Topgolf Callaway Brands Corp. (NYSE:MODG) Given Consensus Rating of “Hold” by Brokerages

Topgolf Callaway Brands Corp. (NYSE:MODG) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.50.

A number of brokerages recently commented on MODG. Wall Street Zen upgraded Topgolf Callaway Brands from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Truist Financial lifted their price objective on shares of Topgolf Callaway Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. B. Riley restated a “neutral” rating and issued a $11.00 target price (up previously from $9.50) on shares of Topgolf Callaway Brands in a research report on Monday. Zacks Research lowered shares of Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Morgan Stanley assumed coverage on Topgolf Callaway Brands in a report on Friday, July 18th. They set an “equal weight” rating and a $9.50 price target on the stock.

Topgolf Callaway Brands Stock Down 1.8%

Shares of NYSE:MODG opened at $10.36 on Wednesday. The company’s fifty day moving average is $9.44 and its two-hundred day moving average is $8.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.85. Topgolf Callaway Brands has a 1-year low of $5.42 and a 1-year high of $10.98. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -1.27 and a beta of 1.19.

Topgolf Callaway Brands (NYSE:MODG) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.16. The business had revenue of $465.30 million during the quarter, compared to analyst estimates of $903.96 million. Topgolf Callaway Brands had a negative net margin of 36.08% and a positive return on equity of 0.37%. The company’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. Topgolf Callaway Brands has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that Topgolf Callaway Brands will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MODG. Signaturefd LLC increased its holdings in shares of Topgolf Callaway Brands by 1,669.0% during the second quarter. Signaturefd LLC now owns 3,078 shares of the company’s stock valued at $25,000 after purchasing an additional 2,904 shares during the period. Smartleaf Asset Management LLC grew its position in Topgolf Callaway Brands by 42.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,893 shares of the company’s stock valued at $37,000 after buying an additional 1,157 shares in the last quarter. GAMMA Investing LLC acquired a new position in Topgolf Callaway Brands during the 2nd quarter valued at about $36,000. CWM LLC raised its position in shares of Topgolf Callaway Brands by 124.0% during the 2nd quarter. CWM LLC now owns 4,679 shares of the company’s stock worth $38,000 after buying an additional 2,590 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Topgolf Callaway Brands by 24.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,275 shares of the company’s stock worth $51,000 after buying an additional 1,240 shares in the last quarter. Institutional investors own 84.69% of the company’s stock.

Topgolf Callaway Brands Company Profile

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.