Should I buy or sell Topgolf Callaway Brands stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Topgolf Callaway Brands in the last year. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MODG shares. View MODG analyst ratings or view top-rated stocks .

What is Topgolf Callaway Brands' stock price target for 2024?

10 brokerages have issued 1 year price objectives for Topgolf Callaway Brands' stock. Their MODG share price targets range from $10.00 to $38.00. On average, they predict the company's share price to reach $20.64 in the next twelve months. This suggests a possible upside of 67.8% from the stock's current price. View analysts price targets for MODG or view top-rated stocks among Wall Street analysts .

How have MODG shares performed in 2023?

Topgolf Callaway Brands' stock was trading at $19.75 at the start of the year. Since then, MODG shares have decreased by 37.7% and is now trading at $12.30. View the best growth stocks for 2023 here .

When is Topgolf Callaway Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024. View our MODG earnings forecast .

How were Topgolf Callaway Brands' earnings last quarter?

Topgolf Callaway Brands Corp. (NYSE:MODG) released its quarterly earnings results on Wednesday, November, 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. The business earned $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. Topgolf Callaway Brands had a trailing twelve-month return on equity of 2.54% and a net margin of 2.34%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS.

What ETFs hold Topgolf Callaway Brands' stock?

ETFs with the largest weight of Topgolf Callaway Brands (NYSE:MODG) stock in their portfolio include Nuveen Small Cap Select ETF (NSCS) , MFAM Small-Cap Growth ETF (MFMS) , Motley Fool Small-Cap Growth ETF (TMFS) , Harbor Small Cap Explorer ETF (QWST) and Dimensional US Small Cap Value ETF (DFSV) . Ranger Equity Bear ETF (HDGE) .

What guidance has Topgolf Callaway Brands issued on next quarter's earnings?

Topgolf Callaway Brands issued an update on its FY23 earnings guidance on Wednesday, November, 8th. The company provided EPS guidance of $0.39-0.43 for the period, compared to the consensus EPS estimate of $0.63. The company issued revenue guidance of $4.235-4.260 billion, compared to the consensus revenue estimate of $4.41 billion.

Who are Topgolf Callaway Brands' major shareholders?

Topgolf Callaway Brands' stock is owned by many different retail and institutional investors. Top institutional shareholders include Shapiro Capital Management LLC (5.23%), Bank of New York Mellon Corp (1.22%), Northern Trust Corp (1.04%), Boston Partners (0.95%), TimesSquare Capital Management LLC (0.91%) and UBS Group AG (0.81%). Insiders that own company stock include Brian P Lynch, Erik J Anderson, Jennifer L Thomas, Oliver G Brewer III, Rebecca Fine and Samuel H Armacost. View institutional ownership trends .

How do I buy shares of Topgolf Callaway Brands?

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

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

$12.30

-0.85 (-6.46%)

(As of 12/5/2023 ET)

Compare

Today's Range: $12.29
▼
$12.97
50-Day Range: $10.05
▼
$13.93
52-Week Range: $9.84
▼
$25.96

Volume: 3.92 million shs
Average Volume: 2.43 million shs
Market Capitalization: $2.27 billion

P/E Ratio: 25.10
Dividend Yield: N/A
Price Target: $20.64

Topgolf Callaway Brands MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 67.8% Upside
$20.64 Price Target
Short Interest: Healthy
11.82% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.09
Based on 3 Articles This Week
Insider Trading: Selling Shares
$219,700 Sold Last Quarter
Proj. Earnings Growth: -2.44%
From $0.41 to $0.40 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Consumer Discretionary Sector

35th out of 255 stocks

Sporting & Athletic Goods, Not Elsewhere Classified Industry

2nd out of 9 stocks

4.3

Analyst's Opinion

Consensus Rating
Topgolf Callaway Brands has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $20.64, Topgolf Callaway Brands has a forecasted upside of 67.8% from its current price of $12.30.
Amount of Analyst Coverage
Topgolf Callaway Brands has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
11.82% 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 5.2.
Change versus previous month
Short interest in Topgolf Callaway Brands has recently decreased by 12.79%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MODG.

