Acushnet Hldgs Board Member Trades $37.50M In Company Stock

Kevin Chang Keun Yoon, Board Member at Acushnet Hldgs GOLF, disclosed an insider sell on July 11, according to a recent SEC filing.

What Happened: Yoon's recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled the sale of 587,520 shares of Acushnet Hldgs. The total transaction value is $37,498,757.

Acushnet Hldgs's shares are actively trading at $63.35, experiencing a up of 0.99% during Friday's morning session.

About Acushnet Hldgs

Acushnet Holdings Corp is engaged in the design, development, manufacture, and distribution of golf products. Its product category includes golf balls, golf shoes, golf clubs, wedges, putters, golf gloves, golf gear and golf wear, of which key revenue is derived from the sales of golf balls and golf gloves. The operating segments of the company are Titleist golf balls, Titleist golf clubs, Titleist golf gear and FootJoy golf wear. Geographically, the company operates in the United States, EMEA, Japan, Korea and other countries, of which a majority of the revenue is generated from the operations in the United States.

Acushnet Hldgs: Financial Performance Dissected

Revenue Growth: Acushnet Hldgs displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 3.1%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.

Navigating Financial Profits:

• Gross Margin: The company excels with a remarkable gross margin of 53.41%, indicating superior cost efficiency and profitability compared to its industry peers.

• Earnings per Share (EPS): Acushnet Hldgs's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.36.

Debt Management: With a high debt-to-equity ratio of 0.98, Acushnet Hldgs faces challenges in effectively managing its debt levels, indicating potential financial strain.

Financial Valuation:

• Price to Earnings (P/E) Ratio: The P/E ratio of 21.41 is lower than the industry average, implying a discounted valuation for Acushnet Hldgs's stock.

• Price to Sales (P/S) Ratio: The current P/S ratio of 1.74 is above industry norms, reflecting an elevated valuation for Acushnet Hldgs's stock and potential overvaluation based on sales performance.

• EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Acushnet Hldgs's EV/EBITDA ratio of 14.26 exceeds industry averages, indicating a premium valuation in the market

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

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Navigating the Impact of Insider Transactions on Investments

Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.

Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.

Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.

Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.

Important Transaction Codes

For investors, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.

Check Out The Full List Of Acushnet Hldgs's Insider Trades.

This article was generated by Benzinga's automated content engine and reviewed by an editor.