Acushnet’s (GOLF) Buy Rating Reaffirmed at Jefferies Group

Jefferies Group reaffirmed their buy rating on shares of Acushnet (NYSE:GOLF) in a research note released on Wednesday.

Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of Acushnet from a hold rating to a buy rating in a research note on Thursday, February 8th. SunTrust Banks reaffirmed a buy rating and set a $24.00 price target on shares of Acushnet in a research note on Friday, January 26th. Finally, KeyCorp increased their price target on shares of Acushnet from $22.00 to $24.00 and gave the stock an overweight rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $22.75.

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Acushnet (GOLF) opened at $23.01 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.21 and a current ratio of 2.24. The firm has a market cap of $1,750.00 and a P/E ratio of 15.44. Acushnet has a one year low of $15.16 and a one year high of $23.36.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Friday, March 16th. This is an increase from Acushnet’s previous quarterly dividend of $0.12. Acushnet’s dividend payout ratio (DPR) is currently 32.21%.

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About Acushnet

Acushnet Holdings Corp. is engaged in the design, development, manufacture and distribution of golf products. The Company is engaged in various product categories, such as golf clubs, wedges, putters, golf gloves, golf gear and golf wear. The Company operates in four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear.

Analyst Recommendations for Acushnet (NYSE:GOLF)

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