Topgolf Callaway Brands (NYSE:MODG) Stock Price Up 0.2%

Topgolf Callaway Brands Corp. (NYSE:MODG – Get Rating)’s stock price rose 0.2% on Thursday . The stock traded as high as $21.72 and last traded at $21.45. Approximately 1,936,096 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 1,525,356 shares. The stock had previously closed at $21.41.

Wall Street Analysts Forecast Growth

MODG has been the subject of several research reports. Truist Financial increased their target price on Topgolf Callaway Brands from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Tigress Financial restated a “buy” rating and set a $38.00 price objective on shares of Topgolf Callaway Brands in a research report on Thursday, February 23rd. Finally, B. Riley raised their price objective on Topgolf Callaway Brands from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, February 10th.

Topgolf Callaway Brands Price Performance

The stock has a market cap of $3.97 billion, a PE ratio of 27.50, a P/E/G ratio of 2.13 and a beta of 1.75. The company’s 50 day simple moving average is $23.23. The company has a quick ratio of 0.48, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

Topgolf Callaway Brands (NYSE:MODG – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.08). Topgolf Callaway Brands had a net margin of 3.95% and a return on equity of 4.20%. The company had revenue of $851.30 million for the quarter, compared to the consensus estimate of $840.75 million. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, equities analysts forecast that Topgolf Callaway Brands Corp. will post 0.81 earnings per share for the current fiscal year.

Insider Transactions at Topgolf Callaway Brands

In related news, CAO Jennifer L. Thomas sold 6,438 shares of the stock in a transaction dated Friday, January 20th. The stock was sold at an average price of $23.30, for a total transaction of $150,005.40. Following the completion of the sale, the chief accounting officer now directly owns 56,012 shares in the company, valued at approximately $1,305,079.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.46% of the company’s stock.

About Topgolf Callaway Brands

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Topgolf Callaway Brands Corp. engages in the manufacture and distribution of golf equipment and accessories. It operates through the Golf Equipment and Apparel, Gear, and Other segments. The Golf Equipment segment focuses on the design, manufacture, and sale of a full line of golf equipment. The Apparel, Gear, and Other segment refers to the development and sale of soft goods under the Callaway, TravisMathew, OGIO, and Jack Wolfskin brands.