Acushnet Holdings Corp. (NYSE:GOLF) Receives Average Rating of "Hold" from Brokerages

Acushnet Holdings Corp. (NYSE:GOLF) has received an average rating of "Hold" from five brokerages. One analyst rated it as a sell, two as hold, and two as buy. The average 1-year price target is $72.00. Recent changes include KeyCorp lowering its target from $80.00 to $77.00, while JPMorgan downgraded it from neutral to underweight with a target of $64.00. The stock is currently trading at $64.29, down 0.9%. Acushnet also announced a quarterly dividend increase to $0.235, with a yield of 1.46%.

Acushnet Holdings Corp. (NYSE:GOLF - Get Free Report) has received an average rating of "Hold" from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $72.00.

3 Golf Stocks that Look Tee-rific

A number of research analysts have recently commented on the stock. KeyCorp decreased their price target on shares of Acushnet from $80.00 to $77.00 and set an "overweight" rating on the stock in a research note on Friday. StockNews.com upgraded shares of Acushnet from a "hold" rating to a "buy" rating in a research note on Friday. JPMorgan Chase & Co. downgraded Acushnet from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $69.00 to $64.00 in a report on Thursday, January 23rd. Finally, Truist Financial increased their target price on Acushnet from $65.00 to $68.00 and gave the stock a "hold" rating in a report on Friday, November 8th.

View Our Latest Analysis on Acushnet

Acushnet Stock Down 0.9 %

NYSE GOLF traded down $0.59 during trading on Friday, reaching $64.29. The company's stock had a trading volume of 582,200 shares, compared to its average volume of 552,003. The stock has a market capitalization of $3.91 billion, a PE ratio of 21.87 and a beta of 0.86. Acushnet has a 1-year low of $58.54 and a 1-year high of $76.65. The business has a 50-day moving average price of $69.06 and a 200-day moving average price of $67.60. The company has a current ratio of 2.10, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79.

Acushnet (NYSE:GOLF - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.31. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. The firm had revenue of $445.17 billion for the quarter, compared to the consensus estimate of $454.83 million. On average, research analysts forecast that Acushnet will post 3.06 earnings per share for the current fiscal year.

Acushnet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, March 7th. This is a boost from Acushnet's previous quarterly dividend of $0.22. Acushnet's dividend payout ratio (DPR) is presently 29.25%.

Institutional Trading of Acushnet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOLF. Blue Trust Inc. lifted its stake in shares of Acushnet by 100.6% in the 4th quarter. Blue Trust Inc. now owns 351 shares of the company's stock valued at $25,000 after purchasing an additional 176 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Acushnet in the fourth quarter valued at about $31,000. Prospera Private Wealth LLC acquired a new position in Acushnet in the third quarter valued at about $41,000. Lazard Asset Management LLC acquired a new position in Acushnet in the fourth quarter valued at about $51,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in Acushnet by 39.6% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 818 shares of the company's stock worth $58,000 after buying an additional 232 shares during the last quarter. 53.12% of the stock is currently owned by institutional investors and hedge funds.

Acushnet Company Profile

(Get Free Report

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.

Five stocks we like better than Acushnet
What does consumer price index measure?
Analysts Lift Archer Aviation Stock Despite Earnings Miss
What Investors Must Know About Over-the-Counter (OTC) Stocks
5 Best Gold ETFs for March to Curb Recession Fears
What is a support level?
3 Stocks for Your Watchlist: Unlocking Tomorrow’s Winners Today

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Acushnet Right Now?

Before you consider Acushnet, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Acushnet wasn't on the list.

While Acushnet currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here