Acushnet Holdings (GOLF)
NYSE:GOLF
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Acushnet Holdings
(NYSE:GOLF)
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Rating:58Neutral
Price Target:
$95.00
▼(-4.96% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weakening cash flow and higher leverage despite still-solid profitability, plus currently soft technical momentum. These are partially offset by reasonable valuation and a generally positive earnings update with maintained guidance and continued product-driven growth, albeit with tariff and working-capital headwinds.
Positive Factors
Premium brand portfolio
Acushnet’s Titleist and FootJoy brands provide durable pricing power and customer loyalty across balls, clubs, footwear and apparel. Professional-tour visibility and strong adoption of new Titleist products underpin recurring replacement cycles and channel relationships, supporting stable revenue and margin resilience.
Negative Factors
Rising leverage
Materially higher debt increases financial risk and sensitivity to earnings volatility. With leverage elevated, the company has less flexibility for opportunistic investments, buybacks or cushioning against demand shocks; servicing and covenant exposure limit strategic optionality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Premium brand portfolio
Acushnet’s Titleist and FootJoy brands provide durable pricing power and customer loyalty across balls, clubs, footwear and apparel. Professional-tour visibility and strong adoption of new Titleist products underpin recurring replacement cycles and channel relationships, supporting stable revenue and margin resilience.
Read all positive factors
Acushnet Holdings (GOLF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.22B
Dividend Yield1.15%
Average Volume (3M)355.65K
Price to Earnings (P/E)17.2
Beta (1Y)0.80
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 Cap1.21
Enterprise Value/Revenue2.42
Enterprise Value/Gross Profit5.14
Enterprise Value/Ebitda17.77
Forecast
1Y Price Target
$96.00Price Target Upside-3.96% Downside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)3.75
Revenue Forecast (FY)$2.67B
Acushnet Holdings Business Overview & Revenue Model
Company Description
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, Title...
How the Company Makes Money
Acushnet makes money primarily by selling golf-related products across several major categories and brands. Its largest revenue stream is typically golf balls (primarily under the Titleist brand), generated through high-volume sales to retailers, ...
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 | 355.57M | 350.46M | 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
Neutral
99.96
Price Trends
93.46
Negative
93.97
Negative
86.44
Positive
Market Momentum
-2.51
Positive
45.42
Neutral
36.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GOLF, the sentiment is Neutral. The current price of 99.96 is above the 20-day moving average (MA) of 91.22, above the 50-day MA of 93.46, and above the 200-day MA of 86.44, indicating a neutral trend. The MACD of -2.51 indicates Positive momentum. The RSI at 45.42 is Neutral, neither overbought nor oversold. The STOCH value of 36.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $428.63M | 12.84 | -3.57% | 3.22% | 17.59% | 68.88% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $5.22B | 17.18 | 20.87% | 1.15% | 6.34% | -21.30% | |
42 Neutral | $4.36M | >-0.01 | -566.85% | ― | 83.79% | 96.51% |
* Consumer Cyclical Sector Average
GOLF
Acushnet Holdings
89.11
20.74
30.33%
JOUT
Johnson Outdoors
41.44
16.13
63.72%
NWTG
Newton Golf Company
0.95
-0.75
-44.12%
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.