Thu Sep 19 07:27:39 UTC 2024: ## Acushnet Stock Downgraded by Jefferies Financial Group

**New York, NY** – Acushnet Holdings Corp. (NYSE: GOLF) saw its stock rating downgraded from “buy” to “hold” by Jefferies Financial Group in a report released Tuesday, according to Marketbeat Ratings. The analysts also lowered their price target from $86.00 to $75.00, representing a potential upside of 18.45% from the company’s current price.

The downgrade comes amidst mixed signals from other analysts. Truist Financial raised their target price on Acushnet to $65.00 but maintained a “hold” rating, while Compass Point lowered their price objective to $76.00 but kept a “buy” rating. JPMorgan Chase & Co. also raised their target price to $63.00 but maintained a “neutral” rating.

Overall, Acushnet currently holds an average rating of “Hold” with a consensus price target of $67.43.

This recent downgrade follows Acushnet’s quarterly earnings report released on August 6th. The company missed analysts’ estimates for both earnings per share (EPS) and revenue, reporting $1.11 EPS versus an estimated $1.20 and $683.90 million in revenue compared to an estimated $709.83 million.

The company’s revenue also declined by .8% compared to the same period last year.

Meanwhile, insider trading activity saw Director Holdings Corp. Fila sell 587,520 shares of Acushnet stock on July 10th, bringing their total ownership down to 32,522,966 shares.

Several hedge funds have also been actively buying and selling Acushnet shares, with notable activity from Sei Investments Co., Capstone Investment Advisors LLC, Seven Eight Capital LP, Quantbot Technologies LP, and Vanguard Group Inc.

Acushnet Holdings Corp. is a leading manufacturer and distributor of golf products, including golf balls, clubs, gear, and apparel, operating globally through its Titleist and FootJoy brands.

**Disclaimer:** This news article is based on publicly available information and should not be construed as financial advice.

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