Several brokerages have updated their recommendations and price targets on shares of Callaway Golf (NYSE: ELY) in the last few weeks:

  • 9/7/2017 – Callaway Golf had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $18.00 price target on the stock.
  • 9/4/2017 – Callaway Golf had its “buy” rating reaffirmed by analysts at Aegis.
  • 8/31/2017 – Callaway Golf had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $16.00 price target on the stock.
  • 8/30/2017 – Callaway Golf had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $16.00 price target on the stock.
  • 8/26/2017 – Callaway Golf was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/25/2017 – Callaway Golf is now covered by analysts at Aegis. They set a “buy” rating and a $16.00 price target on the stock.
  • 8/24/2017 – Callaway Golf had its “outperform” rating reaffirmed by analysts at Imperial Capital. They now have a $16.00 price target on the stock.
  • 8/9/2017 – Callaway Golf had its “outperform” rating reaffirmed by analysts at Imperial Capital. They now have a $16.00 price target on the stock, up previously from $14.50.
  • 8/7/2017 – Callaway Golf was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating. They now have a $13.75 price target on the stock, up previously from $13.60.
  • 8/7/2017 – Callaway Golf was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Callaway Golf Company is designs, develops, manufactures and markets high quality, innovative golf clubs. The Company’s golf clubs are sold at premium prices to both average and skilled golfers on the basis of performance, ease of use and appearance. “
  • 8/5/2017 – Callaway Golf was downgraded by analysts at Forward View to a “hold” rating. They now have a $14.00 price target on the stock.
  • 8/4/2017 – Callaway Golf was given a new $18.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 7/25/2017 – Callaway Golf was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Callaway Golf Company is designs, develops, manufactures and markets high quality, innovative golf clubs. The Company’s golf clubs are sold at premium prices to both average and skilled golfers on the basis of performance, ease of use and appearance. “
  • 7/19/2017 – Callaway Golf was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Callaway Golf Company (NYSE:ELY) opened at 14.05 on Thursday. The company’s 50-day moving average is $13.18 and its 200 day moving average is $12.30. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 7.77 and a beta of 1.18. Callaway Golf Company has a one year low of $9.77 and a one year high of $14.12.

Callaway Golf (NYSE:ELY) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Callaway Golf had a net margin of 18.09% and a return on equity of 6.60%. The firm had revenue of $304.50 million for the quarter, compared to analyst estimates of $295.70 million. During the same period in the prior year, the business posted $0.36 EPS. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities analysts expect that Callaway Golf Company will post $0.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. Callaway Golf’s dividend payout ratio is currently 2.20%.

In other news, SVP Alan Hocknell sold 57,138 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $13.30, for a total value of $759,935.40. Following the transaction, the senior vice president now directly owns 115,045 shares in the company, valued at approximately $1,530,098.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Oliver G. Brewer III sold 131,884 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $13.31, for a total transaction of $1,755,376.04. Following the completion of the transaction, the insider now owns 291,399 shares in the company, valued at $3,878,520.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 281,113 shares of company stock worth $3,792,388. Company insiders own 2.59% of the company’s stock.

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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