Shares of Callaway Golf Company (NYSE:ELY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.14 and last traded at $14.14, with a volume of 197,813 shares. The stock had previously closed at $14.02.

Several analysts have recently issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Callaway Golf in a research note on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Callaway Golf in a research note on Thursday, September 7th. Aegis reiterated a “buy” rating on shares of Callaway Golf in a research note on Monday, September 4th. KeyCorp reiterated a “buy” rating and issued a $16.00 target price on shares of Callaway Golf in a research note on Thursday, August 31st. Finally, BidaskClub upgraded shares of Callaway Golf from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Callaway Golf has a consensus rating of “Buy” and a consensus price target of $15.31.

Callaway Golf (NYSE:ELY) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Callaway Golf had a return on equity of 6.60% and a net margin of 18.09%. The company had revenue of $304.50 million during the quarter, compared to the consensus estimate of $295.70 million. During the same period last year, the company earned $0.36 EPS. Callaway Golf’s revenue for the quarter was up 24.0% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd were issued a $0.01 dividend. The ex-dividend date was Friday, August 18th. This represents a $0.04 annualized dividend and a yield of 0.29%. Callaway Golf’s payout ratio is 2.20%.

In related news, insider Oliver G. Brewer III sold 131,884 shares of Callaway Golf stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $13.31, for a total value of $1,755,376.04. Following the completion of the sale, the insider now directly owns 291,399 shares in the company, valued at approximately $3,878,520.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Alan Hocknell sold 57,138 shares of Callaway Golf stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $13.30, for a total value of $759,935.40. Following the completion of the sale, the senior vice president now owns 115,045 shares of the company’s stock, valued at $1,530,098.50. The disclosure for this sale can be found here. Insiders sold a total of 281,113 shares of company stock valued at $3,792,388 over the last quarter. 2.59% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Callaway Golf by 56,247.6% during the 1st quarter. BlackRock Inc. now owns 11,700,569 shares of the company’s stock valued at $129,526,000 after purchasing an additional 11,679,804 shares during the period. Scott & Selber Inc. grew its stake in shares of Callaway Golf by 91.7% during the 2nd quarter. Scott & Selber Inc. now owns 244,133 shares of the company’s stock valued at $3,120,000 after purchasing an additional 116,786 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of Callaway Golf by 6.3% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 37,917 shares of the company’s stock valued at $419,000 after purchasing an additional 2,261 shares during the period. UBS Group AG grew its stake in shares of Callaway Golf by 4.5% during the 1st quarter. UBS Group AG now owns 265,077 shares of the company’s stock valued at $2,934,000 after purchasing an additional 11,350 shares during the period. Finally, Kennedy Capital Management Inc. grew its stake in shares of Callaway Golf by 161.1% during the 1st quarter. Kennedy Capital Management Inc. now owns 973,299 shares of the company’s stock valued at $10,774,000 after purchasing an additional 600,557 shares during the period. Institutional investors own 87.46% of the company’s stock.

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About Callaway Golf

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 its trademarks and service marks and sales of pre-owned golf clubs.

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