3 Best Golf Stocks to Buy Now

2. Acushnet Holdings Corp. (NYSE:GOLF)

Number of Hedge Fund Holders: 11

Next on our list of the best golf stocks is Acushnet Holdings Corp. (NYSE:GOLF), which designs, manufactures, and sells golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. It operates through four segments – Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. For the full-year 2022, Acushnet Holdings Corp. (NYSE:GOLF) expects consolidated net sales to be approximately $2.2 billion to $2.25 billion, versus the earlier forecast of $2.175 billion to $2.225 billion. Street consensus came in at $2.21 billion. 

On October 5, Truist analyst Michael Swartz reiterated a Hold rating and lowered the price target on the shares to $48 from $50 as part of a broader research note on Recreation & Leisure. The analyst updated his model to factor in the effect of higher interest rates and a stronger U.S. dollar over the last 60 days. 

According to Insider Monkey’s Q2 data, 11 hedge funds were bullish on Acushnet Holdings Corp. (NYSE:GOLF), compared to 18 funds in the last quarter. D E Shaw is the biggest position holder in the company, with 272,435 shares worth $11.35 million.