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Acushnet Holdings Corp

Acushnet Holdings Corp

GOLF
$85.27USD↓-0.33%-0.28 today

MARKET CAP

5.0B

P/E (TTM)

21.7x

FWD P/E

21.1x

DAY RANGE

$84 – $86

52W RANGE

$73
$120

AI Summary

Stalk
StalkMedium

GOLF has broken below all key moving averages and is trading in the mid-80s near critical support levels while the RSI hovers near oversold. Extreme OS conditions open a tactical mean-reversion opportunity, but without clear EMA acceptance, execution should be deferred. Focus on pullbacks into the recent low support zone and await decisive reclaim of the 9- and 20-day EMAs before engaging.

  • ↑Q2 rev $820M (+14% YoY); Titleist clubs sales up 43%.
  • ↑Adj EBITDA $209M (+46% YoY); margin aided by tariff refunds.
  • ↓H2 comparisons tough due to accelerated GTS launch timing.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Acushnet Holdings Corp. (NYSE: GOLF) is a leading player in the golf equipment and apparel market, renowned for its brands Titleist and FootJoy. The company focuses on premium products tailored for dedicated golfers, benefitting from a surge in golf's popularity. Positioned well within the industry's value chain, Acushnet engages in manufacturing high-performance golf equipment, accessories, and apparel while leveraging strong consumer engagement and healthy market trends.

Bull says

  • ↑Q2 rev $820M (+14% YoY); Titleist clubs sales up 43%.
  • ↑Adj EBITDA $209M (+46% YoY); margin aided by tariff refunds.
  • ↑Returned $57M in H1 via dividends and buybacks.
  • ↑All eight U.S. regions report golf participation growth.
  • ↑Net leverage <2.0x; solid liquidity supports operations.
  • ↑High earnings yield and strong profitability factors.

Bear says

  • ↓H2 comparisons tough due to accelerated GTS launch timing.
  • ↓Negative revisions suggest upcoming earnings forecast cuts.
  • ↓Very low 13F ownership indicates weak institutional demand.
  • ↓Tariff refunds dropping to ~$30M may compress margins.
  • ↓Heavy U.S. market reliance raises downturn susceptibility.
  • ↓Small-cap and volatility factors elevate downside risk.

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 05-08-2025bullish

Transcript signals

Bull points

  • we had a strong start to 2024 with a first quarter net sales increase of 4% over prior year.
  • Adjusted EBITDA was $153.7 million, a 4.7% increase from the first quarter of 2023.
  • Net sales growth in the quarter was driven by continued momentum of our Titleist brand with golf clubs, golf balls and golf gear growing by 14%, 9% and 2%, respectively.

Bear points

  • FootJoy net sales declined 6% in the quarter.
  • Interest expense of $13 million in the quarter was up $3 million due to an increase in interest rates and borrowings.
Read full transcript analysis ›