Callaway Golf Co (ELY) Shares Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC increased its stake in shares of Callaway Golf Co (NYSE:ELY) by 215.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,745 shares of the company’s stock after buying an additional 91,985 shares during the period. Lisanti Capital Growth LLC owned about 0.14% of Callaway Golf worth $3,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Callaway Golf by 8.3% during the second quarter. BlackRock Inc. now owns 13,041,770 shares of the company’s stock worth $247,402,000 after purchasing an additional 999,297 shares during the period. Northern Trust Corp raised its stake in shares of Callaway Golf by 2.9% during the second quarter. Northern Trust Corp now owns 2,184,677 shares of the company’s stock worth $41,443,000 after acquiring an additional 60,759 shares in the last quarter. Millennium Management LLC raised its stake in shares of Callaway Golf by 7.0% during the second quarter. Millennium Management LLC now owns 1,894,004 shares of the company’s stock worth $35,929,000 after acquiring an additional 123,633 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Callaway Golf by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 1,607,354 shares of the company’s stock worth $30,492,000 after acquiring an additional 47,097 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Callaway Golf by 8.0% during the second quarter. Wells Fargo & Company MN now owns 1,440,229 shares of the company’s stock worth $27,321,000 after acquiring an additional 106,277 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Shares of Callaway Golf stock opened at $22.53 on Thursday. The stock has a market capitalization of $2.09 billion, a P/E ratio of 42.51, a PEG ratio of 0.84 and a beta of 1.05. Callaway Golf Co has a 1 year low of $13.49 and a 1 year high of $24.67. The company has a current ratio of 2.28, a quick ratio of 1.14 and a debt-to-equity ratio of 0.01.

Callaway Golf (NYSE:ELY) last announced its quarterly earnings results on Wednesday, October 24th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.09. The company had revenue of $262.65 million for the quarter, compared to analysts’ expectations of $250.83 million. Callaway Golf had a net margin of 9.08% and a return on equity of 16.48%. As a group, analysts expect that Callaway Golf Co will post 1.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. Callaway Golf’s dividend payout ratio (DPR) is 7.55%.

Several research firms have commented on ELY. Cowen lifted their price target on shares of Callaway Golf from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, September 28th. JPMorgan Chase & Co. reissued a “buy” rating and set a $27.00 price target on shares of Callaway Golf in a research note on Thursday, September 27th. Imperial Capital lifted their price target on shares of Callaway Golf from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 7th. They noted that the move was a valuation call. SunTrust Banks reissued a “buy” rating and set a $24.00 price target on shares of Callaway Golf in a research note on Friday, August 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $26.00 price target on shares of Callaway Golf in a research note on Monday, October 29th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.00.

TRADEMARK VIOLATION WARNING: This news story was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://sportsperspectives.com/2018/11/08/callaway-golf-co-ely-shares-bought-by-lisanti-capital-growth-llc.html.

Callaway Golf Profile

Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.

Recommended Story: Float

Institutional Ownership by Quarter for Callaway Golf (NYSE:ELY)

Receive News & Ratings for Callaway Golf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callaway Golf and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply