IPO Year:
Exchange: NYSE
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/2/2025 | $11.00 → $13.00 | Hold → Buy | Jefferies |
10/17/2024 | $18.00 → $12.00 | Buy → Neutral | B. Riley Securities |
8/29/2024 | $40.00 → $12.00 | Buy → Hold | Jefferies |
8/23/2024 | Outperform → Underperform | Raymond James | |
8/8/2024 | $18.00 → $13.00 | Buy → Neutral | BofA Securities |
8/8/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
11/9/2023 | $23.00 → $13.00 | Overweight → Neutral | JP Morgan |
11/9/2023 | $13.00 | Overweight → Equal-Weight | Stephens |
9/27/2023 | $12.00 | Underweight | Morgan Stanley |
4/19/2023 | $27.00 | Overweight | KeyBanc Capital Markets |
SC 13G - Topgolf Callaway Brands Corp. (0000837465) (Subject)
SC 13G - Topgolf Callaway Brands Corp. (0000837465) (Subject)
SC 13G/A - Topgolf Callaway Brands Corp. (0000837465) (Subject)
Chamberlin joins Topgolf from PENN Entertainment Inc. DALLAS, July 18, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today that Erin Chamberlin has been named its new Chief Operating Officer beginning July 22. Chamberlin joins the company from PENN Entertainment Inc., the largest provider of gaming entertainment in North America, where she served as a Senior Vice President of Regional Operations since 2019. In her new role, Chamberlin will be responsible for Topgolf's globally owned and operated venue experience, including the Player experience, oper
The multiyear agreement brings with it co-promotional opportunities and select benefits for Cash App cardholders CARLSBAD, Calif., June 20, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE:MODG) is excited to announce it has entered into a multiyear strategic agreement with Visa, a world leader in digital payments, that extends across Topgolf Callaway's family of brands, including Topgolf, Callaway and TravisMathew. The partnership brings with it co-promotional opportunities and cardholder benefits that will kick off this summer with select Cash App Card offers at Topgolf. "We're absolutely thrilled to align with Visa, a company renowned for its innovation and commitment to excellenc
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
HIGHLIGHTS Q3 Consolidated Revenues and Adjusted EBITDA were ahead of expectations.The Callaway brand maintained its #1 position in U.S. market share in total golf clubs and achieved record U.S. market share in golf ball.The Company further strengthened its available liquidity position to $863 million, increasing $129 million year-over-year.The Company reaffirmed its expectation for full year positive Adjusted Free Cash Flow for the total Company and Topgolf.The Company lowered full year 2024 revenue guidance to approximately $4.2 billion and Adjusted EBITDA to a range of $560 to $570 million. The Company maintained prior Topgolf revenue guidance of approximately $1.79 billion and increased
CARLSBAD, Calif., Nov. 5, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its third quarter 2024 financial results on Tuesday, November 12, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com. A replay will be available online approximately two hours a
Separation Will Create a Leading Golf Equipment and Active Lifestyle Company with Strong Free Cash Flow and the Category Leading, High-Growth, Pure-Play Venue-Based Golf Entertainment Business Both Businesses Will Have Strong Balance Sheets, Positive Free Cash Flow and the Required Scale to be Leaders in Their Respective Markets CARLSBAD, Calif., Sept. 4, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands," "we," "our," "us") (NYSE:MODG) today announced that its Board of Directors intends to pursue the separation of its business into two independent companies: Callaway, a leader in golf equipment with a highly complementary Active Lifestyle busines
Announces Formal Strategic Review of Topgolf Including Organic and Inorganic Alternatives HIGHLIGHTS Q2 Net Income of $62 million, Non-GAAP Net Income of $83 million, and Adjusted EBITDA of $206 million were all ahead of expectations.Q2 Consolidated Revenues were down 1.9% year-over-year and full year Revenue and Adjusted EBITDA outlook lowered to a range of $4,200 - $4,260 million and $570 - $590 million, respectively.Maintained #1 U.S. model market share in Driver, Fairway Woods and Irons with Ai Smoke clubs and continued to drive market share gains in golf ball driven by the new Chrome Tour family of golf balls.Successfully completed discretionary $50 million pay down of term loan debt.F
CARLSBAD, Calif., July 31, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its second quarter 2024 financial results on Wednesday, August 7, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com. A replay will be available online approximately two hours
HIGHLIGHTS Q1 Revenue of $1.144 billion and Topgolf same venue sales of -7% – both in line with expectations.Net Income of $7 million, Non-GAAP Net Income of $16 million and Adjusted EBITDA of $161 million – all ahead of expectations.Company reaffirmed full year Adjusted EBITDA guidance and increased full year earnings per share and cash generation outlook.Ai Smoke clubs achieved #1 U.S. market share in Driver, Fairway Woods and Irons and the new Chrome Tour golf balls drove record 11% market share in the premium ball category.Successfully completed term loan repricing, repurchased an additional one million shares of common stock and announced plans to pay down $50 million of term loan debt.
