Topgolf Callaway Brands (NYSE:MODG) Shares Down 8.2% – What’s Next?

Topgolf Callaway Brands Corp. (NYSE:MODG) shares fell 8.2% during trading on Wednesday . The stock traded as low as $9.58 and last traded at $9.4440. 706,810 shares changed hands during trading, a decline of 75% from the average session volume of 2,784,929 shares. The stock had previously closed at $10.29.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MODG. Truist Financial raised their price target on shares of Topgolf Callaway Brands from $10.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. raised their target price on Topgolf Callaway Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Topgolf Callaway Brands in a research report on Monday. B. Riley reiterated a “neutral” rating and set a $11.00 price target (up previously from $9.50) on shares of Topgolf Callaway Brands in a research note on Monday, November 10th. Finally, Wall Street Zen raised Topgolf Callaway Brands from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.69.

Topgolf Callaway Brands Price Performance

The company has a market cap of $1.74 billion, a P/E ratio of -1.16 and a beta of 1.19. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.85. The stock has a 50-day simple moving average of $9.59 and a 200 day simple moving average of $8.78.

Topgolf Callaway Brands (NYSE:MODG) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.16. The company had revenue of $465.30 million during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. Topgolf Callaway Brands has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts expect that Topgolf Callaway Brands Corp. will post 0.16 EPS for the current year.

Institutional Trading of Topgolf Callaway Brands

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Topgolf Callaway Brands by 1.9% in the third quarter. Vanguard Group Inc. now owns 14,713,227 shares of the company’s stock valued at $139,776,000 after buying an additional 271,394 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Topgolf Callaway Brands by 11.7% during the third quarter. Marshall Wace LLP now owns 5,238,690 shares of the company’s stock worth $49,768,000 after purchasing an additional 546,904 shares during the last quarter. Hill Path Capital LP bought a new stake in shares of Topgolf Callaway Brands during the second quarter worth $37,722,000. Alliancebernstein L.P. increased its stake in shares of Topgolf Callaway Brands by 6.4% in the third quarter. Alliancebernstein L.P. now owns 2,993,494 shares of the company’s stock valued at $28,438,000 after buying an additional 179,202 shares in the last quarter. Finally, Long Focus Capital Management LLC raised its holdings in shares of Topgolf Callaway Brands by 44.8% in the first quarter. Long Focus Capital Management LLC now owns 2,950,844 shares of the company’s stock valued at $19,446,000 after buying an additional 912,844 shares during the last quarter. Institutional investors and hedge funds 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.