Topgolf Callaway Brands
MODG

$10.20

3.77%

Market Cap: $1.87B

About: Topgolf Callaway Brands Corp is a modern golf and active lifestyle company that provides world-class golf entertainment experiences, designs and manufactures premium golf equipment, and sells golf and active lifestyle apparel and other accessories through brands such as, Topgolf, Callaway Golf, Odyssey, TravisMathew, Jack Wolfskin, OGIO and Toptracer. The company's reportable segments are; Topgolf, Golf Equipment and Active Lifestyle. Majority of the revenue is generated from its Topgolf segment which is predominantly comprised of service revenues and expenses from the company operated Topgolf venues, Toptracer ball-flight tracking technology, and WGT digital golf game. Geographically, majority of the revenue for the company is derived from United States.

Employees: 32,000

Consumer Discretionary Sporting & Athletic Goods

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

66% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 32

7% more funds holding

Funds holding: 287 [Q1] → 308 (+21) [Q2]

1.88% more ownership

Funds ownership: 85.66% [Q1] → 87.54% (+1.88%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q1] → 7 (+0) [Q2]

3% less capital invested

Capital invested by funds: $2.54B [Q1] → $2.46B (-$81.3M) [Q2]

16% less repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 105

48% less call options, than puts

Call options by funds: $16.4M | Put options by funds: $31.6M

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Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$10

2%

downside

Avg. target

$14.11

38%

upside

High target

$17

67%

upside

9 analyst ratings

4 positive

44%

4 neutral

44%

1 negative

11%

B of A Securities Alexander Perry 50% 1-year accuracy 2 / 4 met price target	37%upside $14	Neutral Maintained	5 Sept 2024
Roth MKM George Kelly 50% 1-year accuracy 24 / 48 met price target	67%upside $17	Buy Reiterated	5 Sept 2024
Jefferies Randal Konik 80% 1-year accuracy 8 / 10 met price target	18%upside $12	Hold Downgraded	29 Aug 2024
Goldman Sachs Kate McShane 66% 1-year accuracy 31 / 47 met price target	37%upside $14	Neutral Maintained	9 Aug 2024
Raymond James Joseph Altobello 47% 1-year accuracy 8 / 17 met price target	37%upside $14	Outperform Maintained	8 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 15 articles about MODG published over the past 30 days

CNBC Television

Three-Stock Lunch: Target, Exxon Mobil, and Topgolf

Boris Schlossberg, managing director of FX Strategy at BK Asset Management, joins 'Power Lunch' to discuss his investing take on three stocks: Target, Exxon Mobil, and Topgolf.

Three-Stock Lunch: Target, Exxon Mobil, and Topgolf

CNBC Television

Herb Greenberg on the dealmaking landscape for U.S. Steel, Verizon and Topgolf

Herb Greenberg, Herb Greenberg on the Street editor, joins 'Squawk on the Street' to discuss the current dealmaking environment, what to glean from the Topgolf deal, and much more.

Herb Greenberg on the dealmaking landscape for U.S. Steel, Verizon and Topgolf

Schaeffers Research

Topgolf Callaway Slices, Announces Spinoff

Topgolf Callaway Brands Corp (NYSE:MODG) is down 1% to trade at $10.65, but earlier was higher, after the entertainment and retail company announced it will split into two separate businesses.

Topgolf Callaway Slices, Announces Spinoff

Topgolf Callaway Stock Rises on Plans To Split Just 3 Years After Merger

Shares of Topgolf Callaway Brands (MODG) rose about 5% in premarket trading Thursday, a day after announcing plans to split back into two separate companies just three years after their merger was completed.

Topgolf Callaway Stock Rises on Plans To Split Just 3 Years After Merger

Topgolf Callaway wants to split up after a little more than three years. Here's what could complicate the breakup.

After some three-and-a-half years together, Topgolf — a driving-range and entertainment chain — and Callaway, a maker of golf clubs and golf balls, could soon find themselves on their own.

Topgolf Callaway wants to split up after a little more than three years. Here's what could complicate the breakup.

TOPGOLF CALLAWAY BRANDS ANNOUNCES INTENT TO SEPARATE INTO TWO INDEPENDENT COMPANIES

Separation Will Create a Leading Golf Equipment and Active Lifestyle Company with Strong Free Cash Flow and the Category Leading, High-Growth, Pure-Play Venue-Based Golf Entertainment Business Both Businesses Will Have Strong Balance Sheets, Positive Free Cash Flow and the Required Scale to be Leaders in Their Respective Markets CARLSBAD, Calif. , Sept. 4, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands," "we," "our," "us") (NYSE: MODG) today announced that its Board of Directors intends to pursue the separation of its business into two independent companies: Callaway, a leader in golf equipment with a highly complementary Active Lifestyle business, with last twelve months revenue through Q2 2024 of approximately $2.5 billion (including Toptracer); and Topgolf, a category leading, high-growth, pure-play venue-based golf entertainment business, with last twelve months revenue through Q2 2024 of approximately $1.8 billion (excluding Toptracer).

TOPGOLF CALLAWAY BRANDS ANNOUNCES INTENT TO SEPARATE INTO TWO INDEPENDENT COMPANIES

Topgolf Greensboro Opens Its Doors Friday, Sept. 13

The two-level venue will be located along I-40 at Guilford College Road DALLAS , Aug. 29, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Greensboro on Friday, Sept. 13. This is the fourth Topgolf venue in North Carolina including locations in Charlotte and Durham.

Topgolf Greensboro Opens Its Doors Friday, Sept. 13

24/7 Wall Street

I Love TopGolf, but Here Are 3 Reasons I Will Never Buy The Stock

August has been a month to forget for Topgolf Callaway Brands (NYSE:MODG), whose share price has lost 32% through Aug.

I Love TopGolf, but Here Are 3 Reasons I Will Never Buy The Stock

Avoid Topgolf's stock, as nothing has worked to boost traffic, analyst says

Shares of Topgolf Callaway Brands Corp. sank toward a nine-month low Friday as the continued deterioration of traffic at the golf lifestyle and equipment company's venues prompted a double downgrade at Raymond James.

Avoid Topgolf's stock, as nothing has worked to boost traffic, analyst says

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