Callaway Golf Company (NYSE:ELY) Valuation According To Analysts

Annette Crawford
October 21, 2017

The latest exchange of 0.43 Million shares is below its average trading activity of 947.34 Million shares. The stock declined 0.40% or $0.43 reaching $107.66 on the news. About 549,314 shares traded. It is down 8.47% since October 20, 2016 and is uptrending. It has outperformed by 8.25% the S&P500. Morgan Stanley reported 0% in Callaway Golf Co (NYSE:ELY). Municipal Employees Retirement System of MI lifted its position in shares of Callaway Golf by 1.3% during the 1st quarter. The Sumitomo Mitsui Trust Holdings Inc holds 474,935 shares with $43.46 million value, up from 447,070 last quarter. Callaway Golf now has $1.36B valuation. They now have a Dollars 14 price target on the stock.

About 120,391 shares traded. Callaway Golf Co (NYSE:ELY) has risen 39.56% since October 19, 2016 and is uptrending. It has outperformed by 22.86% the S&P500. Corporate insiders own 2.59% of the company's stock.

Additionally Callaway Golf Company recently declared a dividend for shareholders paid on Tuesday September 12th, 2017. Therefore 20% are positive. Out of 2 Wall Street analysts rating Callaway Golf, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Imperial Capital initiated it with "Outperform" rating and $12 target in Tuesday, March 15 report. The rating was maintained by Roth Capital on Thursday, September 28 with "Buy". Aegis started coverage on Callaway Golf in a research note on Friday, August 25th. They now have a United States dollars 16 price target on the stock. Old Bank In holds 20,454 shares. The firm has "Buy" rating by Wunderlich given on Monday, May 23.

Other analysts also recently issued research reports about the company.

11/04/2016 - Callaway Golf Company had its "buy" rating reiterated by analysts at Jefferies. Shares for $136,440 were sold by THORNLEY ANTHONY S on Monday, May 8. 37,069 shares were sold by Howie Neil, worth $485,700.

In other Callaway Golf news, insider Jennifer L. Thomas sold 19,349 shares of the firm's stock in a transaction dated Thursday, August 31st. The replay will be available through 9:00 p.m. PDT on Wednesday, November 1, 2017. Its up 0.42, from 1.02 in 2017Q1. 47 funds opened positions while 64 raised stakes. Us Savings Bank De accumulated 135,781 shares. Thrivent Fincl For Lutherans stated it has 269,364 shares. Ameritas Investment Partners Inc reported 0.01% of its portfolio in Callaway Golf Co (NYSE:ELY). Adirondack Rech owns 489,772 shares. Moreover, Wells Fargo & Mn has 0.01% invested in Callaway Golf Co (NYSE:ELY).

Callaway Golf Company to Broadcast Third Quarter 2017 Financial Results. 2,823 are held by Zurcher Kantonalbank (Zurich Cantonalbank). The company's institutional ownership is monitored at 7.7 percent. Eaton Vance Mgmt holds 8,524 shares or 0% of its portfolio. Monarch Partners Asset Management Lc stated it has 524,605 shares or 0.66% of all its holdings.

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.04, from 0.89 in 2017Q1. 68 funds opened positions while 169 raised stakes. 274.21 million shares or 0.36% more from 273.22 million shares in 2017Q1 were reported. The corporation has a market cap of US$3.91 Billion. Amica Pension Fund Board Of Trustees invested in 0.07% or 5,953 shares. Chicago Equity Prns Ltd Liability Company reported 50,040 shares. Capital One National Association, a New York-based fund reported 41,447 shares. New York-based Blackrock has invested 0.01% in Callaway Golf Co (NYSE:ELY). California Employees Retirement holds 411,138 shares. West Family Investments owns 125,220 shares for 3.64% of their portfolio. North Star Corp owns 860 shares for 0.02% of their portfolio. Prescott Group Cap Management Ltd reported 95,000 shares. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company was maintained on Tuesday, June 6 by Jefferies. The stock has "Hold" rating by Drexel Hamilton on Thursday, July 27. The stock has "Underperform" rating by Needham on Friday, January 6. Forward View Consulting has "Hold" rating and $1400 target. The firm has "Hold" rating given on Monday, October 2 by Needham.

Since May 5, 2017, it had 0 insider buys, and 4 sales for $1.40 million activity. Scannell Timothy J had sold 13,322 shares worth $1.81M on Monday, May 1. Bell Bobby R sold $572,575 worth of stock. KENNEDY KEVIN had sold 2,500 shares worth $247,727. On average, equities analysts expect that Callaway Golf Company will post $0.44 earnings per share for the current year. AUO's profit would be $278.77 million giving it 3.56 P/E if the $0.29 EPS is correct. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.05.

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