Principal Monetary Group Inc. lowered its place in shares of Callaway Golf (NYSE:ELY – Get Ranking) by 1.0% within the 1st quarter, based on its most up-to-date Kind 13F submitting with the Securities & Change Fee. The institutional investor owned 396,349 shares of the corporate’s inventory after promoting 4,051 shares throughout the interval. Principal Monetary Group Inc. owned roughly 0.21% of Callaway Golf price $9,282,000 as of its most up-to-date submitting with the Securities & Change Fee.
A number of different institutional traders and hedge funds additionally not too long ago made adjustments to their positions in ELY. Victory Capital Administration Inc. boosted its stake in shares of Callaway Golf by 1.0% throughout the 4th quarter. Victory Capital Administration Inc. now owns 321,195 shares of the corporate’s inventory price $8,814,000 after buying an extra 3,028 shares over the last quarter. Stephens Inc. AR bought a brand new place in shares of Callaway Golf throughout the 1st quarter valued at $505,000. State Avenue Corp lifted its stake in shares of Callaway Golf by 2.4% throughout the 4th quarter. State Avenue Corp now owns 3,438,369 shares of the corporate’s inventory valued at $94,349,000 after shopping for an extra 80,838 shares within the final quarter. Commonwealth Fairness Companies LLC elevated its holdings in Callaway Golf by 4.6% within the 4th quarter. Commonwealth Fairness Companies LLC now owns 18,257 shares of the corporate’s inventory valued at $501,000 after buying an extra 800 shares over the last quarter. Lastly, Rice Corridor James & Associates LLC elevated its holdings in Callaway Golf by 57.4% within the 4th quarter. Rice Corridor James & Associates LLC now owns 120,376 shares of the corporate’s inventory valued at $3,303,000 after buying an extra 43,906 shares over the last quarter. Institutional traders personal 87.20% of the corporate’s inventory.
Insider Transactions at Callaway Golf
In different information, Director Erik J. Anderson offered 22,500 shares of the inventory in a transaction on Monday, August eighth. The shares have been offered at a mean worth of $23.04, for a complete worth of $518,400.00. Following the sale, the director now owns 599,321 shares within the firm, valued at $13,808,355.84. The transaction was disclosed in a doc filed with the Securities & Change Fee, which may be accessed by way of this hyperlink. In associated information, Director Erik J. Anderson offered 5,000 shares of the inventory in a transaction on Tuesday, August sixteenth. The shares have been offered at a mean worth of $24.89, for a complete transaction of $124,450.00. Following the sale, the director now instantly owns 594,321 shares of the corporate’s inventory, valued at $14,792,649.69. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by way of this hyperlink. Additionally, Director Erik J. Anderson offered 22,500 shares of the inventory in a transaction on Monday, August eighth. The inventory was offered at a mean worth of $23.04, for a complete transaction of $518,400.00. Following the sale, the director now instantly owns 599,321 shares within the firm, valued at $13,808,355.84. The disclosure for this sale may be discovered right here. Firm insiders personal 13.46% of the corporate’s inventory.
Wall Avenue Analysts Forecast Development
ELY has been the subject of a variety of analysis reviews. StockNews.com upgraded shares of Callaway Golf from a “promote” ranking to a “maintain” ranking in a report on Monday, August eighth. TheStreet upgraded shares of Callaway Golf from a “c” ranking to a “b-” ranking in a report on Friday, August twelfth. Roth Capital restated a “purchase” ranking on shares of Callaway Golf in a report on Wednesday, April twenty seventh. KeyCorp diminished their goal worth on shares of Callaway Golf from $40.00 to $30.00 in a report on Thursday, Could twelfth. Lastly, Berenberg Financial institution reissued a “purchase” ranking and issued a $34.00 worth goal on shares of Callaway Golf in a analysis report on Friday, Could twenty seventh. Two funding analysts have rated the inventory with a maintain ranking and eight have issued a purchase ranking to the corporate. In keeping with MarketBeat.com, the inventory has a mean ranking of “Reasonable Purchase” and a consensus worth goal of $38.11.
Callaway Golf Buying and selling Down 0.4 %
NYSE:ELY opened at $23.01 on Thursday. Callaway Golf has a 52 week low of $17.78 and a 52 week excessive of $31.68. The agency has a 50 day shifting common of $21.99 and a 200 day shifting common of $22.33. The corporate has a fast ratio of 0.71, a present ratio of 1.29 and a debt-to-equity ratio of 0.28. The inventory has a market capitalization of $4.25 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 1.45 and a beta of 1.76.
Callaway Golf (NYSE:ELY – Get Ranking) final issued its quarterly earnings outcomes on Friday, August fifth. The corporate reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Callaway Golf had a internet margin of 4.02% and a return on fairness of 4.17%. The enterprise had income of $1.12 billion for the quarter, in comparison with analyst estimates of $1.10 billion. Throughout the identical quarter within the prior 12 months, the enterprise posted $0.36 EPS. Callaway Golf’s income for the quarter was up 22.1% in comparison with the identical quarter final 12 months. As a gaggle, sell-side analysts anticipate that Callaway Golf will put up 0.83 earnings per share for the present fiscal 12 months.
Callaway Golf Profile
(Get Ranking)
Callaway Golf Firm, along with its subsidiaries, designs, manufactures, and sells golf gear, golf and way of life attire, and different equipment. It operates by way of three segments: Topgolf; Golf Gear; and Attire, Gear and Different. The Topgolf section operates Topgolf venues geared up with technology-enabled hitting bays, a number of bars, eating areas, and occasion areas, in addition to Toptracer ball-flight monitoring expertise utilized by unbiased driving ranges and broadcast tv; and World Golf Tour digital golf recreation.
Beneficial Tales
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