Topgolf Callaway Brands (NYSE:MODG - Get Free Report) had its price target decreased by research analysts at Truist Financial from $12.00 to $7.00 in a research report issued on Monday, MarketBeat reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's target price would indicate a potential upside of 13.91% from the company's previous close.
Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Topgolf Callaway Brands from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Roth Mkm restated a "buy" rating and issued a $11.00 price objective (down from $16.00) on shares of Topgolf Callaway Brands in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded Topgolf Callaway Brands from a "hold" rating to a "buy" rating and increased their target price for the company from $11.00 to $13.00 in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $11.00.
Check Out Our Latest Stock Report on Topgolf Callaway Brands
Topgolf Callaway Brands Stock Performance
Topgolf Callaway Brands stock traded down $0.01 during trading hours on Monday, hitting $6.15. 2,688,724 shares of the stock traded hands, compared to its average volume of 2,663,884. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 1.14. Topgolf Callaway Brands has a 1 year low of $5.42 and a 1 year high of $16.89. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -76.80 and a beta of 1.47. The firm's 50 day moving average price is $6.51 and its 200-day moving average price is $8.01.
Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.07. The business had revenue of $924.40 million for the quarter, compared to the consensus estimate of $1.13 billion. Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%. As a group, equities analysts expect that Topgolf Callaway Brands will post 0.16 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Asset Planning Inc purchased a new position 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% during the 4th quarter. Sterling Capital Management LLC now owns 4,543 shares of the company's stock worth $36,000 after buying an additional 4,050 shares in the last quarter. KBC Group NV lifted its holdings in shares of Topgolf Callaway Brands by 81.8% in the 4th quarter. KBC Group NV now owns 8,330 shares of the company's stock valued at $65,000 after buying an additional 3,749 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in shares of Topgolf Callaway Brands in the first quarter valued at approximately $66,000. Finally, Covestor Ltd raised its position in Topgolf Callaway Brands by 147.2% in the fourth quarter. Covestor Ltd now owns 9,286 shares of the company's stock worth $73,000 after acquiring an additional 5,530 shares in the last quarter. 84.69% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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