Callaway Golf Co (NYSE:ELY) insider Neil Howie sold 68,824 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.76, for a total value of $1,084,666.24. Following the transaction, the insider now owns 133,001 shares of the company’s stock, valued at approximately $2,096,095.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Neil Howie also recently made the following trade(s):
- On Thursday, February 8th, Neil Howie sold 24,838 shares of Callaway Golf stock. The shares were sold at an average price of $15.75, for a total value of $391,198.50.
Callaway Golf Co (NYSE:ELY) opened at $15.76 on Friday. The stock has a market capitalization of $1,489.89, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. Callaway Golf Co has a twelve month low of $9.99 and a twelve month high of $16.01.
Callaway Golf (NYSE:ELY) last released its earnings results on Wednesday, February 7th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. Callaway Golf had a return on equity of 7.85% and a net margin of 3.89%. The firm had revenue of $192.00 million for the quarter, compared to analysts’ expectations of $184.74 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. equities analysts expect that Callaway Golf Co will post 0.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 14th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.25%. Callaway Golf’s dividend payout ratio is currently 9.30%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Callaway Golf by 3.0% in the fourth quarter. BlackRock Inc. now owns 12,070,025 shares of the company’s stock worth $168,135,000 after acquiring an additional 351,863 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Callaway Golf by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,633,502 shares of the company’s stock worth $95,720,000 after acquiring an additional 240,520 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of Callaway Golf by 21.9% in the fourth quarter. Glenmede Trust Co. NA now owns 3,195,788 shares of the company’s stock worth $44,515,000 after acquiring an additional 573,445 shares during the last quarter. Copper Rock Capital Partners LLC grew its stake in shares of Callaway Golf by 24.9% in the fourth quarter. Copper Rock Capital Partners LLC now owns 2,426,519 shares of the company’s stock worth $34,117,000 after acquiring an additional 483,441 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Callaway Golf by 2.8% in the second quarter. State Street Corp now owns 2,215,678 shares of the company’s stock worth $28,317,000 after acquiring an additional 59,853 shares during the last quarter. 88.56% of the stock is currently owned by hedge funds and other institutional investors.
ELY has been the subject of a number of recent analyst reports. Compass Point downgraded Callaway Golf from a “neutral” rating to a “sell” rating and decreased their target price for the company from $15.06 to $13.50 in a report on Wednesday, December 27th. KeyCorp set a $16.00 target price on Callaway Golf and gave the company a “buy” rating in a report on Saturday, October 21st. Raymond James Financial reiterated a “hold” rating on shares of Callaway Golf in a report on Wednesday, December 27th. DA Davidson set a $18.00 price objective on Callaway Golf and gave the stock a “buy” rating in a report on Wednesday, December 27th. Finally, Cowen upgraded Callaway Golf from a “sell” rating to a “neutral” rating and set a $14.00 price objective for the company in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Callaway Golf presently has an average rating of “Buy” and an average target price of $16.40.
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Callaway Golf Company Profile
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs.
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