Callaway Golf Co (ELY) Insider Neil Howie Sells 68,824 Shares of Stock

Callaway Golf Co (NYSE:ELY) insider Neil Howie sold 68,824 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.76, for a total transaction of $1,084,666.24. Following the completion of the transaction, the insider now owns 133,001 shares of the company’s stock, valued at $2,096,095.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Neil Howie also recently made the following trade(s):

  • On Thursday, February 8th, Neil Howie sold 24,838 shares of Callaway Golf stock. The shares were sold at an average price of $15.75, for a total transaction of $391,198.50.

Callaway Golf Co (NYSE:ELY) traded down $0.15 during midday trading on Friday, reaching $15.76. 530,121 shares of the company’s stock were exchanged, compared to its average volume of 1,157,354. Callaway Golf Co has a 12-month low of $9.99 and a 12-month high of $16.01. The company has a market cap of $1,504.07, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15.

Callaway Golf (NYSE:ELY) last posted its quarterly earnings data on Wednesday, February 7th. The company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. Callaway Golf had a net margin of 3.89% and a return on equity of 7.85%. The firm had revenue of $192.00 million for the quarter, compared to the consensus estimate of $184.74 million. During the same period in the prior year, the firm posted ($0.09) EPS. The firm’s revenue was up 17.1% compared to the same quarter last year. sell-side analysts expect that Callaway Golf Co will post 0.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 14th will be given a $0.01 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.25%. Callaway Golf’s payout ratio is currently 9.30%.

Institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new position in shares of Callaway Golf in the 4th quarter worth about $142,000. Allianz Asset Management GmbH bought a new position in shares of Callaway Golf in the 3rd quarter worth about $182,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Callaway Golf in the 2nd quarter worth about $194,000. Verition Fund Management LLC bought a new position in shares of Callaway Golf in the 2nd quarter worth about $204,000. Finally, Investors Research Corp bought a new position in shares of Callaway Golf in the 4th quarter worth about $217,000. Institutional investors own 88.56% of the company’s stock.

Several research analysts have recently weighed in on the stock. B. Riley restated a “buy” rating on shares of Callaway Golf in a research note on Wednesday, November 1st. Compass Point upgraded shares of Callaway Golf from a “sell” rating to a “neutral” rating and upped their target price for the company from $13.50 to $14.59 in a research note on Wednesday, February 7th. TheStreet upgraded shares of Callaway Golf from a “c+” rating to a “b” rating in a research note on Wednesday. Roth Capital set a $17.00 price objective on shares of Callaway Golf and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Jefferies Group reiterated a “buy” rating and set a $21.00 price objective on shares of Callaway Golf in a research note on Thursday, February 8th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $16.40.

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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.

Insider Buying and Selling by Quarter for Callaway Golf (NYSE:ELY)

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