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TipRanksStock Market NewsELY NewsJefferies Maintains a Buy Rating on Callaway Golf (ELY)
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Jefferies Maintains a Buy Rating on Callaway Golf (ELY)

Jefferies analyst Randal Konik maintained a Buy rating on Callaway Golf (ELYResearch Report) today and set a price target of $60.00. The company’s shares closed last Tuesday at $24.93.

According to TipRanks.com, Konik is a 5-star analyst with an average return of 11.3% and a 59.0% success rate. Konik covers the Consumer Goods sector, focusing on stocks such as Lulu’s Fashion Lounge Holdings, aka Brands Holding Corp, and Lululemon Athletica.

Callaway Golf has an analyst consensus of Strong Buy, with a price target consensus of $41.57, representing a 74.4% upside. In a report issued on February 11, Raymond James also maintained a Buy rating on the stock with a $35.00 price target.

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The company has a one-year high of $37.75 and a one-year low of $21.83. Currently, Callaway Golf has an average volume of 1.76M.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ELY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Callaway Golf Co. engages in the manufacture and distribution of golf equipment and accessories. It operates through the following segments: Golf Clubs, Golf Balls, and Gear, Accessories & Other. The Golf Clubs segment comprises of Callaway Golf woods, hybrids, irons and wedges, Odyssey putters, including Toulon Design putters by Odyssey, packaged sets and sales of pre-owned golf clubs. The Golf Balls segment designs, manufactures, and sells Callaway Golf and Strata golf balls. The Gear, Accessories, and Other segment consists of soft goods products which include golf apparel and footwear, golf bags, golf gloves, travel gear, headwear and other golf-related accessories, retail apparel sales from the firm’s joint venture in Japan, and OGIO branded products. The company was founded by Ely Reeves Callaway, Jr. in 1982 and is headquartered in Carlsbad, CA.

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