2 weeks Ago By Defense World Staff
Leonard Green & Partners L.P. acquired a new position in shares of Topgolf Callaway Brands Corp.
( NYSE:MODG – Free Report ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,351,182 shares of the company’s stock, valued at approximately $97,173,000. Topgolf Callaway Brands accounts for about 2.
1% of Leonard Green & Partners L.P.’s holdings, making the stock its 7th biggest position.
Leonard Green & Partners L.P. owned about 3.
46% of Topgolf Callaway Brands as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Topgolf Callaway Brands in the 4th quarter valued at about $10,467,000.
Harvest Investment Services LLC grew its stake in Topgolf Callaway Brands by 105.8% in the fourth quarter. Harvest Investment Services LLC now owns 66,585 shares of the company’s stock valued at $955,000 after acquiring an additional 34,225 shares during the period.
GM Advisory Group LLC increased its holdings in shares of Topgolf Callaway Brands by 29.9% during the fourth quarter. GM Advisory Group LLC now owns 72,300 shares of the company’s stock valued at $1,037,000 after acquiring an additional 16,635 shares in the last quarter.
Polen Capital Management LLC acquired a new position in shares of Topgolf Callaway Brands during the fourth quarter worth approximately $1,874,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Topgolf Callaway Brands by 4.9% in the 4th quarter.
CIBC Private Wealth Group LLC now owns 58,045 shares of the company’s stock worth $832,000 after purchasing an additional 2,730 shares in the last quarter. Institutional investors own 84.69% of the company’s stock.
Wall Street Analyst Weigh In MODG has been the subject of a number of recent research reports. Bank of America decreased their price target on shares of Topgolf Callaway Brands from $14.00 to $12.
00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Roth Mkm restated a “buy” rating and issued a $17.00 target price on shares of Topgolf Callaway Brands in a report on Thursday, September 5th.
Truist Financial dropped their price target on shares of Topgolf Callaway Brands from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.
Morgan Stanley decreased their price objective on Topgolf Callaway Brands from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Thursday, August 8th.
Finally, KeyCorp lowered Topgolf Callaway Brands from an “overweight” rating to a “sector weight” rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock presently has an average rating of “Hold” and a consensus target price of $16.00. Topgolf Callaway Brands Stock Performance Shares of Topgolf Callaway Brands stock opened at $10.
54 on Friday. The business’s fifty day simple moving average is $11.99 and its 200 day simple moving average is $14.
22. The company has a current ratio of 1.93, a quick ratio of 1.
15 and a debt-to-equity ratio of 0.37. Topgolf Callaway Brands Corp.
has a 12 month low of $9.05 and a 12 month high of $16.89.
The firm has a market capitalization of $1.94 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 6.
81 and a beta of 1.74. Topgolf Callaway Brands ( NYSE:MODG – Get Free Report ) last released its earnings results on Wednesday, August 7th.
The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.
14. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.
19 billion. Topgolf Callaway Brands had a return on equity of 2.07% and a net margin of 0.
50%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year.
During the same period in the previous year, the business posted $0.39 EPS. As a group, analysts anticipate that Topgolf Callaway Brands Corp.
will post 0.18 EPS for the current year. Topgolf Callaway Brands Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than Topgolf Callaway Brands Low PE Growth Stocks: Unlocking Investment Opportunities REITs on the Rise After Rate Cuts: Where to Invest Now What is a SEC Filing? Is Viking Therapeutics Ready For Another Surge? What Are Dividend Champions? How to Invest in the Champions AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks Receive News & Ratings for Topgolf Callaway Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topgolf Callaway Brands and related companies with MarketBeat.
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