Shares of Callaway Golf (NYSE:ELY) hit a new 52-week high and low during trading on Monday . The stock traded as low as $17.50 and last traded at $17.41, with a volume of 209276 shares trading hands. The stock had previously closed at $17.37.
Several analysts have commented on ELY shares. TheStreet upgraded shares of Callaway Golf from a “c+” rating to a “b” rating in a research report on Wednesday, February 14th. Roth Capital set a $17.00 target price on shares of Callaway Golf and gave the company a “buy” rating in a research report on Monday, February 5th. Jefferies Group reiterated a “buy” rating and set a $21.00 target price on shares of Callaway Golf in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Callaway Golf from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, January 5th. Finally, DA Davidson set a $18.00 target price on shares of Callaway Golf and gave the company a “buy” rating in a research report on Wednesday, December 27th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Callaway Golf presently has a consensus rating of “Buy” and an average price target of $16.66.
The firm has a market cap of $1,643.75, a PE ratio of 32.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 1.48.
In related news, Director Anthony S. Thornley sold 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $15.14, for a total value of $151,400.00. Following the completion of the transaction, the director now directly owns 35,034 shares of the company’s stock, valued at approximately $530,414.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Neil Howie sold 24,838 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $15.75, for a total transaction of $391,198.50. Following the completion of the transaction, the insider now directly owns 95,803 shares of the company’s stock, valued at $1,508,897.25. The disclosure for this sale can be found here. Insiders sold a total of 237,409 shares of company stock valued at $3,783,462 in the last three months. 1.98% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elkfork Partners LLC acquired a new position in Callaway Golf in the 4th quarter worth $171,000. Xact Kapitalforvaltning AB acquired a new position in Callaway Golf in the 4th quarter worth $173,000. We Are One Seven LLC acquired a new position in Callaway Golf in the 4th quarter worth $272,000. MetLife Investment Advisors LLC acquired a new position in Callaway Golf in the 4th quarter worth $651,000. Finally, Gotham Asset Management LLC boosted its stake in Callaway Golf by 520.5% in the 4th quarter. Gotham Asset Management LLC now owns 287,777 shares of the company’s stock worth $4,009,000 after purchasing an additional 241,399 shares during the period. 88.97% of the stock is owned by hedge funds and other institutional investors.
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Callaway Golf Company Profile
Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.
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