CARLSBAD, Calif., May 1, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its first quarter 2024 financial results on Wednesday, May 8, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com. A replay will be available online approximately two hours after
HIGHLIGHTS Consolidated full year revenue growth of 7%.Consolidated Cash from Operations of $365 million and $221 million of Embedded Cash Flow.1Topgolf business delivers full year 1% Same Venue Sales growth and positive Free Cash Flow.Golf Equipment maintained strong U.S. market share in 2023 including #1 in Total Clubs, Woods, Drivers, Fairway Woods, Hybrids, and Irons. Paradym was the #1 model in Drivers and Fairway Woods in 2023.Active Lifestyle segment revenue grew over 9%.CARLSBAD, Calif., Feb. 13, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced its financial results for the fourth quarter ended December 31, 2023. "
CARLSBAD, Calif., Feb. 6, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its fourth quarter and full-year 2023 financial results on Tuesday, February 13, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com. A replay will be available online approximat
HIGHLIGHTS Company delivered strong Q2 results consistent with expectations and reaffirms full year 2023 revenue and Adjusted EBITDA guidanceTopgolf delivered same venue sales growth within the guidance range, marking the seventh consecutive quarter of growthTopgolf opened 2 new venues in the U.S. and remains on plan to open 11 venues in 2023Golf Equipment performed well in the quarter with strong market share gainsBoth total Company and Topgolf remain on track to be free cash flow positive in 2023CARLSBAD, Calif., Aug. 8, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced its financial results for the second quarter ended J
Jefferies upgraded Topgolf Callaway Brands from Hold to Buy and set a new price target of $13.00 from $11.00 previously
B. Riley Securities downgraded Topgolf Callaway Brands from Buy to Neutral and set a new price target of $12.00 from $18.00 previously
Jefferies downgraded Topgolf Callaway Brands from Buy to Hold and set a new price target of $12.00 from $40.00 previously
Raymond James downgraded Topgolf Callaway Brands from Outperform to Underperform
BofA Securities downgraded Topgolf Callaway Brands from Buy to Neutral and set a new price target of $13.00 from $18.00 previously
KeyBanc Capital Markets downgraded Topgolf Callaway Brands from Overweight to Sector Weight
JP Morgan downgraded Topgolf Callaway Brands from Overweight to Neutral and set a new price target of $13.00 from $23.00 previously
Stephens downgraded Topgolf Callaway Brands from Overweight to Equal-Weight and set a new price target of $13.00
Morgan Stanley initiated coverage of Topgolf Callaway Brands with a rating of Underweight and set a new price target of $12.00
KeyBanc Capital Markets initiated coverage of Topgolf Callaway Brands with a rating of Overweight and set a new price target of $27.00
New York, NY, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Five Iron Golf, the global leader in golf and entertainment, is partnering with Callaway Golf, a leader in equipment design, performance, and innovation, to launch Callaway Tour Fitting. This premium, Tour-level fitting experience puts the golfer at the forefront to perfectly tailor their equipment needs to their game. After revolutionizing indoor golf, Five Iron is now transforming the equipment fitting experience. With all Five Iron coaches becoming Callaway Certified Fitters, Five Iron is the first-ever indoor golf brand to globally offer Tour-level fittings backed by certification from a top golf equipment manufacturer. "Five I
The venue will be located near Mayfield Road along the President George Bush Turnpike DALLAS, Jan. 7, 2025 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it broke ground on a two-level venue located in Grand Prairie, Texas, set to open in late 2025. This will be the 15th venue in Texas and the fifth in the Dallas-Fort Worth metroplex. The Basics Never been to a Topgolf venue? Think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sp
