Gold prices bounce off 3-week lows; demand likely longer term
Acushnet Holdings Corp (NYSE:GOLF), the parent company of Titleist and FootJoy brands, reached an all-time high with its stock price hitting 79.25 USD. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.21, indicating robust liquidity. This milestone reflects the company’s robust performance in the market, bolstered by strong demand for its golf products. Over the past year, Acushnet Holdings has seen a significant increase in its stock value, with a total return of 16.67%. The company has maintained dividend payments for 9 consecutive years, with a current yield of 1.2%. This upward trajectory underscores investor confidence in the company’s growth strategies and its ability to capitalize on the increasing popularity of golf as a recreational activity. Based on InvestingPro’s Fair Value analysis, the stock appears slightly overvalued at current levels. InvestingPro subscribers can access 10 additional investment tips and a comprehensive analysis of GOLF’s valuation metrics.
In other recent news, Acushnet Holdings reported first-quarter 2025 financial results that exceeded analyst expectations, with earnings per share (EPS) of $1.62 compared to the forecasted $1.32, and revenue of $703 million, surpassing the anticipated $697.38 million. Despite these positive results, the company did not update its full-year guidance due to ongoing uncertainties related to tariffs. KeyBanc Capital Markets raised its price target for Acushnet to $80, maintaining an Overweight rating, citing the company’s resilience in the golf industry and improved visibility in tariff mitigation strategies. Meanwhile, Truist Securities increased its price target slightly to $65, maintaining a Hold rating, after Acushnet’s first-quarter earnings were described as decent. On the contrary, JPMorgan downgraded its price target to $57 from $64, retaining an Underweight rating, following a marginal decline in adjusted EBITDA. Acushnet management highlighted efforts to manage tariff impacts, expecting to mitigate more than half of the projected $75 million tariff impact by the end of 2025. The company also anticipates a $15 million foreign exchange headwind for FY25, an improvement from the previously expected $35 million.
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