Callaway Golf Co (NYSE:ELY) Director Russell L. Fleischer acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average cost of $14.75 per share, for a total transaction of $73,750.00. Following the purchase, the director now owns 15,859 shares of the company’s stock, valued at $233,920.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NYSE ELY opened at $15.07 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.85 and a debt-to-equity ratio of 0.76. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.58 and a beta of 1.06. Callaway Golf Co has a 12-month low of $14.44 and a 12-month high of $24.67.
Callaway Golf (NYSE:ELY) last announced its earnings results on Thursday, May 9th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.14. The business had revenue of $516.20 million for the quarter, compared to analysts’ expectations of $504.07 million. Callaway Golf had a return on equity of 13.42% and a net margin of 6.68%. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. As a group, equities research analysts expect that Callaway Golf Co will post 1.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. Callaway Golf’s payout ratio is 3.74%.
Several research analysts recently issued reports on ELY shares. Zacks Investment Research raised Callaway Golf from a “sell” rating to a “hold” rating in a research note on Monday, January 28th. Imperial Capital dropped their price objective on Callaway Golf from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 7th. Berenberg Bank started coverage on Callaway Golf in a research note on Wednesday, February 13th. They issued a “buy” rating and a $24.00 price objective on the stock. Finally, ValuEngine cut Callaway Golf from a “hold” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.91.
Several institutional investors have recently bought and sold shares of ELY. Zions Bancorporation N.A. purchased a new stake in shares of Callaway Golf during the first quarter worth $33,000. Massey Quick Simon & CO. LLC boosted its position in shares of Callaway Golf by 50.0% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 2,383 shares of the company’s stock worth $36,000 after purchasing an additional 794 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Callaway Golf in the 1st quarter worth $47,000. Pearl River Capital LLC acquired a new stake in shares of Callaway Golf in the 4th quarter worth $74,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Callaway Golf by 26.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,523 shares of the company’s stock worth $100,000 after purchasing an additional 1,376 shares in the last quarter. 92.20% of the stock is owned by hedge funds and other institutional investors.
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. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other. The Golf Clubs segment provides golf drivers and fairway woods, hybrids, irons and wedges, putters, packaged sets, and pre-owned golf clubs.
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