Opinions
Jim Cramer - Mad Money
Acushnet Holdings
GOLF-N
BUY ON WEAKNESS
Apr 11, 2025
$61.740
Stock price when the opinion was issued
Consumer Products
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BUY ON WEAKNESS
It's the parent company of several golf brands. Their numbers have always been solid, but reported conservative guidance in late February. They['ve invested product development and digital engagement. Shares then sold off 7% and 10% since that quarter. Trades 18x PE this year. Pounce on a pullback.
Consumer Products
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A winner for him, the parent company of Titleist and Footjoy brands, a leader golf brand. Shares have climbed 4-fold since late 2016, an outperformer. The stock has swung a lot the past year from inconsistent quarters, but it bounced but with a strong Q3 surprise, but the next quarter last February was mixed with a revenue miss. Remember that golf is a seasonal game, so one quarter will be weak. Their 2025 guidance is mixed: slightly weaker sales and in-line EBITDA. Sales are slowing though. He's not worried about their guidance, which is usually cautious, and this is a tought environment. They are buying back $250 million of shares and raised its dividend which is small though. This signals confidence.