Today, the Managing Director, East Asia of Callaway Golf (NYSE: ELY), Alex Mitchell Boezeman, sold shares of ELY for $808.1K.
Following Alex Mitchell Boezeman’s last ELY Sell transaction on January 27, 2015, the stock climbed by 9.7%.
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Based on Callaway Golf’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $403 million and quarterly net profit of $62.86 million. In comparison, last year the company earned revenue of $309 million and had a net profit of $25.69 million. ELY’s market cap is $1.63B and the company has a P/E ratio of 21.67. Currently, Callaway Golf has an average volume of 797.6K.
Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $19.92, reflecting a -11.9% downside.
The insider sentiment on Callaway Golf has been negative according to 53 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Alex Mitchell Boezeman’s trades have generated a -9.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
