Callaway Golf Co. (NYSE:ELY) hit a new 52-week high on Tuesday . The company traded as high as $11.82 and last traded at $11.77, with a volume of 273,138 shares. The stock had previously closed at $11.67.

ELY has been the topic of a number of research analyst reports. Vetr lowered Callaway Golf from a “strong-buy” rating to a “buy” rating and set a $11.21 price target on the stock. in a research note on Monday, May 30th. Zacks Investment Research lowered Callaway Golf from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Jefferies Group restated a “buy” rating on shares of Callaway Golf in a research note on Thursday, July 14th. SunTrust Banks Inc. upgraded Callaway Golf from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $13.00 in a research note on Friday, May 13th. They noted that the move was a valuation call. Finally, Imperial Capital boosted their price target on Callaway Golf from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $12.41.

The stock’s 50-day moving average price is $10.88 and its 200 day moving average price is $9.72. The company has a market capitalization of $1.10 billion and a P/E ratio of 29.709.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Tuesday, August 23rd.

A hedge fund recently raised its stake in Callaway Golf stock. Rhumbline Advisers increased its position in shares of Callaway Golf Co. (NYSE:ELY) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,753 shares of the company’s stock after buying an additional 6,705 shares during the period. Rhumbline Advisers owned 0.14% of Callaway Golf worth $1,213,000 as of its most recent filing with the SEC.

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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