Topgolf Callaway spikes after unconfirmed report of potential sale [Seeking Alpha]
Topgolf Callaway Brands Corp. (MODG)
Company Research
Source: Seeking Alpha
No other major media source yet has confirmed the report yet. Major shareholders BlackRock Advisors LLC , Providence Equity Partners LLC, and Thomas Dundon were said to have selected a lead manager and be in the process of selling their stakes and management rights. The plan as reported is for the company to spin off the Topgolf entertainment business and sell the Callaway Golf equipment and apparel business for about $2.98B. Chosun Daily said a strategic South Korean investor is in the running to land the Callaway Golf business. Of note, Titleist was acquired by KRX-listed FILA Holdings Corp. in 2011 and TaylorMade was also sold to Seoul-based private equity firm Centroid Investment Partners LC in 2021. Topgolf Callaway Brands Corp. ( MODG ) finished 2023 ranked at the top of U.S. market share for total clubs, woods, drivers, fairway woods, hybrids and irons. The Topgolf business opened 11 new venues in 2023 and acquired the BigShots franchise, while expanding venue-level margi
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MODG
News
- Topgolf Callaway Brands Corp. (NYSE: MODG) had its price target raised by analysts at B. Riley from $18.00 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- Topgolf Callaway Brands to Release First Quarter 2024 Financial ResultsPR Newswire
- Topgolf Callaway Brands Corp. (NYSE: MODG) had its price target raised by analysts at Truist Financial Co. from $18.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- [Latest] Global Golf Training Aids Market Size/Share Worth USD 4.6 Billion by 2033 at a 5.7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) [Yahoo! Finance]Latest
- Topgolf Callaway Brands (NYSE:MODG) shareholders have endured a 47% loss from investing in the stock three years ago [Yahoo! Finance]Yahoo! Finance
MODG
Earnings
- 2/13/24 - Beat
MODG
Sec Filings
- 4/24/24 - Form 4
- 4/18/24 - Form ARS
- 4/18/24 - Form DEFA14A
- MODG's page on the SEC website