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On Thursday, Jefferies sell-side analyst David Katz upgraded Callaway from hold to buy while giving the stock a $13 price target, compared with a $7.86 price to start the day. Why Shares of ...
Callaway, legally Topgolf Callaway Brands Corp., is an American global sports equipment manufacturing company that designs, manufactures, markets and sells golf equipment, more specifically clubs and balls, also including accessories such as bags, gloves, and caps.
Shares of Callaway Golf plunged on Tuesday following an announcement that Callaway and Topgolf had agreed on an all-stock merger, with Topgolf having an implied equity value of approximately $2 ...
At the time, Callaway held a 14% share of Topgolf. [19] Callaway had invested in Topgolf since 2006, with CEO Chip Brewer serving on the Topgolf board since 2012. [20] In October 2023, Topgolf Callaway successfully completed the acquisition of its competitor, BigShots Golf, for a sum of $29 million.
Image source: The Motley Fool. Topgolf Callaway Brands (NYSE: MODG) Q3 2024 Earnings Call Nov 12, 2024, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
Dick's purchased the brand from Callaway Golf Company. Spalding became a division of the Russell Corporation in 2003 [ 1 ] —exclusive of its golf operations (which included the Top-Flite, Ben Hogan Golf Company and Strata brands ), which were eventually bought by the Callaway Golf Company later the same year.
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This was the reason Golfsmith owed $5.5 million to Callaway Golf Co., $5.1 million to Taylormade Golf Co. Inc., $3.5 million to Nike, $2.3 million to PING Inc. and $2.1 million to Titleist. Golfsmith CEO David Roussy blamed "a recession-driven decline in golf participation and an oversized brick-and-mortar retail presence" for its situation.