JP Morgan resumed coverage on Callaway Golf with a new price target
$ELY
Recreational Games/Products/Toys
Consumer Discretionary
JP Morgan resumed coverage of Callaway Golf with a rating of Overweight and set a new price target of $30.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2022 | $30.00 | Overweight | JP Morgan |
| 3/7/2022 | $27.00 → $31.00 | Neutral | Goldman Sachs |
| 2/11/2022 | $40.00 → $35.00 | Outperform | Raymond James |
| 12/14/2021 | $29.00 | Neutral | Goldman Sachs |
| 11/16/2021 | $45.00 | Buy | B of A Securities |
| 11/11/2021 | $38.00 → $40.00 | Overweight | Keybanc |
| 11/10/2021 | $49.00 → $60.00 | Buy | Jefferies |
| 11/10/2021 | $38.00 → $40.00 | Outperform | Raymond James |
Callaway Golf Co (NASDAQ:ELY) is getting a new name. The Carlsbad, California-based golf equipment manufacturer and TopGolf owner will formally change its name to Topgolf Callaway Brands Corp. to reflect the company’s current holdings and change its ticker to MODG (Modern Golf). Callaway says the name change reflects the Company's dynamic brand portfolio that reaches beyond golf club equipment after Callaway merged with Topgolf in 2021 “and reaches across the full Modern Golf and active lifestyle ecosystem, including on- and off-course golf.” Callaway has recently acquired several brands alongside Topgolf, including TravisMathew, Jack Wolfskin, and OGIO. The new name aims to help better
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JP Morgan resumed coverage of Callaway Golf with a rating of Overweight and set a new price target of $30.00
Goldman Sachs reiterated coverage of Callaway Golf with a rating of Neutral and set a new price target of $31.00 from $27.00 previously
Raymond James reiterated coverage of Callaway Golf with a rating of Outperform and set a new price target of $35.00 from $40.00 previously
CARLSBAD, Calif., Sept. 7, 2022 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE:MODG) ("Topgolf Callaway Brands" or the "Company") announced today that it will be attending the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022 in New York, NY. The Company's presentation materials can be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com. About Topgolf Callaway Brands Corp. Topgolf Callaway Brands Corp. (NYSE:MODG) is an unrivaled tech-enabled Modern Golf and active lifestyle company delivering leading golf equipment, apparel, and entertainment, with a portfolio of global brands including Topgolf, Ca
Company to change ticker to MODG, reflecting its leadership in the much larger, more dynamic and inclusive Modern Golf ecosystem CARLSBAD, Calif. , Aug. 24, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) (the "Company") announced today plans to change its corporate name to Topgolf Callaway Brands Corp. ("Topgolf Callaway Brands"). Following the Company's merger with Topgolf in 2021, the name change reflects the Company's dynamic brand portfolio that has unmatched scale and reach across the full Modern Golf and active lifestyle ecosystem, including on- and off-course golf. "We are excited to introduce Topgolf Callaway Brands, which better acknowledges our long-term strategic path forwa
Second Quarter Revenue Increase Driven by Strong Demand and Strength Across All Segments Topgolf Delivers 8% Growth in Same Venue Sales Compared to 2019 Q2 2022 consolidated net revenues increased $202.1 million to $1,115.7 million, an increase of 22.1% compared to Q2 2021Q2 2022 GAAP net income of $105.4 million and non-GAAP net income of $93.5 millionQ2 2022 Adjusted EBITDA increased $42.8 million to $207.3 million, an increase of 26.0% compared to Q2 2021Increased full year 2022 revenue outlook to $3,945 million - $3,970 million and Adjusted EBITDA outlook to $555 million - $565 millionCARLSBAD, Calif., Aug. 4, 2022 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE
Second Quarter Revenue Increase Driven by Strong Demand and Strength Across All Segments Topgolf Delivers 8% Growth in Same Venue Sales Compared to 2019 Q2 2022 consolidated net revenues increased $202.1 million to $1,115.7 million, an increase of 22.1% compared to Q2 2021Q2 2022 GAAP net income of $105.4 million and non-GAAP net income of $93.5 millionQ2 2022 Adjusted EBITDA increased $42.8 million to $207.3 million, an increase of 26.0% compared to Q2 2021Increased full year 2022 revenue outlook to $3,945 million - $3,970 million and Adjusted EBITDA outlook to $555 million - $565 millionCARLSBAD, Calif., Aug. 4, 2022 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE
CARLSBAD, Calif., July 28, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) (the "Company" or "Callaway") announced today that it will release its second quarter 2022 financial results on Thursday afternoon, August 4, 2022. The Company will subsequently hold a conference call with financial analysts and investors at 2:00 p.m. PDT that same day to review the results and discuss the Company's business and outlook. The call will be broadcast live over the internet and can be accessed via the Callaway Investor Relations website at http://ir.callawaygolf.com/. A replay of the conference call will be available approximately two hours after the conclusion of the event. The replay may be access
First Quarter Revenue Increase Driven by Strong Demand, Improved Supply and Strength Across All Segments Topgolf Delivers Positive 2.3% Same Venue Sales Growth Compared to 2019 Q1 2022 consolidated net revenues increased $388.6 million (+59.6% compared to Q1 2021) to $1,040.2 millionQ1 2022 GAAP net income of $86.7 million and non-GAAP net income of $70.9 millionQ1 2022 total segment operating income margin improved 140 basis points on a pro forma basis, which includes Topgolf results for the full three-month period (see "Segment Results" below for pro forma results)Q1 2022 Adjusted EBITDA increased $42.0 million (+32.9% compared to Q1 2021) to $169.8 millionIncreased full year 2022 revenue
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
8-K - Topgolf Callaway Brands Corp. (0000837465) (Filer)
10-Q - Topgolf Callaway Brands Corp. (0000837465) (Filer)
8-K - Topgolf Callaway Brands Corp. (0000837465) (Filer)
SC 13G/A - CALLAWAY GOLF CO (0000837465) (Subject)
SC 13D/A - CALLAWAY GOLF CO (0000837465) (Subject)
SC 13D/A - CALLAWAY GOLF CO (0000837465) (Subject)