Stephens started coverage on shares of Acushnet (NYSE:GOLF) in a report published on Tuesday, MarketBeat.com reports. The firm issued an equal weight rating on the stock.

A number of other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of Acushnet from a buy rating to a hold rating in a report on Friday, November 2nd. Imperial Capital reaffirmed an in-line rating and set a $26.00 price objective on shares of Acushnet in a research report on Friday, November 2nd. Compass Point raised shares of Acushnet from a neutral rating to a buy rating in a research report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Acushnet in a research report on Thursday, December 20th. They set a hold rating and a $24.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Acushnet currently has an average rating of Hold and an average target price of $25.29.

Shares of GOLF stock traded up $0.15 during trading hours on Tuesday, reaching $22.22. 3,807 shares of the stock traded hands, compared to its average volume of 189,014. Acushnet has a 1-year low of $17.55 and a 1-year 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. The firm has a market capitalization of $1.65 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.02 and a beta of 0.81.

Acushnet (NYSE:GOLF) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.06). Acushnet had a net margin of 6.10% and a return on equity of 11.27%. The firm had revenue of $370.43 million for the quarter, compared to analyst estimates of $358.70 million. Sell-side analysts predict that Acushnet will post 1.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, November 29th. Acushnet’s payout ratio is presently 42.28%.

A number of institutional investors and hedge funds have recently made changes to their positions in GOLF. Teachers Advisors LLC grew its position in Acushnet by 4.7% in the third quarter. Teachers Advisors LLC now owns 64,943 shares of the company’s stock worth $1,781,000 after acquiring an additional 2,898 shares in the last quarter. Legal & General Group Plc grew its position in Acushnet by 141.9% in the third quarter. Legal & General Group Plc now owns 13,297 shares of the company’s stock worth $365,000 after acquiring an additional 7,801 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in Acushnet in the third quarter worth approximately $217,000. 50.92% of the stock is currently owned by hedge funds and other institutional investors.

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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