Stephens started coverage on shares of Acushnet (NYSE:GOLF) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm issued an equal weight rating on the stock.

GOLF has been the subject of several other reports. ValuEngine cut shares of Acushnet from a buy rating to a hold rating in a research note on Friday, November 2nd. Compass Point upgraded shares of Acushnet from a neutral rating to a buy rating in a research note on Wednesday, January 2nd. Imperial Capital reiterated an in-line rating and set a $26.00 target price on shares of Acushnet in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. started coverage on shares of Acushnet in a research note on Thursday, December 20th. They set a hold rating and a $24.00 target price for the company. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Acushnet presently has a consensus rating of Hold and an average price target of $25.29.

NYSE:GOLF traded up $0.15 during trading hours on Tuesday, hitting $22.22. 3,807 shares of the company traded hands, compared to its average volume of 189,014. The stock has a market cap of $1.65 billion, a P/E ratio of 18.10, a PEG ratio of 2.02 and a beta of 0.81. Acushnet has a twelve month low of $17.55 and a twelve month high of $27.87. 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 (NYSE:GOLF) last released its earnings results on Thursday, November 1st. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.06). The company had revenue of $370.43 million for the quarter, compared to analyst estimates of $358.70 million. Acushnet had a net margin of 6.10% and a return on equity of 11.27%. As a group, equities research analysts anticipate that Acushnet will post 1.38 EPS for the current year.

The firm 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 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, November 29th. Acushnet’s dividend payout ratio is 42.28%.

Hedge funds have recently made changes to their positions in the company. Martingale Asset Management L P acquired a new position in shares of Acushnet in the 3rd quarter valued at $217,000. Legal & General Group Plc raised its stake in shares of Acushnet by 141.9% in the 3rd quarter. Legal & General Group Plc now owns 13,297 shares of the company’s stock valued at $365,000 after buying an additional 7,801 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Acushnet by 4.7% in the 3rd quarter. Teachers Advisors LLC now owns 64,943 shares of the company’s stock valued at $1,781,000 after buying an additional 2,898 shares in the last quarter. Institutional investors own 50.92% of the company’s stock.

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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