Neil Howie Sells 68,824 Shares of Callaway Golf Co (ELY) Stock

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.

COPYRIGHT VIOLATION WARNING: “Neil Howie Sells 68,824 Shares of Callaway Golf Co (ELY) Stock” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://ledgergazette.com/2018/02/18/neil-howie-sells-68824-shares-of-callaway-golf-co-ely-stock.html.

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.

Insider Buying and Selling by Quarter for Callaway Golf (NYSE:ELY)

Receive News & Ratings for Callaway Golf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callaway Golf and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply