Callaway Golf (ELY) is Initiated by Ladenburg Thalmann to Buy , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Callaway Golf Co. is up 13.07% in the last 3-month period. Year-to-Date the stock performance stands at 22.86%.
Callaway Golf Company (NYSE:ELY) has lost 3.78% during the past week and dropped 7.28% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 2.98%. Callaway Golf Company (NYSE:ELY) has underperformed the index by 5.12% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Shares of Callaway Golf Company (NYSE:ELY) ended Thursday session in red amid volatile trading. The shares closed down 0.03 points or 0.32% at $9.42 with 499,198 shares getting traded. Post opening the session at $9.46, the shares hit an intraday low of $9.38 and an intraday high of $9.54 and the price vacillated in this range throughout the day. The company has a market cap of $847 million and the number of outstanding shares have been calculated to be 89,923,121 shares. The 52-week high of Callaway Golf Company (NYSE:ELY) is $10.3 and the 52-week low is $7.52.
Currently the company Insiders own 2.41% of Callaway Golf Company shares according to the proxy statements. Institutional Investors own 85.91% of Callaway Golf Company shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Lynch Brian P., officer (SVP, G.C. & Corp Secretary) of Callaway Golf Co, had unloaded 90,046 shares at an average price of $9.68 in a transaction dated on October 23, 2015. The total value of the transaction was worth $871,645.
Callaway Golf Company together with its subsidiaries, designs, manufactures and sells golf clubs (drivers, fairway woods, hybrids, irons, wedges and putters) and golf balls, and also sells golf accessories (such as golf bags, golf gloves, headwear, towels, umbrellas and travel gear) under the Callaway Golf and Odyssey brand names. The Company sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, it sells Callaway Golf and Odyssey products direct to consumers online through its Websites shop.callawaygolf.com and www.odysseygolf.com. The Company also licenses its trademarks and service marks in exchange for a royalty fee to third parties for use on golf related accessories, including apparel, footwear, eyewear, rangefinders and practice aids. Its products are sold in the United States and in approximately 100 countries around the world.