Acushnet Holdings Corp (GOLF) to Issue Quarterly Dividend of $0.13
Acushnet Holdings Corp (NYSE:GOLF) declared a quarterly dividend on Wednesday, March 7th, Zacks reports. Stockholders of record on Monday, March 19th will be given a dividend of 0.13 per share on Thursday, March 29th. This represents a $0.52 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, March 16th. This is a boost from Acushnet’s previous quarterly dividend of $0.12.
Acushnet (NYSE GOLF) opened at $23.01 on Friday. 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 capitalization of $1,713.76, a price-to-earnings ratio of 18.71, a PEG ratio of 2.74 and a beta of 0.70. Acushnet has a 12 month low of $15.16 and a 12 month high of $23.36.
Several research analysts have commented on GOLF shares. SunTrust Banks restated a “buy” rating and issued a $24.00 target price on shares of Acushnet in a research note on Friday, January 26th. KeyCorp raised their target price on Acushnet from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. DA Davidson restated a “hold” rating on shares of Acushnet in a research note on Thursday. Wells Fargo & Co restated a “market perform” rating on shares of Acushnet in a research note on Thursday. Finally, ValuEngine upgraded Acushnet from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Acushnet presently has an average rating of “Buy” and an average price target of $22.75.
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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.
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