Stifel Financial Corp Has $118,000 Position in Callaway Golf Company (NYSE:ELY)
Stifel Financial Corp decreased its position in shares of Callaway Golf Company (NYSE:ELY) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,813 shares of the company’s stock after selling 1,000 shares during the period. Stifel Financial Corp’s holdings in Callaway Golf were worth $118,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its position in Callaway Golf by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 10,440 shares of the company’s stock valued at $115,000 after buying an additional 260 shares in the last quarter. Tudor Investment Corp Et Al purchased a new position in shares of Callaway Golf during the fourth quarter worth about $149,000. First Citizens Bank & Trust Co. purchased a new position in shares of Callaway Golf during the first quarter worth about $169,000. Suntrust Banks Inc. boosted its position in shares of Callaway Golf by 2.5% in the first quarter. Suntrust Banks Inc. now owns 18,036 shares of the company’s stock worth $199,000 after buying an additional 441 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Callaway Golf by 0.4% in the fourth quarter. AQR Capital Management LLC now owns 19,804 shares of the company’s stock worth $217,000 after buying an additional 77 shares during the period. 86.26% of the stock is currently owned by institutional investors.
Callaway Golf Company (ELY) traded up 8.26% on Friday, reaching $13.50. 3,842,350 shares of the company traded hands. The stock’s 50 day moving average price is $12.56 and its 200 day moving average price is $11.80. The company has a market capitalization of $1.27 billion, a PE ratio of 7.30 and a beta of 1.20. Callaway Golf Company has a one year low of $9.77 and a one year high of $13.70.
Callaway Golf (NYSE:ELY) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Callaway Golf had a net margin of 19.56% and a return on equity of 7.33%. The firm had revenue of $304.50 million during the quarter, compared to analyst estimates of $295.70 million. During the same period in the previous year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, equities research analysts predict that Callaway Golf Company will post $0.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. Callaway Golf’s dividend payout ratio is presently 2.16%.
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A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Callaway Golf from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Morgan Stanley lowered shares of Callaway Golf from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 17th. Imperial Capital lifted their price target on shares of Callaway Golf from $13.00 to $14.50 and gave the stock an “outperform” rating in a report on Tuesday, May 23rd. FBR & Co lifted their target price on shares of Callaway Golf from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 21st. Finally, BidaskClub raised shares of Callaway Golf from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.38.
In related news, Director Anthony S. Thornley sold 10,698 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $12.75, for a total value of $136,399.50. Following the transaction, the director now owns 49,790 shares of the company’s stock, valued at $634,822.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Neil Howie sold 37,069 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $13.10, for a total transaction of $485,603.90. The disclosure for this sale can be found here. Insiders sold 77,971 shares of company stock valued at $1,004,990 over the last quarter. Company insiders own 2.59% of the company’s stock.
About Callaway Golf
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs.
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