Simeon Gutman, an analyst from Morgan Stanley, maintained the Hold rating on Acushnet Holdings. The associated price target is $80.00.
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Simeon Gutman has given his Hold rating due to a combination of factors influencing Acushnet Holdings. The company is seen as a strong player in the golf industry, benefiting from a consistent growth rate of approximately 3% annually. This growth is supported by its leading position in the golf ball market and the ongoing demand from high-end consumers. However, the stock’s fair valuation limits the potential for significant upside, which contributes to the Hold rating.
Despite the positive outlook for the equipment franchise, there are concerns about the company’s position in the golf clubs market, where competitors like TaylorMade and MODG hold the top spots. Additionally, near-term challenges such as weather-related declines in rounds played and potential margin pressures from tariffs and investments in equipment fitting are factors that balance the risk and reward profile. As a result, the stock is rated as Hold, with a price target of $80, reflecting no expected upside from the current price.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GOLF in relation to earlier this year.