TOday’s Movers: Callaway Golf (NYSE:ELY) Stock Rating Maintained by Analysts at Roth Capital; $16.0 Target Price Indicates 11.97 % Potential

January 15, 2018 - By Vivian Park

 TOday’s Movers: Callaway Golf (NYSE:ELY) Stock Rating Maintained by Analysts at Roth Capital; $16.0 Target Price Indicates 11.97 % Potential

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.25, from 1.44 in 2017Q2. It dived, as 20 investors sold Callaway Golf Company shares while 64 reduced holdings. 28 funds opened positions while 72 raised stakes. 82.05 million shares or 4.77% more from 78.32 million shares in 2017Q2 were reported.

Alps Advisors holds 0% or 33,606 shares. Pacad Ltd reported 21,900 shares. Grace & White New York has 673,216 shares for 2.02% of their portfolio. First Advsrs L P holds 159,359 shares. Pinebridge Invests Ltd Partnership stated it has 11,711 shares. Northpointe Cap Lc accumulated 0.77% or 500,916 shares. Moreover, Ironwood Investment Limited Liability Corp has 0.62% invested in Callaway Golf Company (NYSE:ELY) for 61,178 shares. Nebraska-based Ameritas has invested 0.01% in Callaway Golf Company (NYSE:ELY). Ameriprise Fin holds 0% or 506,911 shares. Cubist Systematic Strategies Ltd Liability Corporation reported 14,504 shares. Arrowstreet Capital Partnership reported 0% in Callaway Golf Company (NYSE:ELY). Asset Management Inc holds 0.01% of its portfolio in Callaway Golf Company (NYSE:ELY) for 24,744 shares. Morgan Stanley has 966,934 shares. Aperio Group Limited Liability Co stated it has 27,471 shares. Hodges Capital Mgmt has 400,000 shares for 0.39% of their portfolio.

Since August 4, 2017, it had 0 insider buys, and 8 sales for $4.14 million activity. The insider Lynch Brian P. sold 6,277 shares worth $96,791. 19,349 shares were sold by Thomas Jennifer L., worth $268,951 on Thursday, August 31. 31,691 Callaway Golf Company (NYSE:ELY) shares with value of $443,674 were sold by Leposky Mark F. $1.76M worth of Callaway Golf Company (NYSE:ELY) was sold by BREWER OLIVER G III on Friday, August 4.

Callaway Golf (NYSE:ELY) Rating Reaffirmed

Roth Capital now has a $16.0 target price on the $1.35B market cap company or 11.97 % upside potential. In a research note made public on Thursday morning, Callaway Golf (NYSE:ELY) shares have had their “Buy” Rating reaffirmed by stock analysts at Roth Capital.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.25, from 1.44 in 2017Q2. It dived, as 20 investors sold Callaway Golf Company shares while 64 reduced holdings. 28 funds opened positions while 72 raised stakes. 82.05 million shares or 4.77% more from 78.32 million shares in 2017Q2 were reported.

Alps Advisors holds 0% or 33,606 shares. Pacad Ltd reported 21,900 shares. Grace & White New York has 673,216 shares for 2.02% of their portfolio. First Advsrs L P holds 159,359 shares. Pinebridge Invests Ltd Partnership stated it has 11,711 shares. Northpointe Cap Lc accumulated 0.77% or 500,916 shares. Moreover, Ironwood Investment Limited Liability Corp has 0.62% invested in Callaway Golf Company (NYSE:ELY) for 61,178 shares. Nebraska-based Ameritas has invested 0.01% in Callaway Golf Company (NYSE:ELY). Ameriprise Fin holds 0% or 506,911 shares. Cubist Systematic Strategies Ltd Liability Corporation reported 14,504 shares. Arrowstreet Capital Partnership reported 0% in Callaway Golf Company (NYSE:ELY). Asset Management Inc holds 0.01% of its portfolio in Callaway Golf Company (NYSE:ELY) for 24,744 shares. Morgan Stanley has 966,934 shares. Aperio Group Limited Liability Co stated it has 27,471 shares. Hodges Capital Mgmt has 400,000 shares for 0.39% of their portfolio.

Since August 4, 2017, it had 0 insider buys, and 8 sales for $4.14 million activity. The insider Lynch Brian P. sold 6,277 shares worth $96,791. 19,349 shares were sold by Thomas Jennifer L., worth $268,951 on Thursday, August 31. 31,691 Callaway Golf Company (NYSE:ELY) shares with value of $443,674 were sold by Leposky Mark F. $1.76M worth of Callaway Golf Company (NYSE:ELY) was sold by BREWER OLIVER G III on Friday, August 4.

Callaway Golf Company (NYSE:ELY) Ratings Coverage

Among 16 analysts covering Callaway Golf (NYSE:ELY), 12 have Buy rating, 1 Sell and 3 Hold. Therefore 75% are positive. Callaway Golf has $19.0 highest and $10 lowest target. $15.64’s average target is 9.45% above currents $14.29 stock price. Callaway Golf had 36 analyst reports since August 23, 2015 according to SRatingsIntel. Jefferies maintained the shares of ELY in report on Friday, August 4 with “Buy” rating. Jefferies maintained it with “Buy” rating and $18.0 target in Tuesday, September 5 report. The stock of Callaway Golf Company (NYSE:ELY) has “Outperform” rating given on Tuesday, May 23 by Imperial Capital. The company was maintained on Monday, October 23 by Cowen & Co. DA Davidson maintained Callaway Golf Company (NYSE:ELY) rating on Wednesday, September 20. DA Davidson has “Buy” rating and $16.0 target. SunTrust maintained Callaway Golf Company (NYSE:ELY) rating on Thursday, October 26. SunTrust has “Buy” rating and $17 target. The rating was maintained by Cowen & Co with “Hold” on Thursday, August 3. The stock has “Buy” rating by KeyBanc Capital Markets on Friday, October 20. The firm earned “Outperform” rating on Tuesday, February 7 by Imperial Capital. The firm earned “Buy” rating on Thursday, October 26 by Jefferies.

The stock increased 0.85% or $0.12 during the last trading session, reaching $14.29. About 837,089 shares traded. Callaway Golf Company (NYSE:ELY) has risen 39.56% since January 15, 2017 and is uptrending. It has outperformed by 22.86% the S&P500.

Analysts await Callaway Golf Company (NYSE:ELY) to report earnings on February, 1. They expect $-0.18 EPS, 0.00 % or $0.00 from last year’s $-0.18 per share. After $0.05 actual EPS reported by Callaway Golf Company for the previous quarter, Wall Street now forecasts -460.00 % negative EPS growth.

Callaway Golf Company, together with its subsidiaries, designs, makes, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company has market cap of $1.35 billion. It offers drivers, fairway woods, hybrids, irons, wedges, and putters. It has a 7.54 P/E ratio. The firm also accessories, such as packaged sets, golf gloves, golf footwear, golf apparel, travel gear, headwear, towels, umbrellas, eyewear, and other accessories under the Callaway Golf, Odyssey, and Strata brand names.

More recent Callaway Golf Company (NYSE:ELY) news were published by: Prnewswire.com which released: “Xander Schauffele Joins Callaway Golf Tour Staff” on January 03, 2018. Also Seekingalpha.com published the news titled: “On Top Golf’s Value” on January 08, 2018. Prnewswire.com‘s news article titled: “Sergio Garcia Joins Callaway Golf Tour Staff” with publication date: January 02, 2018 was also an interesting one.

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