Topgolf Callaway Brands (NYSE:MODG) Shares Up 4% – Time to Buy?

Shares of Topgolf Callaway Brands Corp. (NYSE:MODG) traded up 4% during mid-day trading on Thursday . The stock traded as high as $9.94 and last traded at $9.7350. 1,006,568 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 2,793,430 shares. The stock had previously closed at $9.36.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MODG shares. UBS Group assumed coverage on Topgolf Callaway Brands in a report on Friday, October 17th. They set a “neutral” rating and a $10.00 target price for the company. Wall Street Zen upgraded shares of Topgolf Callaway Brands from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research lowered shares of Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Truist Financial raised their price target on shares of Topgolf Callaway Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $11.00 target price (up previously from $9.50) on shares of Topgolf Callaway Brands in a report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.06.

Topgolf Callaway Brands Price Performance

The company’s 50-day moving average is $9.60 and its 200-day moving average is $8.78. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -1.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.25.

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

Institutional Investors Weigh In On Topgolf Callaway Brands

Institutional investors have recently bought and sold shares of the business. Hill Path Capital LP purchased a new position in Topgolf Callaway Brands in the 2nd quarter worth approximately $37,722,000. Marshall Wace LLP lifted its holdings in Topgolf Callaway Brands by 10,113.7% in the 2nd quarter. Marshall Wace LLP now owns 4,691,786 shares of the company’s stock worth $37,769,000 after buying an additional 4,645,850 shares in the last quarter. American Century Companies Inc. boosted its position in Topgolf Callaway Brands by 87.1% in the 3rd quarter. American Century Companies Inc. now owns 2,459,932 shares of the company’s stock valued at $23,369,000 after buying an additional 1,144,993 shares during the last quarter. Long Focus Capital Management LLC increased its position in shares of Topgolf Callaway Brands by 44.8% during the first quarter. Long Focus Capital Management LLC now owns 2,950,844 shares of the company’s stock worth $19,446,000 after acquiring an additional 912,844 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Topgolf Callaway Brands by 36.7% in the second quarter. Balyasny Asset Management L.P. now owns 2,528,734 shares of the company’s stock valued at $20,356,000 after purchasing an additional 678,822 shares during the last quarter. 84.69% of the stock is currently owned by hedge funds and other institutional investors.

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.