The future of performance is Elyte with incredible new drivers, fairway woods, irons, and hybrids CARLSBAD, Calif., Jan. 2, 2025 /PRNewswire/ -- Today Callaway Golf, one of the industry's leaders in equipment design, performance, and innovation, announced their new Elyte family of golf clubs. This incredible equipment lineup will all be available for pre-order on January 17th, Elyte Drivers and Fairway Woods will be available at retailers starting on January 24th, while Elyte Hybrids and Irons will be available at retailers starting on February 7th. All drivers claim to have
The three-level venue features 108 hitting bays and sits along Bayshore Freeway (Hwy 101) and Airport Drive DALLAS, Dec. 2, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open in Burlingame, California, on Dec. 13, making it Topgolf's 107th global outdoor venue. Topgolf Basics Never been to a Topgolf venue? Think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxed, no-pressure environment.The venue is lo
The venue will be located along Chester Road near the I-90 and Nagel Road intersection DALLAS, Dec. 2, 2024 /PRNewswire/ -- Topgolf announced today it broke ground on a two-level venue located in Avon, Ohio, approximately 20 miles west of downtown Cleveland. This will be the fifth Topgolf venue in Ohio. The Basics If you've never been to a Topgolf venue before, think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxed, no-pressure environment
The venue will be located at 560 Bielenberg Drive in Woodbury, MN DALLAS, Nov. 21, 2024 /PRNewswire/ -- Topgolf announced today it recently broke ground on a three-level venue in Woodbury, Minnesota, set to open in late 2025. This is the second venue in Minnesota in addition to an existing venue in Minneapolis – Brooklyn Center. The Basics If you've never been to a Topgolf venue before, think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxe
HIGHLIGHTS Q3 Consolidated Revenues and Adjusted EBITDA were ahead of expectations.The Callaway brand maintained its #1 position in U.S. market share in total golf clubs and achieved record U.S. market share in golf ball.The Company further strengthened its available liquidity position to $863 million, increasing $129 million year-over-year.The Company reaffirmed its expectation for full year positive Adjusted Free Cash Flow for the total Company and Topgolf.The Company lowered full year 2024 revenue guidance to approximately $4.2 billion and Adjusted EBITDA to a range of $560 to $570 million. The Company maintained prior Topgolf revenue guidance of approximately $1.79 billion and increased
CARLSBAD, Calif., Nov. 5, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its third quarter 2024 financial results on Tuesday, November 12, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com. A replay will be available online approximately two hours a
Half-price gameplay offer invites Players to 'come play around' DALLAS, Texas, Oct. 24, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Akron on Nov. 8 in the former BigShots Golf Firestone located at 600 Swartz Road, Akron, Ohio. This is the fourth Topgolf location in the state. Topgolf Basics Never been to a Topgolf venue? Think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxed, no-pressu
The long-awaited venue will be located at 427 Creekside Way DALLAS, Oct. 21, 2024 /PRNewswire/ -- Topgolf announced today it broke ground on a two-level venue located in New Braunfels Town Center at Creekside, a 400+ acre master-planned mixed-use development. The new venue is set to open in late 2025. The Basics If you've never been to a Topgolf venue before, think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxed, no-pressure environment.O
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
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