There is little time left for Topgolf Callaway Brands Corp (MODG) to reach its 1-year target estimate. How soon will it surpass it?

Topgolf Callaway Brands Corp (NYSE:MODG) shares traded 11.22% higher at $11.20 on Wall Street last session.

In accordance with the data, 15 analysts cover Topgolf Callaway Brands Corp (NYSE:MODG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $10.00, we find $18.00. Given the previous closing price of $10.07, this indicates a potential upside of 78.75 percent. MODG stock price is now -18.62% away from the 50-day moving average and -40.26% away from the 200-day moving average. The market capitalization of the company currently stands at $2.07B.

It has been rated a hold by 4 analysts and a buy by 8. Brokers who have rated the stock have averaged $19.18 as their price target over the next twelve months.

With the price target maintained at $13, Stephens recently Downgraded its rating from Overweight to Equal-Weight for Topgolf Callaway Brands Corp (NYSE: MODG).

In other news, Thomas Jennifer L., SVP, Chief Accounting Officer bought 4,000 shares of the company’s stock on Nov 10. The stock was bought for $40,080 at an average price of $10.02. Upon completion of the transaction, the SVP, Chief Accounting Officer now directly owns 64,521 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 25, President and CEO BREWER OLIVER G III bought 10,000 shares of the business’s stock. A total of $162,100 was incurred on buying the stock at an average price of $16.21. This leaves the insider owning 847,556 shares of the company worth $9.49 million. Insiders disposed of 3,960,360 shares of company stock worth roughly $44.36 million over the past 1 year. A total of 23.42% of the company’s stock is owned by insiders.

During the past 12 months, Topgolf Callaway Brands Corp has had a low of $9.84 and a high of $25.96. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 1.76, and a quick ratio of 0.95. According to the stock market information, the enterprise value for the company is $4.65B, which is based on a 23.85 price-to-earnings ratio, a 2.06 price-to-earnings-growth ratio, and a beta of 1.78. The fifty day moving average price for MODG is $13.76 and a two-hundred day moving average price translates $18.75 for the stock.

The latest earnings results from Topgolf Callaway Brands Corp (NYSE: MODG) was released for Sep, 2023. According to the Leisure Company, earnings per share came in at $0.2, beating analysts’ expectations of $0.12 by 0.08. This compares to $0.19 EPS in the same period last year. The net profit margin was 2.34% and return on equity was 2.56% for MODG. The company reported revenue of $1.04 billion for the quarter, compared to $988.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.27 percent. For the current quarter, analysts expect MODG to generate $891.94M in revenue.

Topgolf Callaway Brands Corp(MODG) Company Profile

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. It operates through three segments: Topgolf; Golf Equipment; and Active Lifestyle. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brands. The Active Lifestyle segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; and golf and lifestyle apparel, hats, luggage and accessories, footwear, belts, facemasks, sunglasses, socks, and underwear under the TravisMathew brand. This segment also provides storage and travel gear for sport and personal use, such as backpacks; travel, duffel, and golf bags; and storage gear accessories, as well as outerwear, headwear, and accessories under the OGIO brand. In addition, it offers outdoor apparel comprising jackets, trousers, dresses, skirts, and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories under the Jack Wolfskin brand. The company sells its products through golf retailers, sporting goods retailers, online retailers, mass merchants, department stores, third-party distributors, and mail order stores, as well as through its websites. The company was formerly known as Callaway Golf Company and changed its name to Topgolf Callaway Brands Corp. in September 2022. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California.