Topgolf Callaway Brands (NYSE:CALY) Hits New 52-Week High – Should You Buy?

Topgolf Callaway Brands Corp. (NYSE:CALY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $18.52 and last traded at $18.4620, with a volume of 66536 shares. The stock had previously closed at $18.08.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Topgolf Callaway Brands to $18.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. UBS Group lifted their target price on shares of Topgolf Callaway Brands from $11.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, March 27th. The Goldman Sachs Group began coverage on shares of Topgolf Callaway Brands in a research note on Thursday, June 11th. They issued a “neutral” rating and a $17.00 target price for the company. Zacks Research downgraded shares of Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Truist Financial raised their price target on shares of Topgolf Callaway Brands to $19.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Topgolf Callaway Brands currently has a consensus rating of “Hold” and an average target price of $17.25.

Topgolf Callaway Brands Price Performance

The firm has a market capitalization of $3.31 billion, a P/E ratio of 131.28 and a beta of 0.96. The stock’s fifty day moving average is $15.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.28 and a quick ratio of 1.44.

Topgolf Callaway Brands (NYSE:CALY) last announced its earnings results on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.14. Topgolf Callaway Brands had a return on equity of 4.44% and a net margin of 1.05%.The business’s revenue for the quarter was down 37.1% compared to the same quarter last year. Research analysts predict that Topgolf Callaway Brands Corp. will post 0.75 EPS for the current year.

Topgolf Callaway Brands Company Profile

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.