Topgolf Callaway Brands Corp. (NYSE:MODG) EVP Rebecca Fine Purchases 7,000 Shares of Stock

Topgolf Callaway Brands Corp. (NYSE:MODG – Get Rating) EVP Rebecca Fine acquired 7,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was acquired at an average cost of $16.23 per share, with a total value of $113,610.00. Following the purchase, the executive vice president now directly owns 21,012 shares in the company, valued at approximately $341,024.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Topgolf Callaway Brands Stock Down 0.3 %

Shares of NYSE MODG opened at $16.45 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. Topgolf Callaway Brands Corp. has a 12 month low of $16.13 and a 12 month high of $25.96. The firm has a market capitalization of $3.05 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 2.18 and a beta of 1.75. The firm has a fifty day simple moving average of $20.98 and a two-hundred day simple moving average of $21.61.

Topgolf Callaway Brands (NYSE:MODG – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Topgolf Callaway Brands had a net margin of 2.33% and a return on equity of 3.17%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. Equities analysts expect that Topgolf Callaway Brands Corp. will post 0.66 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MODG shares. Compass Point cut their price objective on shares of Topgolf Callaway Brands from $37.00 to $34.00 in a research note on Thursday, May 18th. B. Riley increased their price target on shares of Topgolf Callaway Brands from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Tigress Financial reissued a “buy” rating and set a $38.00 price target on shares of Topgolf Callaway Brands in a research report on Thursday, February 23rd. Truist Financial increased their price target on shares of Topgolf Callaway Brands from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Finally, KeyCorp began coverage on shares of Topgolf Callaway Brands in a research report on Wednesday, April 19th. They set an “overweight” rating and a $27.00 price target for the company. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $31.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of Topgolf Callaway Brands in the 1st quarter worth about $26,000. Steward Partners Investment Advisory LLC bought a new position in shares of Topgolf Callaway Brands in the 1st quarter worth about $29,000. Advisory Services Network LLC bought a new position in shares of Topgolf Callaway Brands in the 1st quarter worth about $30,000. CWM LLC bought a new position in shares of Topgolf Callaway Brands in the 1st quarter worth about $32,000. Finally, Benjamin Edwards Inc. bought a new stake in Topgolf Callaway Brands during the 1st quarter valued at about $44,000. 78.41% of the stock is currently owned by institutional investors.

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.