Stephens assumed coverage on shares of Acushnet (NYSE:GOLF) in a report issued on Tuesday morning, MarketBeat reports. The brokerage issued an equal weight rating on the stock.

Other research analysts also recently issued research reports about the company. ValuEngine downgraded Acushnet from a buy rating to a hold rating in a report on Friday, November 30th. JPMorgan Chase & Co. began coverage on Acushnet in a report on Thursday, December 20th. They issued a hold rating and a $24.00 target price on the stock. Imperial Capital reissued an in-line rating and issued a $26.00 target price on shares of Acushnet in a report on Friday, November 2nd. Finally, Compass Point raised Acushnet from a neutral rating to a buy rating in a report on Wednesday, January 2nd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $25.29.

Shares of NYSE:GOLF traded up $0.24 during midday trading on Tuesday, reaching $22.31. 140,532 shares of the company’s stock traded hands, compared to its average volume of 223,212. The company has a market cap of $1.65 billion, a P/E ratio of 18.14, a PEG ratio of 2.02 and a beta of 0.81. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.17 and a quick ratio of 1.18. Acushnet has a one year low of $17.55 and a one year high of $27.87.

Acushnet (NYSE:GOLF) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.06). The business had revenue of $370.43 million for the quarter, compared to the consensus estimate of $358.70 million. Acushnet had a net margin of 6.10% and a return on equity of 11.27%. On average, sell-side analysts anticipate that Acushnet will post 1.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, November 29th. Acushnet’s dividend payout ratio (DPR) is currently 42.28%.

Several hedge funds and other institutional investors have recently bought and sold shares of GOLF. Martingale Asset Management L P bought a new position in shares of Acushnet in the third quarter worth about $217,000. Legal & General Group Plc raised its stake in shares of Acushnet by 141.9% in the third quarter. Legal & General Group Plc now owns 13,297 shares of the company’s stock worth $365,000 after buying an additional 7,801 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Acushnet by 4.7% in the third quarter. Teachers Advisors LLC now owns 64,943 shares of the company’s stock worth $1,781,000 after buying an additional 2,898 shares during the period. 50.92% of the stock is currently owned by hedge funds and other institutional investors.

Acushnet Company Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment designs, manufactures, and sells golf balls under the Titleist brands, such as Tour Soft, Velocity, and DT TruSoft, as well as under the Pinnacle brand.

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Analyst Recommendations for Acushnet (NYSE:GOLF)

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