Acushnet Holdings (GOLF)
NYSE:GOLF
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Acushnet Holdings
(NYSE:GOLF)
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Rating:60Neutral
Price Target:
$113.00
▲(13.05% Upside)
Action:Reiterated
Date:06/19/26
The score is driven primarily by moderate fundamentals: steady sales and solid gross margin are offset by materially higher leverage and weakening cash flow. Technicals are supportive due to a strong uptrend, but overbought indicators raise near-term risk. Valuation is the largest detractor given the high P/E and low yield, while the earnings call was modestly positive on maintained guidance and product momentum despite tariff and cash-flow headwinds.
Positive Factors
Brand & Recurring Revenue
Titleist's leadership in balls and clubs creates a durable revenue base: golf balls are high-frequency consumables while equipment upgrades drive periodic higher‑ticket sales. Strong product adoption (Pro V1x, GT drivers, Vokey wedges) supports repeat purchases, pricing power, and stable channel relationships across regions.
Negative Factors
Elevated Leverage
Material debt increase and higher leverage raise financial vulnerability to cyclical demand and cash‑flow swings. Interest and principal servicing constrain flexibility for buybacks, M&A or cushioning margin shocks; management's leverage targets mitigate risk but elevated debt amplifies downside sensitivity over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand & Recurring Revenue
Titleist's leadership in balls and clubs creates a durable revenue base: golf balls are high-frequency consumables while equipment upgrades drive periodic higher‑ticket sales. Strong product adoption (Pro V1x, GT drivers, Vokey wedges) supports repeat purchases, pricing power, and stable channel relationships across regions.
Read all positive factors
Acushnet Holdings (GOLF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.31B
Dividend Yield1.15%
Average Volume (3M)355.65K
Price to Earnings (P/E)37.8
Beta (1Y)0.82
Revenue Growth6.34%
EPS Growth-21.30%
CountryUS
Employees7,300
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)2.85
Shares Outstanding58,554,054
10 Day Avg. Volume422,184
30 Day Avg. Volume355,654
Financial Highlights & Ratios
PEG Ratio-3.29
Price to Book (P/B)6.10
Price to Sales (P/S)1.87
P/FCF Ratio39.81
Enterprise Value/Market Cap1.11
Enterprise Value/Revenue2.68
Enterprise Value/Gross Profit5.68
Enterprise Value/Ebitda20.81
Forecast
1Y Price Target
$94.67Price Target Upside-5.30% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)3.75
Revenue Forecast (FY)$2.67B
Acushnet Holdings Business Overview & Revenue Model
Company Description
Based in Fairhaven, Massachusetts, Acushnet Holdings Corp. is a prominent global entity that designs, manufactures, and distributes a comprehensive array of golf products. Since its founding in 1910, and having changed its name from Alexandria Hol...
How the Company Makes Money
Acushnet makes money primarily by selling golf products to retailers, golf specialty shops, on-course/pro-shop accounts, and other distribution partners, as well as through direct-to-consumer channels where applicable. Its core revenue streams are...
Acushnet Holdings Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call presented a generally positive operational and top-line start to 2026 with 5% sales growth, EBITDA expansion, strong product momentum (Titleist equipment and golf gear), and an accelerated, strategically-timed GTS product launch expected to be accretive to the year. Offsetting these positives were notable margin and cash-flow pressures from tariffs and higher working capital, a modest decline in FootJoy sales, a higher effective tax rate, and ongoing input-cost and geopolitical uncertainty. Management maintained full-year guidance and emphasized investments for long-term growth while signaling expected free cash flow improvement in the back half of the year.Positive Updates
Revenue Growth
Worldwide net sales of $753 million, a 5% increase on a constant currency basis versus Q1 2025.
Negative Updates
Tariff-Related Margin Headwind
Q1 experienced a tariff headwind of approximately $17 million year-over-year; management cited tariff-related pressure equating to ~220 basis points on margins and gross margin declined 70 basis points to 47.2%.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Worldwide net sales of $753 million, a 5% increase on a constant currency basis versus Q1 2025.
