Media stories about Acushnet (NYSE:GOLF) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Acushnet earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.5347646950685 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Acushnet (GOLF) Given “Buy” Rating at SunTrust Banks (americanbankingnews.com)
- Video: Jim Cramer on the Rise of Golf Stocks Callaway and Acushnet Holdings (thestreet.com)
- Cramer spots a ‘burgeoning bull market’ in golf stocks (cnbc.com)
- Tiger Woods not golf’s only comeback story (afr.com)
- Acushnet Holdings (GOLF) Expected to Announce Quarterly Sales of $440.98 Million (americanbankingnews.com)
Shares of NYSE:GOLF opened at $24.11 on Friday. The stock has a market cap of $1,811.34, a PE ratio of 19.60, a PEG ratio of 2.67 and a beta of 0.16. The company has a quick ratio of 1.05, a current ratio of 2.24 and a debt-to-equity ratio of 0.49. Acushnet has a 12 month low of $15.16 and a 12 month high of $24.49.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.16%. This is an increase from Acushnet’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, March 16th. Acushnet’s dividend payout ratio is 42.28%.
Several analysts have issued reports on GOLF shares. Morgan Stanley restated an “overweight” rating on shares of Acushnet in a research report on Thursday, March 8th. ValuEngine upgraded shares of Acushnet from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Compass Point lowered shares of Acushnet from a “buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a research report on Monday, March 19th. KeyCorp restated an “overweight” rating on shares of Acushnet in a research report on Thursday, March 8th. Finally, DA Davidson reaffirmed a “hold” rating on shares of Acushnet in a research note on Thursday, March 8th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $23.40.
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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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