-
Topgolf Callaway Brands Stock Swings Higher On Intent To Split Into Two Separate Companies
Wednesday, September 4, 2024 - 5:03pm | 503Topgolf Callaway Brands Corp (NYSE:MODG) shares are rising in extended trading Wednesday after the company announced plans to split into two separate companies. What To Know: Topgolf Callaway Brands’ board announced it will pursue the separation of its Callaway and Topgolf businesses. The...
-
How Have Golf Stocks Performed Since Tigers Woods Won The Masters In 2019?
Wednesday, April 6, 2022 - 9:48am | 784Tiger Woods is expected to make his return to the Masters this week, 14 months after a car accident that left many questioning if he would be able to compete again. The return of Woods could provide a big boost to the golf sector, bringing people back to watch and potentially play the game due to...
-
Callaway Golf On An Operational Roll, Analyst Says Topgolf Growth Could Accelerate
Tuesday, October 12, 2021 - 6:43pm | 297The increase in rounds of golf being played in the U.S. and the return of indoor golf at an entertainment destination lead to a bullish call on an industry leader. The Callaway Golf Analyst: Compass Point analyst Casey Alexander upgraded shares of Callaway Golf Co (NYSE: ELY) from Neutral to Buy...
-
Will This Penny Stock Land On The Green Or Hit The Rough In The Golf Market?
Friday, May 14, 2021 - 1:30pm | 819One sector that has performed well during the COVID-19 pandemic and reopening atmosphere is golf. The outdoor activity can be enjoyed with social distancing and has seen demand at its highest levels since 1997. Callaway Golf (NYSE: ELY), which owns the indoor golf...
-
Topgolf Recovering Ahead Of Plan, Callaway Capitalizing On Golf Demand
Tuesday, May 11, 2021 - 6:40pm | 615Shares of golf equipment manufacturer and Topgolf owner Callaway Golf Company (NYSE: ELY) hit new 52-week highs Tuesday after reporting first-quarter earnings. The company saw revenue at $651 million, up 47% year-over-year and well ahead of the Street consensus of $561.6 million. The Callaway...
-
Did Callaway Golf Sink A Birdie By Buying Topgolf At A 50% Discount To IPO Price?
Monday, November 2, 2020 - 6:50pm | 421Topgolf was an IPO candidate earlier this year, but will instead merge with golf equipment and apparel seller Callaway, a minority investor in the company. What Happened: Callaway Golf Company (NYSE: ELY) announced last week it's combining its business with Topgolf, a leader of golf...
-
3 Outdoor Stocks To Watch For Summer 2020
Monday, June 1, 2020 - 1:50pm | 728People are chomping at the bit to finally get outside after months of hunkering down during quarantine. One saving grace for many was the fact that the nationwide lockdown from work, school, and general public activity took place during the cooler months of late winter and spring. With such...
-
Callaway Analyst: Topgolf Worth More Than Previously Thought
Wednesday, January 8, 2020 - 8:38am | 344Bloomberg reported Monday that Topgolf International, an operator of a party-themed golf driving range, is looking to list itself on a public market at a $4 billion valuation. Topgolf is reportedly working with bankers to plan a potential IPO in 2020, sources told Bloomberg. The company is backed...
-
TopGolf Could Be Valued At $4B In IPO, Bloomberg Reports
Tuesday, January 7, 2020 - 10:42am | 273TopGolf International Inc., an operator of golf entertainment facilities, is preparing for an initial public offering that could value the company at around $4 billion, Bloomberg reported Monday. What Happened TopGolf is working with banks including Morgan Stanley (NYSE: MS), Bank of America...
-
7 Tech Innovations In Sports That Changed The Game
Thursday, August 29, 2019 - 11:35am | 826Sports is one of the few things in life we can say will look fairly similar 100 years from now. Still, there have been several technological advances in sports that have changed how we play and watch the game. Here are some of the greatest innovations in sports over the years. Metal Woods In...
-
Cowen Raises Callaway Price Target, Says Topgolf Stake Could Be Worth Over $600M
Monday, October 1, 2018 - 7:50am | 465Excitement around golf is on the upswing after Tiger Woods' comeback at the Tour Championship last week to close out the PGA Tour season. Callaway Golf Co (NYSE: ELY) may be reaping the benefits of a golf resurgence, particularly due to its Topgolf investment, according to Cowen. The...
-
Callaway's Stake In TopGolf Nearly Doubles In A Year, Now Worth $400 Million
Tuesday, August 22, 2017 - 4:54pm | 329TopGolf has been one of the most exciting entrances into the golf industry since its introduction in 2000. Whether TopGolf brings new people to the game of golf or converts them to traditional golfers, it has become a go-to entertainment venue in its own right. TopGolf’s flagship venue on the...
-
Callaway Is The Top Golf Brand In The World, But Has Room To Grow
Wednesday, June 14, 2017 - 1:58pm | 351Callaway Golf Co (NYSE: ELY) is the world's most recognizable golf brand, but that doesn't necessarily make it an attractive investment with huge upside, analysts at Cowen said. Cowen's John Kernan initiates coverage of Callaway's stock with a Market Perform rating and $14 price...
-
Callaway Golf Added To 'Alpha List' At Compass Point
Monday, March 6, 2017 - 3:14pm | 361Compass Point, which upgraded Callaway Golf Co (NYSE: ELY) to Buy in early February, has now added the stock to its Alpha List, which presents the firm's best short-term, event-driven ideas that are expected to generate near-term alpha. “We are seeing several factors come together, any...
-
Callaway CFO: Media's Portrayal That Golf Is Dying Is 'Way Overplayed'
Tuesday, December 13, 2016 - 4:43pm | 1019Despite the media’s portrayal of the “demise” of golf, golf-related stocks have performed quite well in 2016. Shares of Callaway Golf Co (NYSE: ELY) are up 23 percent year-to-date, and recent golf IPO Acushnet Holdings Corp (NYSE: GOLF) blew analysts’ estimates out of...