FineMark National Bank & Trust Decreases Stock Position in Topgolf Callaway Brands Corp. $MODG

FineMark National Bank & Trust reduced its holdings in shares of Topgolf Callaway Brands Corp. (NYSE:MODG) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 574,508 shares of the company’s stock after selling 25,500 shares during the quarter. FineMark National Bank & Trust’s holdings in Topgolf Callaway Brands were worth $4,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of Topgolf Callaway Brands by 1,669.0% in the second quarter. Signaturefd LLC now owns 3,078 shares of the company’s stock valued at $25,000 after purchasing an additional 2,904 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Topgolf Callaway Brands during the 2nd quarter worth approximately $36,000. CWM LLC lifted its stake in Topgolf Callaway Brands by 124.0% in the 2nd quarter. CWM LLC now owns 4,679 shares of the company’s stock valued at $38,000 after buying an additional 2,590 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Topgolf Callaway Brands by 24.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,275 shares of the company’s stock valued at $51,000 after buying an additional 1,240 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Topgolf Callaway Brands during the 2nd quarter valued at $53,000. Institutional investors and hedge funds own 84.69% of the company’s stock.

Topgolf Callaway Brands Trading Down 5.3%

MODG stock opened at $10.30 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -1.27 and a beta of 1.19. The business has a fifty day simple moving average of $9.59 and a 200-day simple moving average of $8.78. Topgolf Callaway Brands Corp. has a 52 week low of $5.42 and a 52 week high of $11.60.

Topgolf Callaway Brands (NYSE:MODG) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.16. The firm had revenue of $465.30 million during the quarter, compared to the consensus estimate of $903.96 million. Topgolf Callaway Brands had a positive return on equity of 0.37% and a negative net margin of 36.08%.The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. Topgolf Callaway Brands has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts expect that Topgolf Callaway Brands Corp. will post 0.16 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MODG. Weiss Ratings reissued a “sell (d-)” rating on shares of Topgolf Callaway Brands in a report on Monday. Truist Financial boosted their target price on shares of Topgolf Callaway Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. raised their price target on shares of Topgolf Callaway Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. B. Riley reiterated a “neutral” rating and set a $11.00 price target (up from $9.50) on shares of Topgolf Callaway Brands in a report on Monday, November 10th. Finally, Zacks Research lowered shares of Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.69.

Topgolf Callaway Brands Company Profile

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.