Callaway Golf Co. (NYSE:ELY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $10.78 and last traded at $10.72, with a volume of 332,175 shares trading hands. The stock had previously closed at $10.50.

Several research firms have weighed in on ELY. Jefferies Group reiterated a “buy” rating on shares of Callaway Golf in a research note on Thursday, July 14th. Roth Capital reiterated a “buy” rating and issued a $11.00 price objective on shares of Callaway Golf in a research note on Thursday, June 30th. FBR & Co began coverage on shares of Callaway Golf in a research note on Thursday, June 30th. They issued an “outperform” rating and a $12.00 price objective on the stock. Vetr upgraded shares of Callaway Golf from a “buy” rating to a “strong-buy” rating and set a $12.50 price objective on the stock in a research note on Monday, June 13th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $13.00 price objective on shares of Callaway Golf in a research note on Wednesday, June 8th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $12.32.

The stock has a 50 day moving average of $10.25 and a 200-day moving average of $9.31. The stock has a market capitalization of $1.00 billion and a price-to-earnings ratio of 59.916.

Callaway Golf (NYSE:ELY) last announced its earnings results on Wednesday, April 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. The business earned $274.10 million during the quarter, compared to the consensus estimate of $280.86 million. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. On average, analysts anticipate that Callaway Golf Co. will post $0.41 earnings per share for the current year.

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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Trexquant Investment LP purchased a new stake in Callaway Golf during the fourth quarter valued at $1,070,000. Finally, Russell Frank Co boosted its stake in Callaway Golf by 52.0% in the fourth quarter. Russell Frank Co now owns 419,204 shares of the company’s stock valued at $3,962,000 after buying an additional 143,338 shares in the last quarter.

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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