Callaway Golf (ELY) Reaches New 12-Month High and Low at $17.41

Callaway Golf (NYSE:ELY)’s share price reached a new 52-week high and low during trading on Thursday . The stock traded as low as $17.41 and last traded at $17.40, with a volume of 1415281 shares. The stock had previously closed at $17.35.

Several equities analysts have recently commented on ELY shares. TheStreet upgraded shares of Callaway Golf from a “c+” rating to a “b” rating in a research report on Wednesday, February 14th. Roth Capital set a $17.00 price target on shares of Callaway Golf and gave the stock a “buy” rating in a research report on Monday, February 5th. Jefferies Group restated a “buy” rating and set a $21.00 price target on shares of Callaway Golf in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Callaway Golf from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Friday, January 5th. Finally, DA Davidson set a $18.00 target price on shares of Callaway Golf and gave the company a “buy” rating in a research report on Wednesday, December 27th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $16.66.

The stock has a market cap of $1,646.59, a PE ratio of 32.22, a PEG ratio of 1.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 1.48.



Callaway Golf (NYSE:ELY) last announced its earnings results on Wednesday, February 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. Callaway Golf had a net margin of 3.89% and a return on equity of 7.85%. The firm had revenue of $192.00 million during the quarter, compared to analyst estimates of $184.74 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. Callaway Golf’s revenue was up 17.1% compared to the same quarter last year. sell-side analysts expect that Callaway Golf will post 0.7 earnings per share for the current year.

In other Callaway Golf news, Director Anthony S. Thornley sold 10,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $15.14, for a total value of $151,400.00. Following the completion of the sale, the director now directly owns 35,034 shares of the company’s stock, valued at approximately $530,414.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brian P. Lynch sold 25,911 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $14.84, for a total transaction of $384,519.24. Following the completion of the sale, the senior vice president now directly owns 31,599 shares of the company’s stock, valued at $468,929.16. The disclosure for this sale can be found here. Insiders sold a total of 237,409 shares of company stock valued at $3,783,462 over the last three months. 2.59% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. acquired a new stake in Callaway Golf in the 4th quarter valued at about $142,000. Elkfork Partners LLC acquired a new stake in Callaway Golf in the 4th quarter valued at about $171,000. Xact Kapitalforvaltning AB acquired a new stake in Callaway Golf in the 4th quarter valued at about $173,000. Allianz Asset Management GmbH acquired a new stake in Callaway Golf in the 3rd quarter valued at about $182,000. Finally, Investors Research Corp acquired a new stake in Callaway Golf in the 4th quarter valued at about $217,000. 88.94% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://dakotafinancialnews.com/2018/04/14/callaway-golf-ely-reaches-new-12-month-high-and-low-at-17-41.html.

About Callaway Golf

Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.

Receive News & Ratings for Callaway Golf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callaway Golf and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply