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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.
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.
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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Topgolf Callaway Brands (NYSE: MODG) Q2 2024 Earnings Call Aug 07, 2024, 5:00 p.m. ET. ... we are working through what we view as a short-term cycle of volatility in our same menu sales, while at ...
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