Shares of Acushnet Holdings Corp (NYSE:GOLF) hit a new 52-week high during trading on Tuesday . The stock traded as high as $23.53 and last traded at $23.51, with a volume of 318632 shares trading hands. The stock had previously closed at $22.85.
Several analysts have recently commented on the company. Imperial Capital restated an “in-line” rating on shares of Acushnet in a research note on Thursday, March 8th. Morgan Stanley reiterated an “overweight” rating on shares of Acushnet in a research note on Thursday, March 8th. Wells Fargo & Co reiterated a “market perform” rating on shares of Acushnet in a research note on Thursday, March 8th. KeyCorp reiterated an “overweight” rating on shares of Acushnet in a research note on Thursday, March 8th. Finally, DA Davidson reiterated a “hold” rating on shares of Acushnet in a research note on Thursday, March 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.75.
The stock has a market capitalization of $1,713.77, a P/E ratio of 18.71, a PEG ratio of 2.58 and a beta of 0.70. The company has a current ratio of 2.24, a quick ratio of 1.05 and a debt-to-equity ratio of 0.49.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.52 dividend on an annualized basis and a yield of 2.22%. This is an increase from Acushnet’s previous quarterly dividend of $0.12. Acushnet’s payout ratio is 39.02%.
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Acushnet Company Profile
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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