Callaway Golf Co (NYSE:ELY) Director Anthony S. Thornley sold 10,000 shares of Callaway Golf 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 transaction, the director now owns 35,034 shares of the company’s stock, valued at approximately $530,414.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Callaway Golf Co (NYSE:ELY) opened at $15.49 on Thursday. The firm has a market capitalization of $1,429.39, a P/E ratio of 28.00, a PEG ratio of 1.47 and a beta of 1.15. Callaway Golf Co has a twelve month low of $9.99 and a twelve month high of $15.95.
Callaway Golf (NYSE:ELY) last issued its earnings results on Wednesday, February 7th. The company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The business had revenue of $192.00 million for the quarter, compared to analysts’ expectations of $184.74 million. Callaway Golf had a return on equity of 7.85% and a net margin of 3.89%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) EPS. research analysts forecast that Callaway Golf Co will post 0.69 EPS for the current year.
Several research firms recently issued reports on ELY. B. Riley reiterated a “buy” rating on shares of Callaway Golf in a report on Wednesday, November 1st. Cowen upgraded Callaway Golf from a “sell” rating to a “neutral” rating and set a $14.00 price objective on the stock in a report on Wednesday, February 7th. DA Davidson set a $18.00 price objective on Callaway Golf and gave the stock a “buy” rating in a report on Wednesday, December 27th. Roth Capital set a $17.00 price objective on Callaway Golf and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Forward View reiterated a “hold” rating on shares of Callaway Golf in a report on Saturday, October 28th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $16.40.
Several institutional investors have recently modified their holdings of ELY. Amalgamated Bank boosted its holdings in shares of Callaway Golf by 1.3% during the 2nd quarter. Amalgamated Bank now owns 12,821 shares of the company’s stock worth $164,000 after purchasing an additional 160 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Callaway Golf by 165.2% during the 2nd quarter. New York State Common Retirement Fund now owns 333,367 shares of the company’s stock worth $4,260,000 after purchasing an additional 207,658 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Callaway Golf by 10.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 35,892 shares of the company’s stock worth $459,000 after purchasing an additional 3,471 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in shares of Callaway Golf by 2.0% during the 2nd quarter. Suntrust Banks Inc. now owns 18,397 shares of the company’s stock worth $235,000 after purchasing an additional 361 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Callaway Golf by 12.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 245,594 shares of the company’s stock worth $3,139,000 after purchasing an additional 27,062 shares during the last quarter. Institutional investors and hedge funds own 88.56% of the company’s stock.
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Callaway Golf Company Profile
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs.
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