Topgolf Callaway Brands Corp. (NYSE:MODG) CAO Sells $150,005.40 in Stock

Topgolf Callaway Brands Corp. (NYSE:MODGGet Rating) CAO Jennifer L. Thomas sold 6,438 shares of the business’s stock in a transaction that occurred on Friday, January 20th. The shares were sold at an average price of $23.30, for a total value of $150,005.40. Following the completion of the transaction, the chief accounting officer now directly owns 56,012 shares in the company, valued at approximately $1,305,079.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Topgolf Callaway Brands Price Performance

Shares of MODG stock opened at $23.00 on Monday. The business’s fifty day simple moving average is $20.98. Topgolf Callaway Brands Corp. has a 1-year low of $16.80 and a 1-year high of $26.25. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.19 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.61.

Topgolf Callaway Brands (NYSE:MODGGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Topgolf Callaway Brands had a return on equity of 4.63% and a net margin of 5.30%. The firm had revenue of $988.50 million for the quarter, compared to analyst estimates of $947.32 million. Equities research analysts expect that Topgolf Callaway Brands Corp. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MODG shares. B. Riley reissued a “buy” rating and issued a $29.00 target price on shares of Topgolf Callaway Brands in a report on Monday, October 10th. Truist Financial dropped their target price on Topgolf Callaway Brands from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 5th. Finally, JPMorgan Chase & Co. dropped their target price on Topgolf Callaway Brands from $30.00 to $29.00 in a report on Wednesday, October 26th.

Topgolf Callaway Brands Company Profile

(Get Rating)

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. It operates through three segments: Topgolf; Golf Equipment; and Apparel, Gear and Other. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, multiple 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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