NYSE:MODG

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

$13.54

+0.04 (+0.30%)

(As of 01:21 PM ET)

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Today's Range: $13.12
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$13.55
50-Day Range: $13.48
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$19.97
52-Week Range: $13.06
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$25.96

Volume: 1.19 million shs
Average Volume: 2.19 million shs
Market Capitalization: $2.51 billion

P/E Ratio: 25.55
Dividend Yield: N/A
Price Target: $25.90

Topgolf Callaway Brands MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 95.8% Upside
$25.90 Price Target
Short Interest: Bearish
13.10% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.36
Based on 10 Articles This Week
Insider Trading: Selling Shares
$510,600 Sold Last Quarter
Proj. Earnings Growth: 35.38%
From $0.65 to $0.88 Per Share

Overall MarketRank^™

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

2.98 out of 5 stars

Consumer Discretionary Sector

25th out of 276 stocks

Sporting & Athletic Goods, Not Elsewhere Classified Industry

2nd out of 10 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 2.67, and is based on 7 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $25.90, Topgolf Callaway Brands has a forecasted upside of 95.8% from its current price of $13.23.
Amount of Analyst Coverage
Topgolf Callaway Brands has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
13.10% 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 7.8.
Change versus previous month
Short interest in Topgolf Callaway Brands has recently increased by 8.77%, indicating that investor sentiment is decreasing 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.

2.4

News and Social Media Coverage

News Sentiment
Topgolf Callaway Brands has a news sentiment score of 0.36. 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 0.55 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Topgolf Callaway Brands this week, compared to 3 articles on an average week.
Search Interest
Only 30 people have searched for MODG on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
11 people have added Topgolf Callaway Brands to their MarketBeat watchlist in the last 30 days. This is an increase of 38% 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 214.99% more of their company's stock than they have bought. Specifically, they have bought $162,100.00 in company stock and sold $510,600.00 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Topgolf Callaway Brands are expected to grow by 35.38% in the coming year, from $0.65 to $0.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Topgolf Callaway Brands is 24.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Topgolf Callaway Brands is 24.96, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.11.
Price to Earnings Growth Ratio
Topgolf Callaway Brands has a PEG Ratio of 1.50. 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 0.65. 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 (NYSE:MODG) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

MODG Stock News Headlines

October 3, 2023 | bizjournals.com

Topgolf property in Northeast Philadelphia is up for sale

October 3, 2023 | msn.com

Morgan Stanley Maintains Topgolf Callaway Brands (MODG) Underweight Recommendation

October 4, 2023 | Oxford Club (Ad)

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October 2, 2023 | markets.businessinsider.com

Expert Ratings for Topgolf Callaway Brands

October 2, 2023 | finance.yahoo.com

Topgolf Enters New England with Opening of Rhode Island Venue

September 30, 2023 | americanbankingnews.com

Morgan Stanley Initiates Coverage on Topgolf Callaway Brands (NYSE:MODG)

September 30, 2023 | americanbankingnews.com

B. Riley Reiterates "Buy" Rating for Topgolf Callaway Brands (NYSE:MODG)

September 29, 2023 | americanbankingnews.com

Topgolf Callaway Brands Corp. (NYSE:MODG) Receives Average Recommendation of "Moderate Buy" from Brokerages

October 4, 2023 | Chaikin Analytics (Ad)

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September 28, 2023 | markets.businessinsider.com

Positive Outlook for Topgolf Callaway Despite Golf Ball Supply Concerns: A Buy Rating Reiteration with a $31 Price Target

September 24, 2023 | msn.com

Topgolf Callaway Brands: Robust Financial Performance, Future Growth Driven By Changing Demographics

September 13, 2023 | msn.com

JP Morgan Maintains Topgolf Callaway Brands (MODG) Overweight Recommendation

September 13, 2023 | markets.businessinsider.com

Analyst Ratings for Topgolf Callaway Brands

September 1, 2023 | finance.yahoo.com

Is Now The Time To Look At Buying Topgolf Callaway Brands Corp. (NYSE:MODG)?

August 31, 2023 | finance.yahoo.com

ELYSIAN PARK VENTURES & PGA OF AMERICA ANNOUNCE FIRST CLOSE OF EP GOLF VENTURES FUND I

August 30, 2023 | finance.yahoo.com

TOPGOLF CALLAWAY BRANDS TO ATTEND J.P. MORGAN'S ENDLESS SUMMER RESTAURANT & LIFESTYLES FORUM

August 30, 2023 | markets.businessinsider.com

B.Riley Financial Sticks to Its Buy Rating for Topgolf Callaway Brands (MODG)

August 22, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Lowe’s (LOW) and Topgolf Callaway Brands (MODG)

August 13, 2023 | dallasnews.com

Motley Fool: Interest in sport drives growth for Topgolf Callaway Brands

August 12, 2023 | nasdaq.com

Goldman Sachs Maintains Topgolf Callaway Brands (MODG) Neutral Recommendation

August 12, 2023 | msn.com

Topgolf Callaway Brands: Attractive Play Considering Rising Interest In Off-Course Golfing

