Acushnet Company (GOLF)
NYSEConsumer DiscretionaryLeisureSnapshot 2026-09-09
$85.55-0.28%
Close 2026-09-09 · 1-day change
NYSEConsumer DiscretionaryLeisureSnapshot 2026-09-09
Intact: The reason to own it still holds.
Acushnet grows revenue about 4% yearly, hitting $2.64 billion in 2026. Profit margins improve with gross profit rising to $355 million in Q1 2026. The company steadily raises dividends and buys back shares, showing strong capital allocation. Management is on track with its growth and margin goals.
Revenue growth could slow below 4% if demand weakens. Profit margins may shrink if operational efficiencies stall. Share price is high at 36x earnings, risking a valuation pullback.
The market expects about 4% revenue growth and values the stock near $57.5, reflecting stretched growth assumptions. Our fair value aligns with this but sees limited upside given the high PE ratio.
Breaks if: Dividend per share fails to grow or declines next year
Continue to increase dividends as part of capital allocation strategy.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on revenue growth and margin improvement. The current thesis state is cautious, given recent performance and the potential for sector challenges.
The market appears to be pricing in a stretched valuation, reflecting a durable premium compared to peers. There is a moderate expectations gap, indicating that investors may anticipate continued growth but are wary of execution risks.
Management has shown strong commitment to revenue growth and margin expansion, which has been reflected in recent financial results. However, the earnings quality remains fragile, and there is a moderate risk of missing estimates in the near term.
The thesis hinges on management's ability to maintain guidance and deliver consistent performance. Key factors include inflation trends and the performance of sector bellwethers, which could influence overall consumer discretionary momentum.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat indicates strong revenue growth from club sales. This reinforces the positive outlook for the company. There are no current threats to the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Gross profit falls below $337 million in Q1 2026
Breaks if: Revenue falls below $2.52 billion in FY26
Drive revenue growth through higher sales volumes and average selling prices across Titleist golf equipment, FootJoy golf wear, and Golf gear segments.
Stated as a priority in 4 of last 4 quarters. Revenue grew from $703.4M in 2025-Q1 to $753.0M in 2026-Q1 (+7.1%), and from $720.5M in 2025-Q2 to $820.0M in 2026-Q2 (+13.8%). Q4 2025 revenue was $477.2M, up 7.2% from $445.2M in 2024-Q4. Management consistently emphasizes revenue growth driven by higher sales volumes and prices, and the trajectory is delivering.
“Net sales up 14% year over year driven by growth across all reportable segments and regions.”
“Constant currency net sales increased 5% during the quarter, led by increased volumes in our golf equipment segment.”
“Fourth quarter net sales up 7.2% year over year, driven by higher sales volumes in Titleist golf equipment.”
“Net sales increased 4.1% year over year, driven by higher sales volumes and average selling prices.”
Breaks if: Buyback program is halted or materially reduced
Over the next 1 to 3 years, GOLF's performance will depend on its execution and external economic factors. Not investment advice.