2 weeks Ago By ABMN Staff
Topgolf Callaway Brands Corp. ( NYSE:MODG – Get Free Report ) has been given an average rating of “Hold” by the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company.
The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $14.92. A number of equities research analysts have recently commented on the company.
Roth Mkm reiterated a “buy” rating and set a $16.00 target price (down from $17.00) on shares of Topgolf Callaway Brands in a research note on Thursday, November 14th.
Raymond James lowered shares of Topgolf Callaway Brands from an “outperform” rating to an “underperform” rating in a research report on Friday, August 23rd. Jefferies Financial Group downgraded shares of Topgolf Callaway Brands from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $12.
00 in a research report on Thursday, August 29th. KeyCorp cut shares of Topgolf Callaway Brands from an “overweight” rating to a “sector weight” rating in a report on Thursday, August 8th. Finally, TD Cowen reduced their price objective on Topgolf Callaway Brands from $13.
00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, September 17th. Check Out Our Latest Analysis on MODG Topgolf Callaway Brands Stock Performance Institutional Inflows and Outflows A number of hedge funds have recently added to or reduced their stakes in MODG.
Leonard Green & Partners L.P. purchased a new stake in shares of Topgolf Callaway Brands in the second quarter worth about $97,173,000.
Dimensional Fund Advisors LP lifted its stake in Topgolf Callaway Brands by 21.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,646,731 shares of the company’s stock worth $132,296,000 after purchasing an additional 1,549,222 shares in the last quarter.
American Century Companies Inc. boosted its holdings in Topgolf Callaway Brands by 60.8% in the 2nd quarter.
American Century Companies Inc. now owns 3,178,681 shares of the company’s stock valued at $48,634,000 after purchasing an additional 1,202,347 shares during the period. Granite Investment Partners LLC bought a new position in Topgolf Callaway Brands in the 2nd quarter valued at $13,757,000.
Finally, Harbor Capital Advisors Inc. grew its position in shares of Topgolf Callaway Brands by 115.5% during the 3rd quarter.
Harbor Capital Advisors Inc. now owns 1,644,741 shares of the company’s stock valued at $18,059,000 after purchasing an additional 881,535 shares in the last quarter. Hedge funds and other institutional investors own 84.
69% of the company’s stock. About Topgolf Callaway Brands ( Get 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. Read More 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.com's FREE daily email newsletter .
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