Callaway Golf Co (NYSE:ELY) Director Anthony S. Thornley sold 10,000 shares of the company’s stock in a transaction on 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 directly owns 35,034 shares in the company, valued at approximately $530,414.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Callaway Golf Co (NYSE:ELY) traded up $0.43 on Monday, reaching $15.23. The company had a trading volume of 1,670,182 shares, compared to its average volume of 1,032,887. Callaway Golf Co has a 1 year low of $9.99 and a 1 year high of $15.95. The firm has a market cap of $1,400.00, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15.
Callaway Golf (NYSE:ELY) last posted its earnings results on Wednesday, February 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. Callaway Golf had a return on equity of 7.85% and a net margin of 3.89%. The firm had revenue of $192.00 million for the quarter, compared to analyst estimates of $184.74 million. During the same quarter in the prior year, the company earned ($0.09) EPS. Callaway Golf’s revenue was up 17.1% on a year-over-year basis. research analysts anticipate that Callaway Golf Co will post 0.69 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of ELY. Amalgamated Bank increased its holdings in 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 period. New York State Common Retirement Fund increased its holdings in 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 period. UBS Asset Management Americas Inc. increased its holdings in 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 period. Suntrust Banks Inc. increased its holdings in 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 period. Finally, Parametric Portfolio Associates LLC increased its holdings in 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 period. Institutional investors own 88.56% of the company’s stock.
ELY has been the topic of several recent analyst reports. KeyCorp set a $16.00 price target on Callaway Golf and gave the company a “buy” rating in a research note on Saturday, October 21st. Zacks Investment Research raised Callaway Golf from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, January 5th. FBR & Co set a $16.00 price target on Callaway Golf and gave the company a “buy” rating in a research note on Thursday, October 26th. JPMorgan Chase & Co. assumed coverage on Callaway Golf in a research note on Thursday, December 14th. They set an “overweight” rating and a $18.00 target price on the stock. Finally, Imperial Capital reissued an “outperform” rating on shares of Callaway Golf in a research note on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $16.40.
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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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