Acushnet Holdings Corp (NYSE:GOLF) Declares Dividend Increase – $0.13 Per Share

Acushnet Holdings Corp (NYSE:GOLF) announced 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 2.30%. The ex-dividend date is Friday, March 16th. This is a positive change from Acushnet’s previous quarterly dividend of $0.12.

GOLF stock traded down $0.50 during trading hours on Monday, hitting $22.59. 191,405 shares of the stock were exchanged, compared to its average volume of 219,639. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.24 and a quick ratio of 1.05. The stock has a market capitalization of $1,719.73, a price-to-earnings ratio of 18.48, a PEG ratio of 2.59 and a beta of 0.14. Acushnet has a 12 month low of $15.16 and a 12 month high of $24.41.

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A number of research analysts recently commented on the company. SunTrust Banks reissued a “buy” rating and set a $24.00 price target on shares of Acushnet in a research note on Friday, January 26th. KeyCorp lifted their price target on Acushnet from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. DA Davidson reaffirmed a “hold” rating on shares of Acushnet in a research note on Thursday, March 8th. Wells Fargo reaffirmed a “market perform” rating on shares of Acushnet in a research note on Thursday, March 8th. Finally, ValuEngine raised Acushnet from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Acushnet has a consensus rating of “Buy” and a consensus price target of $23.00.

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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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