Topgolf Callaway Brands (NYSE:MODG) Sets New 1-Year High – What’s Next?

Topgolf Callaway Brands Corp. (NYSE:MODG)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $11.60 and last traded at $11.2170, with a volume of 4863270 shares changing hands. The stock had previously closed at $10.58.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of Topgolf Callaway Brands from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Topgolf Callaway Brands in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased 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 report on Wednesday. Zacks Research downgraded Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen upgraded Topgolf Callaway Brands from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.69.

Topgolf Callaway Brands Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.85. The stock has a 50 day moving average of $9.54 and a 200 day moving average of $8.71. The stock has a market capitalization of $2.08 billion, a P/E ratio of -1.39 and a beta of 1.19.

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

Institutional Investors Weigh In On Topgolf Callaway Brands

Several large investors have recently made changes to their positions in MODG. Signaturefd LLC increased its position in Topgolf Callaway Brands by 1,669.0% in the 2nd quarter. Signaturefd LLC now owns 3,078 shares of the company’s stock valued at $25,000 after acquiring an additional 2,904 shares during the period. Johnson Financial Group Inc. increased its holdings in shares of Topgolf Callaway Brands by 5,092.9% during the third quarter. Johnson Financial Group Inc. now owns 3,635 shares of the company’s stock valued at $35,000 after purchasing an additional 3,565 shares during the period. GAMMA Investing LLC bought a new stake in shares of Topgolf Callaway Brands during the second quarter valued at about $36,000. Smartleaf Asset Management LLC lifted its holdings in Topgolf Callaway Brands by 42.3% in the third quarter. Smartleaf Asset Management LLC now owns 3,893 shares of the company’s stock worth $37,000 after purchasing an additional 1,157 shares during the period. Finally, CWM LLC grew its position 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. Institutional investors and hedge funds own 84.69% of the company’s stock.

About Topgolf Callaway Brands

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.