Callaway Golf Company (NYSE:ELY) Director Anthony S. Thornley sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $14.40, for a total value of $100,800.00. Following the completion of the sale, the director now directly owns 47,034 shares of the company’s stock, valued at $677,289.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Callaway Golf (NYSE:ELY) last released its earnings results on Wednesday, October 25th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. Callaway Golf had a return on equity of 7.88% and a net margin of 17.97%. The firm had revenue of $243.60 million for the quarter, compared to the consensus estimate of $209.52 million. During the same period in the prior year, the business posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Callaway Golf by 56,247.6% during the first quarter. BlackRock Inc. now owns 11,700,569 shares of the company’s stock worth $129,526,000 after buying an additional 11,679,804 shares during the period. Scott & Selber Inc. lifted its position in Callaway Golf by 91.7% during the second quarter. Scott & Selber Inc. now owns 244,133 shares of the company’s stock worth $3,120,000 after buying an additional 116,786 shares during the period. Cramer Rosenthal Mcglynn LLC purchased a new position in Callaway Golf during the second quarter worth about $10,707,000. UBS Group AG lifted its position in Callaway Golf by 4.5% during the first quarter. UBS Group AG now owns 265,077 shares of the company’s stock worth $2,934,000 after buying an additional 11,350 shares during the period. Finally, Daruma Capital Management LLC purchased a new position in Callaway Golf during the second quarter worth about $48,831,000. Hedge funds and other institutional investors own 88.99% of the company’s stock.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Callaway Golf from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 25th. KeyCorp reaffirmed an “overweight” rating and issued a $16.00 target price on shares of Callaway Golf in a research note on Wednesday, August 30th. FBR & Co set a $16.00 target price on Callaway Golf and gave the stock a “buy” rating in a research note on Thursday, October 26th. Compass Point downgraded Callaway Golf from a “buy” rating to a “neutral” rating and raised their target price for the stock from $13.60 to $13.75 in a research note on Monday, August 7th. Finally, Jefferies Group LLC set a $18.00 target price on Callaway Golf and gave the stock a “buy” rating in a research note on Friday, August 4th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Callaway Golf currently has a consensus rating of “Buy” and a consensus target price of $15.67.

About Callaway Golf

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.

Insider Buying and Selling by Quarter for Callaway Golf (NYSE:ELY)

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