2 weeks Ago By ABMN Staff
Invesco Ltd. increased its position in shares of Topgolf Callaway Brands Corp. ( NYSE:MODG – Free Report ) by 41.
9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,591,742 shares of the company’s stock after acquiring an additional 469,728 shares during the quarter. Invesco Ltd.
’s holdings in Topgolf Callaway Brands were worth $12,511,000 as of its most recent filing with the SEC. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc.
grew its position in shares of Topgolf Callaway Brands by 1.4% in the fourth quarter. Vanguard Group Inc.
now owns 15,860,996 shares of the company’s stock valued at $124,667,000 after purchasing an additional 224,578 shares during the period. Geode Capital Management LLC grew its holdings in Topgolf Callaway Brands by 0.7% in the 3rd quarter.
Geode Capital Management LLC now owns 3,255,232 shares of the company’s stock valued at $35,749,000 after buying an additional 22,003 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Topgolf Callaway Brands by 14.
6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,286,719 shares of the company’s stock valued at $17,974,000 after acquiring an additional 291,052 shares during the last quarter.
Alliancebernstein L.P. lifted its holdings in shares of Topgolf Callaway Brands by 97.
6% during the 4th quarter. Alliancebernstein L.P.
now owns 2,152,565 shares of the company’s stock worth $16,919,000 after acquiring an additional 1,063,033 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Topgolf Callaway Brands by 14.
7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,886,496 shares of the company’s stock valued at $14,828,000 after purchasing an additional 241,755 shares during the period.
84.69% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes MODG has been the topic of a number of research analyst reports.
Jefferies Financial Group upgraded shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating and lifted their price target for the company from $11.00 to $13.00 in a report on Thursday, January 2nd.
JPMorgan Chase & Co. lowered their price target on Topgolf Callaway Brands from $11.00 to $9.
00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Truist Financial reduced their price objective on Topgolf Callaway Brands from $12.00 to $7.
00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Roth Mkm restated a “buy” rating and issued a $11.00 price target (down previously from $16.
00) on shares of Topgolf Callaway Brands in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.
00. Topgolf Callaway Brands Trading Up 3.1 % MODG opened at $6.
38 on Tuesday. The firm’s 50 day moving average is $6.46 and its 200-day moving average is $7.
92. Topgolf Callaway Brands Corp. has a 52-week low of $5.
42 and a 52-week high of $16.89. The company has a quick ratio of 1.
14, a current ratio of 1.93 and a debt-to-equity ratio of 0.37.
The firm has a market capitalization of $1.17 billion, a P/E ratio of -79.74 and a beta of 1.
47. Topgolf Callaway Brands ( NYSE:MODG – Get Free Report ) last released its quarterly earnings results on Monday, February 24th. The company reported ($0.
33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.07.
The firm had revenue of $924.40 million for the quarter, compared to the consensus estimate of $1.13 billion.
Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%.
Analysts expect that Topgolf Callaway Brands Corp. will post 0.16 EPS for the current fiscal year.
Topgolf Callaway Brands Company 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.
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