BNP Paribas Financial Markets Has $2.68 Million Position in Acushnet Holdings Corp. (NYSE:GOLF)

BNP Paribas Financial Markets increased its stake in shares of Acushnet Holdings Corp. (NYSE:GOLF) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,636 shares of the company’s stock after purchasing an additional 1,243 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of Acushnet worth $2,680,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in Acushnet by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 2,995,230 shares of the company’s stock valued at $189,209,000 after acquiring an additional 20,547 shares in the last quarter. Wellington Management Group LLP raised its position in Acushnet by 1.3% during the fourth quarter. Wellington Management Group LLP now owns 1,964,870 shares of the company’s stock valued at $124,121,000 after acquiring an additional 25,869 shares in the last quarter. Norges Bank bought a new position in Acushnet during the fourth quarter valued at approximately $21,945,000. Tributary Capital Management LLC raised its position in Acushnet by 6.7% during the fourth quarter. Tributary Capital Management LLC now owns 265,334 shares of the company’s stock valued at $16,761,000 after acquiring an additional 16,610 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Acushnet by 8.0% during the fourth quarter. Stifel Financial Corp now owns 156,027 shares of the company’s stock valued at $9,856,000 after acquiring an additional 11,526 shares in the last quarter. 53.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Acushnet news, Director Holdings Corp. Fila sold 587,520 shares of Acushnet stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $63.83, for a total transaction of $37,501,401.60. Following the sale, the director now owns 32,522,966 shares in the company, valued at $2,075,940,919.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 54.60% of the company’s stock.

Acushnet Trading Up 1.0 %

Shares of Acushnet stock opened at $63.36 on Monday. The company’s fifty day simple moving average is $63.87 and its 200-day simple moving average is $64.08. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 22.00 and a beta of 0.85. The company has a current ratio of 2.69, a quick ratio of 1.46 and a debt-to-equity ratio of 0.91. Acushnet Holdings Corp. has a 1 year low of $49.42 and a 1 year high of $70.10.

Acushnet (NYSE:GOLF) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.19. The business had revenue of $707.55 million for the quarter, compared to the consensus estimate of $692.41 million. Acushnet had a net margin of 8.03% and a return on equity of 20.65%. As a group, sell-side analysts expect that Acushnet Holdings Corp. will post 3.12 EPS for the current year.

Acushnet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.86 dividend on an annualized basis and a yield of 1.36%. Acushnet’s dividend payout ratio is currently 29.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GOLF. JPMorgan Chase & Co. raised their price objective on shares of Acushnet from $62.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Truist Financial lifted their price target on shares of Acushnet from $62.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.38.

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.