© Reuters. Callaway vs. Acushnet Holdings: Which Golf Stock is a Better Buy?
Many more people have chosen to play golf to recover during the COVID-19 pandemic, as the game is compatible with social distancing requirements. As a result, golf equipment manufacturers Callaway Golf (NYSE 🙂 and Acushnet Holdings (NYSE 🙂 saw sales grow late last year. But which of these stocks is the better buy now? As one of the sports that enables social distancing, golf has grown in popularity over the past year as many people have been drawn to it as a preferred pastime amid the coronavirus pandemic. To capitalize on this trend, golf equipment manufacturers have developed golf balls and other pieces of equipment that are more suitable for beginners. In addition, the tournament organizers have made changes such as: B. the implementation of short competitions and the improvement of the golf courses. As a result, the global golf equipment market is expected to grow at a CAGR of 5.8% over the next three years.
Popular golf equipment manufacturers Callaway Golf Company (ELY) and Acushnet Holdings Corp. . (GOLF) are well positioned to benefit from the industry’s tailwind.
Both stocks generated significant returns over the past year. While ELY achieved a return of 165.7% in this period, GOLF grew by 88.8%. With people now focusing on other outdoor activities as mass vaccinations take effect, ELY is down 6.4% in the last month while GOLF is down 3.8%. Now which of these stocks is the better choice? Let’s find out.
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