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Topgolf Callaway Brands (MODG) Stock Price, News & Analysis

Topgolf Callaway Brands logo
$9.70
-0.09 (-0.92%)
(As of 10/31/2024 ET)

About Topgolf Callaway Brands Stock (NYSE:MODG)

Key Stats

Today's Range
$9.66
$9.92
50-Day Range
$9.24
$11.20
52-Week Range
$9.05
$16.89
Volume
1.86 million shs
Average Volume
2.50 million shs
Market Capitalization
$1.78 billion
P/E Ratio
96.96
Dividend Yield
N/A
Price Target
$15.31
Consensus Rating
Hold

Company Overview

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brands. The Active Lifestyle segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; golf and lifestyle apparel, hats, luggage, and accessories under the TravisMathew brand; and footwear, belts, hats, facemasks, sunglasses, socks, and underwear under the Cuater by TravisMathew brand. This segment also provides storage and travel gear for sport and personal use, such as backpacks; travel, duffel, and golf bags; and storage gear accessories, as well as outerwear, headwear, and accessories under the OGIO brand. In addition, it offers outdoor apparel comprising jackets, trousers, dresses, skirts, and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories under the Jack Wolfskin brand. The company sells its products through golf retailers, sporting goods retailers, online retailers, mass merchants, department stores, third-party distributors, and mail order stores, as well as directly to consumers through its retail stores and websites. The company was formerly known as Callaway Golf Company and changed its name to Topgolf Callaway Brands Corp. in September 2022. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California.

Topgolf Callaway Brands Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
68th Percentile Overall Score

MODG MarketRank™: 

Topgolf Callaway Brands scored higher than 68% of companies evaluated by MarketBeat, and ranked 143rd out of 289 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Topgolf Callaway Brands has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 3 buy ratings, 8 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Topgolf Callaway Brands has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Topgolf Callaway Brands' stock forecast and price target.
  • Earnings Growth

    Earnings for Topgolf Callaway Brands are expected to decrease by -66.67% in the coming year, from $0.18 to $0.06 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Topgolf Callaway Brands is 96.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.66.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Topgolf Callaway Brands is 96.96, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.75.

  • Price to Earnings Growth Ratio

    Topgolf Callaway Brands has a PEG Ratio of 6.67. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Topgolf Callaway Brands has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Topgolf Callaway Brands' valuation and earnings.
  • Percentage of Shares Shorted

    12.60% of the float of Topgolf Callaway Brands has been sold short.
  • Short Interest Ratio / Days to Cover

    Topgolf Callaway Brands has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Topgolf Callaway Brands has recently decreased by 7.44%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Topgolf Callaway Brands does not currently pay a dividend.

  • Dividend Growth

    Topgolf Callaway Brands does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    12.60% of the float of Topgolf Callaway Brands has been sold short.
  • Short Interest Ratio / Days to Cover

    Topgolf Callaway Brands has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Topgolf Callaway Brands has recently decreased by 7.44%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Topgolf Callaway Brands has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Topgolf Callaway Brands this week, compared to 5 articles on an average week.
  • Search Interest

    Only 5 people have searched for MODG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Topgolf Callaway Brands to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Topgolf Callaway Brands insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.49% of the stock of Topgolf Callaway Brands is held by insiders.

  • Percentage Held by Institutions

    84.69% of the stock of Topgolf Callaway Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Topgolf Callaway Brands' insider trading history.
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MODG Stock News Headlines

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Topgolf breaks ground on New Braunfels location
See More Headlines

MODG Stock Analysis - Frequently Asked Questions

Topgolf Callaway Brands' stock was trading at $14.34 at the beginning of 2024. Since then, MODG stock has decreased by 32.4% and is now trading at $9.6950.
View the best growth stocks for 2024 here
.

Topgolf Callaway Brands Corp. (NYSE:MODG) announced its earnings results on Wednesday, August, 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.28 by $0.14. The business's revenue for the quarter was down 1.9% on a year-over-year basis.

Top institutional shareholders of Topgolf Callaway Brands include Harbor Capital Advisors Inc. (0.89%), Principal Financial Group Inc. (0.36%), Grace & White Inc. NY (0.36%) and Profit Investment Management LLC (0.08%). Insiders that own company stock include Oliver G Brewer III, Brian P Lynch, Samuel H Armacost, Jennifer L Thomas, Laura Jean Flanagan and Rebecca Fine.
View institutional ownership trends
.

Shares of MODG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Topgolf Callaway Brands investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), SPDR S&P 500 ETF Trust (SPY), Broadcom (AVGO) and Tesla (TSLA).

Company Calendar

Last Earnings
8/07/2024
Today
10/31/2024
Next Earnings (Estimated)
11/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Sporting & athletic goods, not elsewhere classified
Sub-Industry
Recreation
Employees
32,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.31
High Stock Price Target
$38.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+57.9%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
13 Analysts

Profitability

Net Income
$95 million
Pretax Margin
0.15%

Debt

Sales & Book Value

Annual Sales
$4.24 billion
Cash Flow
$1.72 per share
Book Value
$21.02 per share

Miscellaneous

Free Float
179,228,000
Market Cap
$1.78 billion
Optionable
Optionable
Beta
1.75
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This page (NYSE:MODG) was last updated on 10/31/2024 by MarketBeat.com Staff
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