Legal & General Group Plc increased its holdings in shares of Callaway Golf Co (NYSE:ELY) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 211,084 shares of the company’s stock after acquiring an additional 4,925 shares during the quarter. Legal & General Group Plc owned about 0.22% of Callaway Golf worth $5,118,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC bought a new position in Callaway Golf in the 3rd quarter valued at about $201,000. Everence Capital Management Inc. bought a new position in Callaway Golf in the 3rd quarter valued at about $211,000. Ibex Investors LLC bought a new position in Callaway Golf in the 3rd quarter valued at about $218,000. Bank of The West bought a new position in Callaway Golf in the 3rd quarter valued at about $234,000. Finally, We Are One Seven LLC bought a new position in Callaway Golf in the 3rd quarter valued at about $255,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Callaway Golf stock opened at $16.33 on Friday. The company has a market cap of $1.57 billion, a P/E ratio of 30.81, a P/E/G ratio of 0.61 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.14 and a current ratio of 2.28. Callaway Golf Co has a 1 year low of $13.75 and a 1 year high of $24.67.
Callaway Golf (NYSE:ELY) last announced its quarterly earnings results on Wednesday, October 24th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.09. Callaway Golf had a net margin of 9.08% and a return on equity of 16.48%. The company had revenue of $262.65 million for the quarter, compared to analyst estimates of $250.83 million. Equities research analysts forecast that Callaway Golf Co will post 1.05 EPS for the current year.
ELY has been the topic of several recent analyst reports. ValuEngine lowered shares of Callaway Golf from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Jefferies Financial Group reissued a “buy” rating and issued a $26.00 target price on shares of Callaway Golf in a report on Monday, October 29th. JPMorgan Chase & Co. initiated coverage on shares of Callaway Golf in a report on Thursday, December 20th. They issued a “hold” rating and a $23.00 target price on the stock. B. Riley set a $30.00 target price on shares of Callaway Golf and gave the company a “buy” rating in a report on Sunday, December 2nd. Finally, Zacks Investment Research raised shares of Callaway Golf from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $22.42.
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About Callaway Golf
Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.
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