Callaway Golf Co (NYSE:ELY) Director Russell L. Fleischer bought 5,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of $14.75 per share, for a total transaction of $73,750.00. Following the acquisition, the director now directly owns 15,859 shares of the company’s stock, valued at approximately $233,920.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ELY stock traded down $0.57 during mid-day trading on Thursday, reaching $14.76. 1,627,485 shares of the stock traded hands, compared to its average volume of 1,556,811. The company has a quick ratio of 0.85, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Callaway Golf Co has a one year low of $14.44 and a one year high of $24.67. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.58 and a beta of 1.06.

Callaway Golf (NYSE:ELY) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.14. Callaway Golf had a net margin of 6.68% and a return on equity of 13.42%. The business had revenue of $516.20 million for the quarter, compared to analysts’ expectations of $504.07 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. The business’s revenue was up 28.0% compared to the same quarter last year. As a group, equities research analysts expect that Callaway Golf Co will post 1.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Monday, May 20th. Callaway Golf’s dividend payout ratio (DPR) is 3.74%.

A number of hedge funds have recently bought and sold shares of the business. Bernzott Capital Advisors increased its position in Callaway Golf by 1.0% during the first quarter. Bernzott Capital Advisors now owns 1,015,132 shares of the company’s stock valued at $16,171,000 after acquiring an additional 10,125 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Callaway Golf in the first quarter worth about $1,067,000. SEI Investments Co grew its holdings in shares of Callaway Golf by 792.3% in the first quarter. SEI Investments Co now owns 184,646 shares of the company’s stock worth $2,900,000 after purchasing an additional 163,952 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Callaway Golf by 51.4% in the first quarter. Voya Investment Management LLC now owns 1,129,269 shares of the company’s stock worth $17,989,000 after purchasing an additional 383,505 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Callaway Golf by 9.2% in the first quarter. Geode Capital Management LLC now owns 1,029,982 shares of the company’s stock worth $16,407,000 after purchasing an additional 86,690 shares during the last quarter. Institutional investors and hedge funds own 92.20% of the company’s stock.

A number of research firms recently issued reports on ELY. Zacks Investment Research raised shares of Callaway Golf from a “sell” rating to a “hold” rating in a research note on Monday, January 28th. Berenberg Bank began coverage on shares of Callaway Golf in a research note on Wednesday, February 13th. They set a “buy” rating and a $24.00 price target on the stock. ValuEngine downgraded shares of Callaway Golf from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Imperial Capital decreased their price target on shares of Callaway Golf from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.91.

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About Callaway Golf

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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