Topgolf Callaway Brands Corp. (NYSE:MODG - Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as $5.46 and last traded at $5.57, with a volume of 637816 shares traded. The stock had previously closed at $6.02.
Analyst Ratings Changes
A number of research analysts have commented on MODG shares. Jefferies Financial Group upgraded shares of Topgolf Callaway Brands from a "hold" rating to a "buy" rating and lifted their price objective for the company from $11.00 to $13.00 in a research note on Thursday, January 2nd. Truist Financial decreased their price objective on Topgolf Callaway Brands from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Roth Mkm reaffirmed a "buy" rating and set a $11.00 price target (down from $16.00) on shares of Topgolf Callaway Brands in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Topgolf Callaway Brands from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $13.91.
Check Out Our Latest Research Report on Topgolf Callaway Brands
Topgolf Callaway Brands Stock Performance
The firm has a fifty day moving average of $6.87 and a 200-day moving average of $8.27. The company has a quick ratio of 1.14, a current ratio of 1.93 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -69.05 and a beta of 1.47.
Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.07. Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%. The business had revenue of $924.40 million for the quarter, compared to analyst estimates of $1.13 billion. As a group, sell-side analysts anticipate that Topgolf Callaway Brands Corp. will post 0.16 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of MODG. Asset Planning Inc acquired a new stake in Topgolf Callaway Brands during the fourth quarter worth about $33,000. Sterling Capital Management LLC raised its stake in shares of Topgolf Callaway Brands by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 4,543 shares of the company's stock valued at $36,000 after acquiring an additional 4,050 shares during the period. KBC Group NV lifted its holdings in shares of Topgolf Callaway Brands by 81.8% during the 4th quarter. KBC Group NV now owns 8,330 shares of the company's stock valued at $65,000 after acquiring an additional 3,749 shares in the last quarter. Covestor Ltd boosted its position in Topgolf Callaway Brands by 147.2% during the 4th quarter. Covestor Ltd now owns 9,286 shares of the company's stock worth $73,000 after purchasing an additional 5,530 shares during the period. Finally, FORA Capital LLC acquired a new stake in Topgolf Callaway Brands in the 4th quarter valued at $81,000. 84.69% of the stock is currently owned by institutional investors and hedge funds.
About Topgolf Callaway Brands
(
Get Free Report)
Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.
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