Callaway Golf Company (NYSE:ELY) insider Jennifer L. Thomas sold 8,503 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $14.95, for a total transaction of $127,119.85. Following the sale, the insider now owns 28,143 shares of the company’s stock, valued at $420,737.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Callaway Golf Company (NYSE ELY) opened at $14.00 on Friday. The firm has a market cap of $1,323.50, a PE ratio of 27.45, a PEG ratio of 1.83 and a beta of 1.10. Callaway Golf Company has a 1 year low of $9.93 and a 1 year high of $15.63.
Callaway Golf (NYSE:ELY) last released its earnings results on Wednesday, October 25th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.09. The firm had revenue of $243.60 million for the quarter, compared to the consensus estimate of $209.52 million. Callaway Golf had a net margin of 17.97% and a return on equity of 7.88%. The company’s revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) EPS. analysts predict that Callaway Golf Company will post 0.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 22nd will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Tuesday, November 21st. Callaway Golf’s dividend payout ratio is presently 2.09%.
COPYRIGHT VIOLATION WARNING: “Insider Selling: Callaway Golf Company (NYSE:ELY) Insider Sells 8,503 Shares of Stock” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/12/callaway-golf-company-ely-insider-jennifer-l-thomas-sells-8503-shares.html.
A number of hedge funds have recently made changes to their positions in ELY. UBS Asset Management Americas Inc. grew its position in Callaway Golf by 59.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 32,421 shares of the company’s stock valued at $359,000 after purchasing an additional 12,124 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Callaway Golf during the 1st quarter valued at about $243,000. Arizona State Retirement System grew its position in Callaway Golf by 1.7% during the 1st quarter. Arizona State Retirement System now owns 49,282 shares of the company’s stock valued at $546,000 after purchasing an additional 800 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in Callaway Golf by 1.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 27,960 shares of the company’s stock valued at $310,000 after purchasing an additional 360 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its position in Callaway Golf by 26.2% during the 1st quarter. OppenheimerFunds Inc. now owns 60,371 shares of the company’s stock valued at $669,000 after purchasing an additional 12,539 shares during the last quarter. 88.92% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on the stock. B. Riley reiterated a “buy” rating on shares of Callaway Golf in a report on Wednesday, November 1st. Forward View restated a “hold” rating on shares of Callaway Golf in a report on Saturday, October 28th. Zacks Investment Research upgraded shares of Callaway Golf from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a report on Friday, October 27th. Jefferies Group LLC set a $19.00 price objective on shares of Callaway Golf and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, SunTrust Banks, Inc. upped their price objective on shares of Callaway Golf from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Callaway Golf currently has an average rating of “Buy” and a consensus price target of $15.67.
About Callaway Golf
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs.
Receive News & Ratings for Callaway Golf Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callaway Golf Company and related companies with MarketBeat.com's FREE daily email newsletter.