Why Topgolf Callaway Stock Was a Solid Hit in March [Yahoo! Finance]
Topgolf Callaway Brands Corp. (MODG)
Company Research
Source: Yahoo! Finance
Shares of the golf and entertainment company climbed 13.6% in March, according to data provided by S&P Global Market Intelligence , as the market digested buyout talk from overseas. Will Topgolf get a merger mulligan? Topgolf Callaway was formed by a 2021 merger that, although seemingly logical at the time, has not been a hit with investors. Callaway is one of the most storied names in golf with a full line of products including clubs, balls, and apparel. Topgolf, meanwhile, is a chain of golf-related entertainment centers catering to consumers who enjoy swinging the club but who might not want to commit to playing a full 18 holes. But the company has struggled to stay in the fairway, and shares have lost about half of their value since 2021. Now, the company's largest shareholders are reportedly considering unwinding what they put together. South Korea's Chosun Daily said that major TopGolf shareholders including Blackrock Advisors , Providence Equity Partners, and Thomas Dun
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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