Roth Capital set a $17.00 price target on Callaway Golf (NYSE:ELY) in a research report report published on Monday. The brokerage currently has a buy rating on the stock.

Several other research analysts have also commented on ELY. B. Riley reissued a buy rating on shares of Callaway Golf in a research note on Wednesday, November 1st. DA Davidson set a $18.00 price objective on shares of Callaway Golf and gave the company a buy rating in a research note on Wednesday, December 27th. Raymond James Financial reissued a hold rating on shares of Callaway Golf in a research note on Wednesday, December 27th. Jefferies Group reissued a buy rating and issued a $18.00 price objective on shares of Callaway Golf in a research note on Thursday, October 12th. Finally, Forward View reissued a hold rating on shares of Callaway Golf in a research note on Saturday, October 28th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Callaway Golf has a consensus rating of Buy and a consensus price target of $16.26.

Callaway Golf (ELY) opened at $14.77 on Monday. The firm has a market cap of $1,400.00, a PE ratio of 7.73, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. Callaway Golf has a 12 month low of $9.99 and a 12 month high of $15.63.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Wednesday, February 14th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. Callaway Golf’s dividend payout ratio is currently 2.09%.

In related news, insider Alex Mitchell Boezeman sold 16,738 shares of Callaway Golf stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $15.31, for a total value of $256,258.78. Following the completion of the transaction, the insider now owns 120,873 shares in the company, valued at $1,850,565.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Richard H. Arnett sold 8,070 shares of Callaway Golf stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $14.01, for a total transaction of $113,060.70. Following the completion of the transaction, the senior vice president now owns 5,000 shares of the company’s stock, valued at approximately $70,050. The disclosure for this sale can be found here. 2.59% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Amalgamated Bank lifted its stake in Callaway Golf by 1.3% in the second quarter. Amalgamated Bank now owns 12,821 shares of the company’s stock worth $164,000 after acquiring an additional 160 shares during the last quarter. Suntrust Banks Inc. lifted its stake in Callaway Golf by 2.0% in the second quarter. Suntrust Banks Inc. now owns 18,397 shares of the company’s stock worth $235,000 after acquiring an additional 361 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Callaway Golf by 10.7% in the second quarter. UBS Asset Management Americas Inc. now owns 35,892 shares of the company’s stock worth $459,000 after acquiring an additional 3,471 shares during the last quarter. American International Group Inc. lifted its stake in Callaway Golf by 5.8% in the third quarter. American International Group Inc. now owns 74,179 shares of the company’s stock worth $1,070,000 after acquiring an additional 4,087 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its stake in Callaway Golf by 71.6% in the second quarter. Flinton Capital Management LLC now owns 11,322 shares of the company’s stock worth $145,000 after acquiring an additional 4,726 shares during the last quarter. Institutional investors own 89.58% of the company’s stock.

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Callaway Golf Company Profile

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.

Analyst Recommendations for Callaway Golf (NYSE:ELY)

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