Acushnet holdings president sells $1.42 million in stock

Steven Francis Pelisek, President of Titleist Golf Clubs at Acushnet Holdings Corp . (NYSE:GOLF), has sold 20,000 shares of the company’s common stock. The shares were sold at a weighted average price of $70.86, generating a total of approximately $1.42 million. Following the transaction, Pelisek retains ownership of 96,006 shares. The sales were executed on March 10, according to a recent SEC filing.

In other recent news, Acushnet Holdings Corp reported its fourth-quarter 2024 earnings, significantly surpassing expectations. The company posted an earnings per share (EPS) of -$0.02, compared to the forecasted -$0.33, and exceeded revenue projections with $455.2 million against the expected $448.76 million. This performance marks an 8% year-over-year increase in Q4 sales and a 4% gain for the full year, totaling $2.46 billion in revenue. Additionally, Acushnet’s adjusted EBITDA for 2024 rose by 7.5% to $412 million, with a gross margin increase of 130 basis points to 48.3%.

KeyBanc Capital Markets recently adjusted its financial outlook on Acushnet Holdings, reducing the price target from $80.00 to $77.00, but maintaining an Overweight rating on the stock. The adjustment reflects slightly revised estimates for FY25, although KeyBanc remains positive about the company’s long-term prospects. Acushnet’s FY25 adjusted EBITDA guidance aligns closely with consensus estimates at approximately $413 million. The company anticipates net sales between $2.485 billion and $2.535 billion for 2025, projecting a 2.6% to 4.6% growth in constant currency.

Acushnet continues to invest in product innovation and global expansion, with new product launches, including the Pro V1 golf ball, expected in 2025. The company also plans strategic investments in digital and global operations, which are expected to support future growth. Acushnet has announced a 9% increase in its quarterly dividend payout for 2025, reflecting its commitment to returning capital to shareholders. Despite supply chain transitions and potential tariff impacts, Acushnet remains focused on executing its growth strategies.

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