3.4

News and Social Media Coverage

News Sentiment
Topgolf Callaway Brands has a news sentiment score of 1.09. 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 higher news sentiment than the 0.43 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Topgolf Callaway Brands this week, compared to 3 articles on an average week.
Search Interest
21 people have searched for MODG on MarketBeat in the last 30 days. This is an increase of 110% compared to the previous 30 days.
MarketBeat Follows
5 people have added Topgolf Callaway Brands to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Topgolf Callaway Brands insiders have sold 30.34% more of their company's stock than they have bought. Specifically, they have bought $168,560.00 in company stock and sold $219,700.00 in company stock.
Percentage Held by Insiders
11.97% of the stock of Topgolf Callaway Brands is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
82.13% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Topgolf Callaway Brands are expected to decrease by -2.44% in the coming year, from $0.41 to $0.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Topgolf Callaway Brands is 25.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.05.
Price to Earnings Ratio vs. Sector
The P/E ratio of Topgolf Callaway Brands is 25.10, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.81.
Price to Earnings Growth Ratio
Topgolf Callaway Brands has a PEG Ratio of 2.30. 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 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Topgolf Callaway Brands Stock (NYSE:MODG)

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. It operates through three segments: Topgolf; Golf Equipment; and Active Lifestyle. 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; and golf and lifestyle apparel, hats, luggage and accessories, footwear, belts, facemasks, sunglasses, socks, and underwear under the 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 through its 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.

MODG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MODG Stock News Headlines

November 30, 2023 | finance.yahoo.com

Topgolf Pompano Beach Grand Opens Friday, Dec. 15

November 30, 2023 | finance.yahoo.com

Topgolf Lafayette Opens Friday, Dec. 15

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November 28, 2023 | americanbankingnews.com

Insider Buying: Topgolf Callaway Brands Corp. (NYSE:MODG) CEO Acquires 11,000 Shares of Stock

November 17, 2023 | finance.yahoo.com

President of Topgolf Callaway Brands Oliver Brewer Buys 2.5% More Shares

November 16, 2023 | finance.yahoo.com

Topgolf Callaway: bold attempt at reinvention sends company off course

November 15, 2023 | finance.yahoo.com

Optimism around Topgolf Callaway Brands (NYSE:MODG) delivering new earnings growth may be shrinking as stock declines 14% this past week

November 11, 2023 | msn.com

Stephens & Co. Downgrades Topgolf Callaway Brands (MODG)

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November 9, 2023 | markets.businessinsider.com

KeyBanc Reaffirms Their Buy Rating on Topgolf Callaway Brands (MODG)

November 9, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Topgolf Callaway Brands (MODG) and Affirm Holdings (AFRM)

November 9, 2023 | marketwatch.com

Topgolf Callaway stock has its worst day in more than 3 years. But analysts say golf equipment’s not the problem.

November 9, 2023 | marketwatch.com

The Ratings Game: Topgolf Callaway stock has its worst day in more than 3 years. But analysts say golf equipment’s not the problem.

November 9, 2023 | msn.com

Why Topgolf Callaway's Stock Plunged 18.8% Today

November 9, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Ralph Lauren (RL), Steven Madden (SHOO) and Topgolf Callaway Brands (MODG)

November 9, 2023 | msn.com

These Stocks Are Moving the Most Today: Disney, Arm, Applovin, Affirm, Topgolf Callaway, MGM, and More

November 9, 2023 | finance.yahoo.com

Q3 2023 Topgolf Callaway Brands Corp Earnings Call

November 9, 2023 | finanznachrichten.de

Topgolf Callaway Brands Corp.: Topgolf Callaway Brands Announces Third Quarter 2023 Results

November 9, 2023 | finance.yahoo.com

These Stocks Are Moving the Most Today: Disney, Arm, Applovin, Affirm, Topgolf Callaway, and More

November 8, 2023 | finance.yahoo.com

Topgolf Callaway Brands (MODG) Q3 Earnings Top Estimates

November 8, 2023 | finance.yahoo.com

Topgolf Callaway Brands (MODG) Q3 2023 Earnings Call Transcript

November 8, 2023 | finance.yahoo.com

TOPGOLF CALLAWAY BRANDS ANNOUNCES THIRD QUARTER 2023 RESULTS

November 3, 2023 | finance.yahoo.com

Lazy Days Holdings (LAZY) Reports Q3 Loss, Lags Revenue Estimates

November 3, 2023 | msn.com

After halting future projects, BigShots Golf purchased by Topgolf Callaway for $29 million

November 2, 2023 | msn.com

Topgolf parent buys competitor BigShots Golf for about $29 million

November 2, 2023 | forbes.com

Topgolf Acquires BigShots Golf In Expanding Off-Course Dominion

November 2, 2023 | finance.yahoo.com

Topgolf Mobile Opens Friday, Nov. 17

See More Headlines

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Company Calendar

Last Earnings: 11/08/2023
Today: 12/06/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/08/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Sporting & athletic goods, not elsewhere classified
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:MODG
CUSIP: N/A
CIK: 837465
Web: www.callawaygolf.com
Phone: (760) 931-1771
Fax: 760-931-8013
Employees: 32,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $20.64
High Stock Price Target: $38.00
Low Stock Price Target: $10.00
Potential Upside/Downside: +67.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.49
Trailing P/E Ratio: 25.10
Forward P/E Ratio: 30.00
P/E Growth: 2.3
Net Income: $157.90 million
Net Margins: 2.34%
Pretax Margin: 1.01%
Return on Equity: 2.54%
Return on Assets: 1.11%

