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.
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.
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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.
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