings Corp (NYSE:GOLF), the parent company of popular golf brands such as Titleist and FootJoy, has reached an all-time high with its stock price hitting 76.69 USD. The company, with a market capitalization of $4.49 billion and annual revenue of $2.45 billion, has demonstrated strong financial health according to InvestingPro analysis. This milestone reflects a significant growth trajectory, as the company’s stock has seen a 23.23% increase over the past year. The surge in Acushnet Holdings’ stock price highlights the company’s robust performance and investor confidence, driven by strong sales and market expansion in the golf industry. Trading at a P/E ratio of 21.2 and offering a dividend yield of 1.27% with 9.3% dividend growth, the company has maintained dividend payments for 9 consecutive years. This achievement underscores the continued popularity of golf and the company’s strategic initiatives to capitalize on this trend. InvestingPro analysis reveals 11 additional investment tips for this stock, available to subscribers.
In other recent news, Acushnet Holdings reported its first-quarter 2025 financial results, surpassing analyst expectations with an earnings per share (EPS) of $1.62, compared to the forecasted $1.32, and revenue of $703 million against an anticipated $697.38 million. Despite the earnings beat, the company did not update its full-year guidance due to ongoing tariff uncertainties. KeyBanc Capital Markets raised its price target for Acushnet to $80 from $75, maintaining an Overweight rating, citing improved visibility regarding tariff impacts and a positive outlook on the golf industry’s resilience. Meanwhile, Truist Securities adjusted its price target to $65 from $64, maintaining a Hold rating, while expressing caution due to macroeconomic uncertainties and tariff risks.
JPMorgan, however, downgraded its price target for Acushnet to $57 from $64, maintaining an Underweight rating, following a slight miss in the company’s first-quarter adjusted EBITDA report. The firm noted a contraction in gross margin, overshadowing the company’s revenues, which slightly decreased year-over-year but performed better than expected. Acushnet’s management has set expectations for a low single-digit increase in first-half sales, with a focus on mitigating the projected $75 million gross tariff impact for 2025 through strategic actions. The company is actively managing supply chain challenges and exploring tariff mitigation strategies, including diversifying its supply chain away from China for products sold in the United States.
Overall, analysts have mixed views on Acushnet’s prospects, with some firms highlighting the company’s strong performance and resilience in the golf market, while others remain cautious due to economic uncertainties and tariff impacts.
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