D.A. Davidson analyst Andrew Burns maintained a Hold rating on Callaway Golf (NYSE: ELY) today. The company’s shares closed on Friday at $17.26.
According to TipRanks.com, Burns is a 1-star analyst with an average return of -2.2% and a 40.0% success rate. Burns covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Fox Factory Holding.
Callaway Golf has an analyst consensus of Strong Buy, with a price target consensus of $19.79.
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Based on Callaway Golf’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $62.86 million. In comparison, last year the company had a net profit of $25.69 million.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.
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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, and Other.