Read all positive updates
Company Guidance
Acushnet maintained full‑year 2026 guidance for net sales of $2,625–$2,675 million and adjusted EBITDA of $415–$435 million (excluding any potential IEEPA tariff refunds) and now expects reported first‑half net sales and adjusted EBITDA to be nearer the high end of its prior “up mid‑ to high‑single‑digit” range. In Q1 the company posted $753 million of net sales (up 5% constant currency), adjusted EBITDA of ~$144.6–$145 million (up ~$6M YoY), gross profit of $355 million and gross margin of 47.2% (down 70 bps), absorbed a $17 million tariff headwind, and saw total inventories up 7% to support an accelerated GTS metals launch; Q1 free cash flow was down $31 million versus prior year and capex was $19 million (full‑year capex expected ~ $95 million). Key balance‑sheet and cash‑return metrics: average trailing net leverage of 2.3x (management aims to maintain ≤~2.25x on average), Q1 effective tax rate 22.9% (vs 17.9% prior), ~$26 million returned to shareholders through March ($16M dividends, $10M repurchases), a declared quarterly dividend of $0.255/share payable June 22, and $231 million remaining under the share repurchase authorization.Acushnet Holdings Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.61B | 2.56B | 2.46B | 2.38B | 2.27B | 2.15B |
| Gross Profit | 1.23B | 1.21B | 1.19B | 1.25B | 1.18B | 1.12B |
| EBITDA | 335.62M | 354.23M | 360.27M | 336.59M | 315.15M | 295.80M |
| Net Income | 170.59M | 188.54M | 214.30M | 198.43M | 199.28M | 178.87M |
Balance Sheet | ||||||
| Total Assets | 2.60B | 2.34B | 2.18B | 2.20B | 2.19B | 2.01B |
| Cash, Cash Equivalents and Short-Term Investments | 51.68M | 50.09M | 53.06M | 65.44M | 58.90M | 281.68M |
| Total Debt | 1.15B | 1.07B | 763.96M | 701.17M | 567.85M | 314.97M |
| Total Liabilities | 1.77B | 1.56B | 1.38B | 1.28B | 1.21B | 922.27M |
| Stockholders Equity | 825.11M | 783.57M | 765.25M | 864.24M | 939.06M | 1.04B |
Cash Flow | ||||||
| Free Cash Flow | 88.69M | 120.03M | 170.48M | 271.23M | -194.15M | 276.52M |
| Operating Cash Flow | 170.96M | 194.37M | 245.11M | 371.83M | -67.79M | 314.12M |
| Investing Cash Flow | -82.27M | -74.34M | -74.62M | -101.49M | -140.22M | -37.60M |
| Financing Cash Flow | -78.06M | -124.82M | -179.68M | -264.73M | -8.58M | -140.33M |
Acushnet Holdings Technical Analysis
Positive
99.96
Price Trends
93.08
Positive
94.80
Positive
87.77
Positive
Market Momentum
2.99
Negative
78.19
Negative
88.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GOLF, the sentiment is Positive. The current price of 99.96 is above the 20-day moving average (MA) of 92.82, above the 50-day MA of 93.08, and above the 200-day MA of 87.77, indicating a bullish trend. The MACD of 2.99 indicates Negative momentum. The RSI at 78.19 is Negative, neither overbought nor oversold. The STOCH value of 88.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GOLF.
Acushnet Holdings Risk Analysis
Acushnet Holdings disclosed 64 risk factors in its most recent earnings report. Acushnet Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Acushnet Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $482.08M | -31.77 | -3.57% | 3.22% | 17.59% | 68.88% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $6.31B | 37.79 | 20.87% | 1.15% | 6.34% | -21.30% | |
43 Neutral | $4.73M | >-0.01 | -566.85% | ― | 83.79% | 96.51% |
* Consumer Cyclical Sector Average
GOLF
Acushnet Holdings
107.73
37.32
53.00%
JOUT
Johnson Outdoors
46.51
18.19
64.26%
NWTG
Newton Golf Company
1.03
-0.53
-33.97%
Acushnet Holdings Corporate Events
Executive/Board ChangesShareholder Meetings
Acushnet Shareholders Reelect Board and Approve Governance Matters
Positive
Jun 11, 2026
On June 8, 2026, Acushnet Holdings Corp. stockholders elected all nominated directors to the board at the company’s 2026 annual meeting, underscoring continuity in its leadership and governance structure. Investors also signaled confidence i...
Business Operations and StrategyStock Buyback
Acushnet Announces Targeted Share Repurchase Agreement with Magnus
Positive
Jun 8, 2026
On June 8, 2026, Acushnet Holdings Corp. entered into an agreement with shareholder Magnus Holdings Co., Ltd. to repurchase up to $52.5 million of its common stock from Magnus under its existing $1.25 billion share buyback program. The shares will...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.