Callaway Golf Co. (NYSE:ELY) shares hit a new 52-week high on Thursday . The company traded as high as $11.48 and last traded at $11.28, with a volume of 2,338,005 shares trading hands. The stock had previously closed at $10.58.

A number of brokerages have weighed in on ELY. Jefferies Group restated a “buy” rating and issued a $14.00 price objective on shares of Callaway Golf in a report on Thursday, July 28th. Sterne Agee CRT restated a “buy” rating on shares of Callaway Golf in a report on Monday, May 16th. Zacks Investment Research upgraded Callaway Golf from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Thursday, April 14th. TheStreet upgraded Callaway Golf from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Finally, Vetr upgraded Callaway Golf from a “buy” rating to a “strong-buy” rating and set a $12.50 price target on the stock in a report on Monday, June 13th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $12.41.

The firm has a market capitalization of $1.07 billion and a PE ratio of 28.94. The stock has a 50 day moving average price of $10.43 and a 200 day moving average price of $9.46.

Callaway Golf (NYSE:ELY) last posted its earnings results on Wednesday, July 27th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The firm earned $245.60 million during the quarter, compared to analyst estimates of $242.49 million. During the same period last year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that Callaway Golf Co. will post $0.46 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of ELY. I.G. Investment Management LTD. purchased a new stake in Callaway Golf during the fourth quarter valued at $1,386,000. Trexquant Investment LP purchased a new stake in Callaway Golf during the fourth quarter valued at $1,070,000. Rhumbline Advisers raised 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. California State Teachers Retirement System raised 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. Finally, Nationwide Fund Advisors raised its stake in Callaway Golf by 219.0% in the fourth quarter. Nationwide Fund Advisors now owns 237,455 shares of the company’s stock valued at $2,237,000 after buying an additional 163,020 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.