Debt

Debt-to-Equity Ratio: 0.39
Current Ratio: 1.76
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $4.00 billion
Price / Sales: 0.57
Cash Flow: $2.32 per share
Price / Cash Flow: 5.31
Book Value: $20.42 per share
Price / Book: 0.60

Miscellaneous

Outstanding Shares: 184,520,000
Free Float: 162,430,000
Market Cap: $2.27 billion
Optionable: Optionable
Beta: 1.77

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Key Executives

Mr. Oliver G. Brewer III (Age 59)
President, CEO & Director
Comp: $3.74M
Mr. Brian P. Lynch (Age 61)
Executive VP, Chief Legal Officer & CFO
Comp: $1.65M
Mr. Mark F. Leposky (Age 58)
Executive VP & Chief Supply Chain Officer
Comp: $1.27M
Mr. Glenn F. Hickey (Age 61)
Executive Vice President of Callaway Golf
Comp: $1.27M
Mr. Arthur Francis Starrs III (Age 46)
Chief Executive Officer of Topgolf International
Comp: $2.04M
Ms. Jennifer Thomas (Age 47)
Senior VP & Chief Accounting Officer
Lauren Scott
Director of Investor Relations
Ms. Rebecca A. Fine (Age 60)
Executive VP & Chief People Officer
Mr. Neil Howie (Age 60)
MD & President of Europe, Middle East & Africa
Comp: $714.68k
Sean Toulon
Senior Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MODG Stock Analysis - Frequently Asked Questions

Should I buy or sell Topgolf Callaway Brands stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Topgolf Callaway Brands in the last year. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MODG shares.
View MODG analyst ratings or view top-rated stocks.
What is Topgolf Callaway Brands' stock price target for 2024?: 10 brokerages have issued 1 year price objectives for Topgolf Callaway Brands' stock. Their MODG share price targets range from $10.00 to $38.00. On average, they predict the company's share price to reach $20.64 in the next twelve months. This suggests a possible upside of 67.8% from the stock's current price.
View analysts price targets for MODG or view top-rated stocks among Wall Street analysts.
How have MODG shares performed in 2023?: Topgolf Callaway Brands' stock was trading at $19.75 at the start of the year. Since then, MODG shares have decreased by 37.7% and is now trading at $12.30.
View the best growth stocks for 2023 here.
When is Topgolf Callaway Brands' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our MODG earnings forecast.
How were Topgolf Callaway Brands' earnings last quarter?: Topgolf Callaway Brands Corp. (NYSE:MODG) released its quarterly earnings results on Wednesday, November, 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. The business earned $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. Topgolf Callaway Brands had a trailing twelve-month return on equity of 2.54% and a net margin of 2.34%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS.

What ETFs hold Topgolf Callaway Brands' stock?: ETFs with the largest weight of Topgolf Callaway Brands (NYSE:MODG) stock in their portfolio include Nuveen Small Cap Select ETF (NSCS), MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS), Harbor Small Cap Explorer ETF (QWST) and Dimensional US Small Cap Value ETF (DFSV).Ranger Equity Bear ETF (HDGE).
What guidance has Topgolf Callaway Brands issued on next quarter's earnings?: Topgolf Callaway Brands issued an update on its FY23 earnings guidance on Wednesday, November, 8th. The company provided EPS guidance of $0.39-0.43 for the period, compared to the consensus EPS estimate of $0.63. The company issued revenue guidance of $4.235-4.260 billion, compared to the consensus revenue estimate of $4.41 billion.
Who are Topgolf Callaway Brands' major shareholders?: Topgolf Callaway Brands' stock is owned by many different retail and institutional investors. Top institutional shareholders include Shapiro Capital Management LLC (5.23%), Bank of New York Mellon Corp (1.22%), Northern Trust Corp (1.04%), Boston Partners (0.95%), TimesSquare Capital Management LLC (0.91%) and UBS Group AG (0.81%). Insiders that own company stock include Brian P Lynch, Erik J Anderson, Jennifer L Thomas, Oliver G Brewer III, Rebecca Fine and Samuel H Armacost.
View institutional ownership trends.
How do I buy shares of Topgolf Callaway Brands?: Shares of MODG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:MODG) was last updated on 12/6/2023 by MarketBeat.com Staff

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

Topgolf Callaway Brands MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Topgolf Callaway Brands Stock (NYSE:MODG)

MODG Stock Price History

MODG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MODG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™