|Bid||17.94 x 1400|
|Ask||17.95 x 800|
|Day's Range||17.85 - 18.28|
|52 Week Range||14.44 - 24.67|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||19.34|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||0.04 (0.27%)|
|1y Target Est||22.25|
JANA Partners, a New York-based hedge fund run by Barry Rosenstein, says Callaway shares "are undervalued and represent an attractive investment opportunity."
Investors are always looking for growth in small-cap stocks like Callaway Golf Company (NYSE:ELY), with a market cap...
The New York-based hedge fund run by Barry Rosenstein said in a regulatory filing Thursday that it bought 9.5% of Callaway Golf because it believes the shares are undervalued. Jana plans to hold discussions with management about ways to improve its performance, including selling all or part of the company. Callaway Golf, with a market value of about $1.7 billion, rose as much as 16.4% on the news and traded up 14.1% at 2:24 p.m. in New York Thursday, its largest gain since 2018.
Callaway Golf (NYSE:ELY) is making headlines Thursday morning due to a large hedge fund placing a sizable bet on the company.Source: FlickrThe global sporting goods business that focuses on golf equipment and products -- based out of Carlsbad, Calif. -- announced that hedge fund Jana Partners LLC has acquired a 9.2% stake on ELY stock. This now makes the hedge fund the second-largest shareholders of the golf equipment business.Jana revealed in a filing with the Securities and Exchange Commission that it arrived at the decision to buy the stake because it believed Callaway Golf's shares are "undervalued and present an attractive investment opportunity." The firm added that while Callaway has been able to drive innovation in recent years and gain market share, there are "other factors" that have caused the company's stock to fail to live up to expectations.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis analysis has prompted the hedge fund to express its intention to have discussions with the golf equipment maker's board of directors and management in regards to strategic alternatives, which include exploring a divesting of assets or a sale of the company.In its most recent 13F filing, Jana said that it did not own any Callaway shares as of March 31.ELY stock is soaring about 14.7% on Thursday morning following news that the company attracted the attention of a major hedge fund, which placed a considerable bet on the company. More From InvestorPlace * 7 Dark Horse Stocks Winning the Race in 2019 * 7 Stocks to Buy for the Coming Recession * 7 High-Quality Cheap Stocks to Buy With $10 Compare Brokers The post Callaway Golf News: Why ELY Stock Is Soaring Today appeared first on InvestorPlace.
shares surged Thursday after activist investor group Jana Partners revealed a significant stake in the struggling sports equipment maker just hours ahead of the opening round of the U.S. Open. Jana said it hopes to use its 9.22% stake, which was acquired as of June 3, to "exert negative control over the important corporate actions" of Callaway and propose new members to its board. Jana also said it may also wish to build a bigger stake, or completely acquire, the Carlsbad, California-based group.
Shares in Callaway Golf soared more than 14 per cent on Thursday after Jana Partners disclosed a minority stake in the club maker and said it expects to hold talks over strategic options. Jana said with the help of Ms Davis, Mr Farah and Mr Lillie, it plans to engage Callaway’s board and management on strategic alternatives, including possible asset disposal or an outright sale of the company.
During last night's Mad Money Lightning Round Monday night Jim Cramer said this about Callaway Golf Co. In the daily bar chart of ELY, below, we can see that prices declined sharply in the fourth quarter last year. Volume has been increasing from January which is positive but the On-Balance-Volume (OBV) line has been up and down this year.
Callaway Golf Co NYSE:ELYView full report here! Summary * Bearish sentiment is moderate and increasing Bearish sentimentShort interest | NeutralShort interest is moderate for ELY with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on May 14. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ELY had net inflows of $1.07 billion over the last one-month. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
CARLSBAD, Calif. , June 11, 2019 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) announced today that it will be meeting with investors in New York, New York on Tuesday, June 11, 2019 , in a non-deal ...
CARLSBAD, Calif. , June 3, 2019 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) announced today that its Tokyo-based subsidiary, Callaway Golf K.K., acquired the remaining 48% stake in Callaway Apparel ...
If you're interested in Callaway Golf Company (NYSE:ELY), then you might want to consider its beta (a measure of share...
President and CEO of Callaway Golf Co (NYSE:ELY) Oliver G Brewer Iii bought 10,000 shares of ELY on 05/20/2019 at an average price of $15.14 a share.
CARLSBAD, Calif. , May 21, 2019 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) announced today that it will be presenting at the B. Riley FBR Investor Conference in Beverly Hills, California on Wednesday, ...
After reading Callaway Golf Company's (NYSE:ELY) most recent earnings announcement (31 March 2019), I found it useful...
CARLSBAD, Calif. , May 13, 2019 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) announced today that it will be meeting with analysts and investors in Los Angeles, California on Monday, May 13, 2019 ...
was falling 6.6% Friday to $15.88 after the company lowered the guidance for its acquisition of Jack Wolfskin, a maker of outdoor apparel. The company said that it expects Jack Wolfskin's full-year sales growth to be between 4% to 6% lower than the company's previous estimate for $382 million. Callaway Golf completed the purchase of Jack Wolfskin in January.
Callaway Golf Co (NYSE: ELY ) shares are trading down despite the golf club maker's Thursday earnings beat. Here's how two analysts reacted to the print. Cowen Callaway management was able to raise its ...
Callaway Golf Co. shares fell 5.8% in Friday trading after the company gave weak sales guidance for its newly-acquired outdoor apparel acquisition. Net income totaled $48.6 million, or 50 cents per share, down from $62.9 million, or 65 cents per share. Adjusted EPS was 63 cents. Sales totaled $516.2 million, up from $403.2 million in 2018. The FactSet consensus was for EPS of 47 cents and sales of $504.0 million. Results were impacted by the Jack Wolfskin acquisition in January 2019, which contributed $93 million in sales. For 2019 the company expects adjusted EPS of 96 cents to $1.06. The FactSet consensus is for 95 cents per share. The company reiterated its sales guidance for 34% to 37% growth, but expects Jack Wolfskin's full-year sales growth of 4% to 6%, lower than the previous estimate for $382 million. "Given the strong 2019 first quarter growth in the company's other golf equipment, apparel and accessories businesses, the company anticipates that growth in those other businesses will offset the expected lower sales in the Jack Wolfskin business," Callaway said. "While we remain confident with management's ability to continue to grow market share and earnings in the core golf category, we are increasingly concerned with the potential from the recent Jack Wolfskin acquisition," wrote Raymond James. Analysts highlight the "elevated risks" that come with expanding beyond that core business. Raymond James rates Callaway shares market perform. Callaway stock has gained 5.2% for the year to date while the S&P 500 index is up 13.5% for the period.