Shares of Acushnet (NYSE:GOLF – Get Free Report) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $97.57.
A number of equities research analysts have recently commented on the company. Wall Street Zen cut Acushnet from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. JPMorgan Chase & Co. lifted their price target on Acushnet from $96.00 to $118.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Roth Capital reiterated a “neutral” rating and issued a $95.00 price target on shares of Acushnet in a research note on Friday, August 7th. Weiss Ratings raised shares of Acushnet from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Finally, Stephens assumed coverage on shares of Acushnet in a report on Tuesday, September 15th. They issued an “equal weight” rating and a $88.00 target price for the company.
Get Our Latest Research Report on GOLF
Institutional Trading of Acushnet
Acushnet Stock Performance
Shares of GOLF opened at $83.11 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.55 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average price is $91.32 and its 200-day moving average price is $95.60. Acushnet has a 52 week low of $75.02 and a 52 week high of $119.65. The stock has a market cap of $4.85 billion, a P/E ratio of 22.64 and a beta of 0.80.
Acushnet (NYSE:GOLF – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.45. The company had revenue of $819.95 million during the quarter, compared to analyst estimates of $788.24 million. Acushnet had a return on equity of 27.98% and a net margin of 8.12%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. Equities research analysts anticipate that Acushnet will post 4.02 earnings per share for the current fiscal year.
Acushnet Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a $0.2550 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, September 4th. Acushnet’s payout ratio is presently 27.79%.
Acushnet Company Profile
Acushnet Holdings Corp. develops, manufactures and distributes golf equipment, apparel and accessories. The company’s portfolio includes golf balls, clubs, wedges, putters, golf gloves, footwear, clothing, bags and other products serving recreational and professional golfers.
Acushnet’s principal brands include Titleist, known for golf balls and equipment; FootJoy, which offers golf footwear, gloves and apparel; and Scotty Cameron, which designs premium putters. The company also markets products under brands including Vokey Design, KJUS and Linksoul.
Founded in 1910, Acushnet is headquartered in Fairhaven, Massachusetts, and serves customers through a global network of retailers, golf courses, distributors and direct-to-consumer channels.
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