Callaway Golf Co (NYSE:ELY) CEO Oliver G. Brewer III acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $15.14 per share, for a total transaction of $151,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ELY opened at $15.33 on Thursday. 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 capitalization of $1.40 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.58 and a beta of 1.06. Callaway Golf Co has a twelve month low of $14.44 and a twelve month high of $24.67.

Callaway Golf (NYSE:ELY) last posted its earnings results on Thursday, May 9th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.14. The company had revenue of $516.20 million for the quarter, compared to analyst estimates of $504.07 million. Callaway Golf had a net margin of 6.68% and a return on equity of 13.42%. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. Research analysts predict that Callaway Golf Co will post 1.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be issued a $0.01 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.04 annualized dividend and a yield of 0.26%. Callaway Golf’s dividend payout ratio (DPR) is presently 3.74%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation N.A. acquired a new stake in Callaway Golf in the first quarter worth $33,000. Massey Quick Simon & CO. LLC raised its holdings in Callaway Golf by 50.0% in the fourth 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 during the period. Valeo Financial Advisors LLC acquired a new stake in shares of Callaway Golf during the first quarter worth $47,000. Pearl River Capital LLC acquired a new stake in shares of Callaway Golf during the fourth quarter worth $74,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Callaway Golf by 26.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,523 shares of the company’s stock worth $100,000 after acquiring an additional 1,376 shares during the period. Institutional investors own 92.20% of the company’s stock.

Several brokerages recently weighed in on ELY. ValuEngine lowered shares of Callaway Golf from a “hold” rating to a “sell” rating in a report on Wednesday. Berenberg Bank restated a “buy” rating and issued a $24.00 price objective on shares of Callaway Golf in a report on Sunday, May 12th. Zacks Investment Research upgraded shares of Callaway Golf from a “sell” rating to a “hold” rating in a report on Monday, January 28th. Finally, Imperial Capital cut their price objective on shares of Callaway Golf from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Callaway Golf currently has an average rating of “Hold” and a consensus target price of $22.91.

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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. 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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