August 12, 2023 | markets.businessinsider.com

Where Topgolf Callaway Brands Stands With Analysts

August 11, 2023 | seekingalpha.com

Topgolf Callaway Brands: An Initial Assessment

August 10, 2023 | seekingalpha.com

Topgolf Callaway Brands Corp. 2023 Q2 - Results - Earnings Call Presentation

August 9, 2023 | finanznachrichten.de

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

August 9, 2023 | finance.yahoo.com

TOPGOLF CALLAWAY BRANDS ANNOUNCES SECOND QUARTER 2023 RESULTS

August 9, 2023 | finance.yahoo.com

Q2 2023 Topgolf Callaway Brands Corp Earnings Call

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MODG Company Calendar

Last Earnings: 8/08/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $25.90
High Stock Price Forecast: $38.00
Low Stock Price Forecast: $12.00
Forecasted Upside/Downside: +91.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.53
Trailing P/E Ratio: 25.47
Forward P/E Ratio: 20.77
P/E Growth: 1.53
Net Income: $157.90 million
Net Margins: 2.58%
Pretax Margin: 1.31%
Return on Equity: 2.74%
Return on Assets: 1.21%

Debt

Debt-to-Equity Ratio: 0.39
Current Ratio: 1.78
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $4.00 billion
Price / Sales: 0.63
Cash Flow: $2.40 per share
Price / Cash Flow: 5.62
Book Value: $20.42 per share
Price / Book: 0.66

Miscellaneous

Outstanding Shares: 185,480,000
Free Float: 163,275,000
Market Cap: $2.50 billion
Optionable: Optionable
Beta: 1.80

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Key Executives

Mr. Oliver G. Brewer III (Age 59)
Pres, CEO & Director
Comp: $3.74M

Mr. Brian P. Lynch (Age 61)
Exec. VP, Chief Legal Officer & CFO
Comp: $1.65M

Mr. Mark F. Leposky (Age 58)
Exec. VP & Chief Supply Chain Officer
Comp: $1.27M

Mr. Glenn F. Hickey (Age 61)
Exec. VP of Callaway Golf
Comp: $1.27M

Mr. Arthur Francis Starrs III (Age 46)
Chief Exec. Officer of Topgolf International
Comp: $2.04M

Ms. Jennifer Thomas (Age 47)
Sr. VP & Chief Accounting Officer

Lauren Scott
Director of Investor Relations

Ms. Rebecca A. Fine (Age 60)
Exec. VP & Chief People Officer

Mr. Neil Howie (Age 60)
MD & Pres of Europe, Middle East & Africa

Sean Toulon
Sr. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MODG Stock - Frequently Asked Questions

Should I buy or sell Topgolf Callaway Brands stock right now?: 9 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, 1 hold rating and 7 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 forecast for 2023?: 9 Wall Street research analysts have issued 12-month price targets for Topgolf Callaway Brands' shares. Their MODG share price forecasts range from $12.00 to $38.00. On average, they anticipate the company's share price to reach $25.90 in the next twelve months. This suggests a possible upside of 91.9% 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 beginning of the year. Since then, MODG stock has decreased by 31.6% and is now trading at $13.50.
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, November 2nd 2023.
View our MODG earnings forecast.
How were Topgolf Callaway Brands' earnings last quarter?: Topgolf Callaway Brands Corp. (NYSE:MODG) issued its earnings results on Tuesday, August, 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.19 billion. Topgolf Callaway Brands had a trailing twelve-month return on equity of 2.74% and a net margin of 2.58%.
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 FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $0.63-$0.69 for the period, compared to the consensus EPS estimate of $0.65. The company issued revenue guidance of $4.42 billion-$4.47 billion, compared to the consensus revenue estimate of $4.45 billion.
What is Topgolf Callaway Brands' stock symbol?: Topgolf Callaway Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "MODG."
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.
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What is Topgolf Callaway Brands' stock price today?: One share of MODG stock can currently be purchased for approximately $13.50.
How much money does Topgolf Callaway Brands make?: Topgolf Callaway Brands (NYSE:MODG) has a market capitalization of $2.50 billion and generates $4.00 billion in revenue each year. The company earns $157.90 million in net income (profit) each year or $0.53 on an earnings per share basis.
How many employees does Topgolf Callaway Brands have?: The company employs 32,000 workers across the globe.
How can I contact Topgolf Callaway Brands?: Topgolf Callaway Brands' mailing address is 2180 RUTHERFORD RD, CARLSBAD CA, 92008. The official website for the company is www.callawaygolf.com. The company can be reached via phone at (760) 931-1771, via email at invrelations@callawaygolf.com, or via fax at 760-931-8013.

This page (NYSE:MODG) was last updated on 10/4/2023 by MarketBeat.com Staff

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