NYSE:ELYCallaway Golf Stock Price, Forecast & News

Callaway Golf's stock was trading at $12.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ELY stock has increased by 57.7% and is now trading at $19.65.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callaway Golf in the last year. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Callaway Golf.

Callaway Golf Co (NYSE:ELY) announced its quarterly earnings data on Thursday, May, 7th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $442.28 million for the quarter, compared to analyst estimates of $440.70 million. Callaway Golf had a return on equity of 9.95% and a net margin of 3.67%. Callaway Golf's quarterly revenue was down 14.3% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS.
View Callaway Golf's earnings history.

Callaway Golf announced a quarterly dividend on Tuesday, May 12th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.01 per share on Wednesday, June 17th. This represents a $0.04 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Tuesday, May 26th.
View Callaway Golf's dividend history.

Callaway Golf declared that its Board of Directors has approved a stock repurchase program on Thursday, August 8th 2019, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 5.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

10 brokerages have issued 1 year target prices for Callaway Golf's stock. Their forecasts range from $17.00 to $26.00. On average, they expect Callaway Golf's share price to reach $20.45 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
View analysts' price targets for Callaway Golf.

News coverage about ELY stock has been trending positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Callaway Golf earned a news impact score of 2.1 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
View the latest news about Callaway Golf.

Callaway Golf saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 15,950,000 shares, an increase of 8.5% from the June 15th total of 14,700,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the short-interest ratio is currently 7.6 days. Approximately 18.4% of the company's shares are sold short.
View Callaway Golf's Current Options Chain.

Some companies that are related to Callaway Golf include Hasbro (HAS), Polaris Industries (PII), Brunswick (BC), Mattel (MAT), Sturm Ruger & Company Inc (RGR), Johnson Outdoors (JOUT), Marine Products (MPX) and JAKKS Pacific (JAKK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Callaway Golf investors own include AbbVie (ABBV), Chevron (CVX), NVIDIA (NVDA), Walt Disney (DIS), Alibaba Group (BABA), Cisco Systems (CSCO), Home Depot (HD), Paypal (PYPL), Micron Technology (MU) and Advanced Micro Devices (AMD).

Callaway Golf trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELY."

Callaway Golf's stock is owned by many different institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (1.48%), Ziegler Capital Management LLC (0.69%), Grace & White Inc. NY (0.50%), UBS Group AG (0.41%), Mesirow Financial Investment Management Equity Management (0.35%) and New York State Teachers Retirement System (0.28%). Company insiders that own Callaway Golf stock include Brian P Lynch, Glenn F Hickey, Oliver G Brewer III, Richard H Arnett and Russell L Fleischer.
View institutional ownership trends for Callaway Golf.

ELY stock was sold by a variety of institutional investors in the last quarter, including Platinum Investment Management Ltd., UBS Group AG, Grace & White Inc. NY, Mesirow Financial Investment Management Equity Management, Ziegler Capital Management LLC, Hancock Whitney Corp, Carnegie Capital Asset Management LLC, and Texas Permanent School Fund. Company insiders that have sold Callaway Golf company stock in the last year include Glenn F Hickey, and Richard H Arnett.
View insider buying and selling activity for Callaway Golf.

ELY stock was bought by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., Peregrine Capital Management LLC, Calamos Advisors LLC, Russell Investments Group Ltd., Raymond James Financial Services Advisors Inc., Envestnet Asset Management Inc., Swiss National Bank, and SG Americas Securities LLC. Company insiders that have bought Callaway Golf stock in the last two years include Brian P Lynch, Oliver G Brewer III, and Russell L Fleischer.
View insider buying and selling activity for Callaway Golf.

Shares of ELY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ELY stock can currently be purchased for approximately $19.65.

Callaway Golf has a market capitalization of $1.85 billion and generates $1.70 billion in revenue each year. The company earns $79.41 million in net income (profit) each year or $1.10 on an earnings per share basis. Callaway Golf employs 2,400 workers across the globe.

The official website for Callaway Golf is www.callawaygolf.com.

Callaway Golf's mailing address is 2180 RUTHERFORD RD, CARLSBAD CA, 92008. The company can be reached via phone at 760-931-1771 or via email at [email protected]