Share Buyback Program Authorized by Topgolf Callaway Brands (NYSE:MODG)

Topgolf Callaway Brands (NYSE:MODG) declared that its Board of Directors has approved a stock buyback plan on Monday, January 5th, RTT News reports. The company plans to repurchase $200.00 million in shares. This repurchase authorization permits the company to repurchase up to 9.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. B. Riley reaffirmed a “neutral” rating and issued a $11.00 price target (up previously from $9.50) on shares of Topgolf Callaway Brands in a report on Monday, November 10th. Roth Capital restated a “buy” rating and set a $14.00 target price on shares of Topgolf Callaway Brands in a research report on Wednesday, November 19th. Compass Point upped their target price on Topgolf Callaway Brands from $14.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday. UBS Group reiterated a “neutral” rating and set a $11.00 price target on shares of Topgolf Callaway Brands in a research report on Monday, November 24th. Finally, Zacks Research raised Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.67.

Topgolf Callaway Brands Stock Performance

NYSE:MODG opened at $13.23 on Wednesday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of -1.61 and a beta of 0.92. The business has a 50 day moving average of $11.20 and a 200 day moving average of $9.94. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.87 and a quick ratio of 1.30. Topgolf Callaway Brands has a 1-year low of $5.42 and a 1-year high of $13.34.

Topgolf Callaway Brands (NYSE:MODG) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.16. The firm had revenue of $465.30 million for the quarter, compared to the consensus estimate of $903.96 million. Topgolf Callaway Brands had a negative net margin of 37.06% and a negative return on equity of 0.13%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share. On average, sell-side analysts predict that Topgolf Callaway Brands will post 0.16 earnings per share for the current fiscal year.

Trending Headlines about Topgolf Callaway Brands

Here are the key news stories impacting Topgolf Callaway Brands this week:

• Positive Sentiment: Completed sale of 60% of Topgolf to Leonard Green — company announced repayment of $1.0 billion of debt, a $200 million share repurchase program (up to ~9.3% of shares), and a planned corporate name/ticker change back to Callaway Golf (ticker CALY). These actions materially de-lever the balance sheet and return capital to shareholders, reducing financial risk and supporting valuation. Topgolf Callaway Brands Completes Sale of Majority Stake of Topgolf to Leonard Green & Partners
• Positive Sentiment: Moody’s upgraded Callaway’s debt ratings following the Topgolf sale — a credit-rating lift typically lowers borrowing costs and reflects improved credit metrics after the deleveraging. That should support the stock by reducing financial risk premium. Callaway Brands Corp. Debt Ratings Upgraded by Moody’s After Topgolf Sale
• Positive Sentiment: Relative Strength (RS) rating rose to 93 — a technical sign that MODG’s price momentum is strong versus the market, which can attract momentum and quant-driven flows. Stocks to watch: Topgolf Callaway Brands sees RS rating rise to 93
• Neutral Sentiment: Expanded rollout of Toast POS at venues aims to improve service speed, labor efficiency and spend-per-visit — operational improvements could boost margins over time but are execution-dependent. Can Topgolf’s Toast POS Rollout Unlock Better Venue Efficiency?
• Neutral Sentiment: New product launch: Callaway introduced Chrome Tour / Chrome Tour X / Chrome Soft balls (retail 1/30) — product refresh supports equipment revenue and brand momentum but sales impact will show over coming quarters. Callaway Golf Introduces Chrome Tour, Chrome Tour X, and Chrome Soft Balls
• Neutral Sentiment: Industry outlook: leisure & recreation tailwinds and bullish analyst commentary include MODG among names likely to benefit from strong golf trends — supportive macro/sector context but not a company-specific catalyst. 4 Stocks to Buy as the Leisure & Recreation Industry Looks Promising
• Neutral Sentiment: Analysis pieces on the company’s nightlife-style golf ecosystem provide strategic color for shareholders but contain no new material financial data. What Topgolf Callaway Brands (MODG)’s Nightlife-Style Golf Ecosystem Means For Shareholders

About Topgolf Callaway Brands

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.