Image may be NSFW.
Clik here to view.
Callaway Golf (NYSE:ELY) had its price objective upped by Raymond James from $32.00 to $37.00 in a research note issued to investors on Monday morning, Benzinga reports. Raymond James currently has an outperform rating on the stock.
Other analysts also recently issued research reports about the company. TheStreet raised Callaway Golf from a c rating to a b- rating in a report on Monday, May 10th. Zacks Investment Research raised Callaway Golf from a hold rating to a buy rating and set a $34.00 price target on the stock in a report on Tuesday, May 11th. Truist raised their price target on Callaway Golf from $32.00 to $35.00 in a report on Friday, March 5th. Roth Capital lifted their target price on Callaway Golf from $26.00 to $34.00 and gave the company a buy rating in a research note on Tuesday, April 13th. Finally, Jefferies Financial Group lifted their target price on Callaway Golf from $30.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, January 20th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Callaway Golf has a consensus rating of Buy and an average price target of $30.83.
Shares of NYSE ELY opened at $34.06 on Monday. Callaway Golf has a fifty-two week low of $14.06 and a fifty-two week high of $35.55. The business has a 50 day moving average price of $29.49 and a two-hundred day moving average price of $26.33. The company has a quick ratio of 1.62, a current ratio of 2.49 and a debt-to-equity ratio of 0.95. The firm has a market cap of $3.21 billion, a PE ratio of -27.25 and a beta of 2.16.
Callaway Golf (NYSE:ELY) last issued its quarterly earnings data on Sunday, May 9th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.50. Callaway Golf had a positive return on equity of 9.87% and a negative net margin of 7.57%. The firm had revenue of $651.60 million during the quarter, compared to analyst estimates of $603.11 million. During the same quarter last year, the firm earned $0.32 EPS. Callaway Golf’s quarterly revenue was up 47.3% on a year-over-year basis. On average, analysts anticipate that Callaway Golf will post 0.76 earnings per share for the current year.
In other news, CFO Brian P. Lynch sold 77,206 shares of Callaway Golf stock in a transaction on Monday, May 17th. The stock was sold at an average price of $34.50, for a total transaction of $2,663,607.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Glenn F. Hickey sold 1,696 shares of Callaway Golf stock in a transaction on Monday, May 17th. The shares were sold at an average price of $34.73, for a total value of $58,902.08. Following the transaction, the executive vice president now owns 31,419 shares in the company, valued at $1,091,181.87. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley grew its holdings in shares of Callaway Golf by 1.5% in the 4th quarter. Morgan Stanley now owns 1,275,218 shares of the company’s stock worth $30,619,000 after acquiring an additional 18,481 shares during the last quarter. Profit Investment Management LLC grew its holdings in shares of Callaway Golf by 3.6% in the 1st quarter. Profit Investment Management LLC now owns 187,425 shares of the company’s stock worth $5,013,000 after acquiring an additional 6,572 shares during the last quarter. HGI Capital Management LLC grew its holdings in shares of Callaway Golf by 117.3% in the 4th quarter. HGI Capital Management LLC now owns 89,258 shares of the company’s stock worth $2,143,000 after acquiring an additional 48,185 shares during the last quarter. Dudley & Shanley Inc. acquired a new position in shares of Callaway Golf in the 1st quarter worth $302,000. Finally, Boyar Asset Management Inc. grew its holdings in shares of Callaway Golf by 10.5% in the 4th quarter. Boyar Asset Management Inc. now owns 35,697 shares of the company’s stock worth $857,000 after acquiring an additional 3,405 shares during the last quarter.
About Callaway Golf
Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls, apparel, gear, and other products. It operates through two segments, Golf Equipment; and Apparel, Gear and Other. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brand names.
Featured Article: Gross Domestic Product (GDP)
Image may be NSFW.
Clik here to view.