Callaway Golf Company (NYSE:ELY) shares reached a new 52-week high on Tuesday . The stock traded as high as $14.14 and last traded at $14.14, with a volume of 197,813 shares. The stock had previously closed at $14.02.

ELY has been the topic of several recent analyst reports. BidaskClub lowered shares of Callaway Golf from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC set a $17.00 price objective on shares of Callaway Golf and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Aegis reaffirmed a “buy” rating on shares of Callaway Golf in a research note on Monday, September 4th. Imperial Capital reaffirmed an “outperform” rating and issued a $16.00 price target (up previously from $14.50) on shares of Callaway Golf in a research note on Wednesday, August 9th. Finally, Cowen and Company assumed coverage on shares of Callaway Golf in a research note on Wednesday, June 14th. They issued a “market perform” rating and a $14.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Callaway Golf presently has an average rating of “Buy” and a consensus target price of $15.15.

The stock’s 50 day moving average price is $13.34 and its 200-day moving average price is $12.41. The firm has a market cap of $1.33 billion, a P/E ratio of 7.82 and a beta of 1.18.

Callaway Golf (NYSE:ELY) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. The firm had revenue of $304.50 million during the quarter, compared to the consensus estimate of $295.70 million. Callaway Golf had a return on equity of 6.60% and a net margin of 18.09%. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. Analysts predict that Callaway Golf Company will post $0.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. Callaway Golf’s dividend payout ratio (DPR) is presently 2.20%.

In related news, SVP Alan Hocknell sold 57,138 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $13.30, for a total value of $759,935.40. Following the completion of the sale, the senior vice president now owns 115,045 shares in the company, valued at approximately $1,530,098.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Oliver G. Brewer III sold 131,884 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $13.31, for a total value of $1,755,376.04. Following the completion of the sale, the insider now owns 291,399 shares of the company’s stock, valued at approximately $3,878,520.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 281,113 shares of company stock valued at $3,792,388. Corporate insiders own 2.59% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ELY. Louisiana State Employees Retirement System lifted its position in Callaway Golf by 1.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the company’s stock worth $426,000 after buying an additional 700 shares during the last quarter. Wells Fargo & Company MN lifted its position in Callaway Golf by 6.7% in the 1st quarter. Wells Fargo & Company MN now owns 1,272,874 shares of the company’s stock worth $14,090,000 after buying an additional 79,764 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Callaway Golf by 6.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 132,248 shares of the company’s stock worth $1,462,000 after buying an additional 7,624 shares during the last quarter. First Trust Advisors LP lifted its position in Callaway Golf by 97.6% in the 1st quarter. First Trust Advisors LP now owns 124,061 shares of the company’s stock worth $1,373,000 after buying an additional 61,269 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Callaway Golf by 18.2% in the 1st quarter. Advisors Asset Management Inc. now owns 38,284 shares of the company’s stock worth $424,000 after buying an additional 5,886 shares during the last quarter. Institutional investors own 87.46% of the company’s stock.

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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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