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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 ...
In 2019, Callaway acquired German outdoor apparel company Jack Wolfskin. [18] On October 27, 2020, Callaway announced it will acquire Topgolf Entertainment Group for $2 billion. [19] On August 24, 2022, Callaway Golf Company announced plans to change its corporate name to Topgolf Callaway Brands Corp. [20]
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.
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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
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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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