Callaway Golf Co. (ELY) Reaches New 1-Year High at $10.63
Callaway Golf Co. (NYSE:ELY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.63 and last traded at $10.61, with a volume of 217,312 shares trading hands. The stock had previously closed at $10.51.
ELY has been the subject of several research analyst reports. Vetr lowered shares of Callaway Golf from a “strong-buy” rating to a “buy” rating and set a $11.21 price target for the company. in a report on Monday, May 30th. FBR & Co initiated coverage on shares of Callaway Golf in a report on Thursday, June 30th. They issued an “outperform” rating and a $12.00 price target for the company. Jefferies Group reissued a “buy” rating and issued a $14.00 price target on shares of Callaway Golf in a report on Tuesday, June 21st. Sterne Agee CRT reissued a “buy” rating on shares of Callaway Golf in a report on Wednesday, April 20th. Finally, Imperial Capital reissued an “outperform” rating and issued a $12.00 price target on shares of Callaway Golf in a report on Sunday, May 1st. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $12.32.
The firm has a market cap of $997.18 million and a PE ratio of 59.635. The company has a 50 day moving average of $10.11 and a 200 day moving average of $9.27.
Callaway Golf (NYSE:ELY) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The firm had revenue of $274.10 million for the quarter, compared to analyst estimates of $280.86 million. During the same quarter last year, the company earned $0.39 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts anticipate that Callaway Golf Co. will post $0.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 25th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, May 23rd.
Other large investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in Callaway Golf by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 144,679 shares of the company’s stock valued at $1,363,000 after buying an additional 2,613 shares during the period. Rhumbline Advisers boosted its stake in Callaway Golf by 5.5% in the fourth quarter. Rhumbline Advisers now owns 128,753 shares of the company’s stock valued at $1,213,000 after buying an additional 6,705 shares during the period. Boston Partners boosted its stake in Callaway Golf by 7.0% in the fourth quarter. Boston Partners now owns 816,980 shares of the company’s stock valued at $7,696,000 after buying an additional 53,720 shares during the period. EAM Investors LLC boosted its stake in Callaway Golf by 27.6% in the fourth quarter. EAM Investors LLC now owns 459,573 shares of the company’s stock valued at $4,329,000 after buying an additional 99,305 shares during the period. Finally, Trexquant Investment LP purchased a new stake in Callaway Golf during the fourth quarter valued at $1,070,000.
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of the Company’s trademarks and service marks and sales of pre-owned golf clubs.
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