Tag: ELY

In a report released today, Rudy Yang from Berenberg Bank reiterated a Buy rating on Callaway Golf (ELY – Research Report), with a price target of $34.00. The company’s shares closed last Thursday at $20.95, close to its 52-week low of $17.78.

According to TipRanks.com, Yang has 0 stars on 0-5 stars ranking scale with an average return of -16.2% and a 15.6% success rate. Yang covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Fox Factory Holding, and Malibu Boats.

Currently, the analyst consensus on Callaway Golf is a Strong Buy with an average price target of $33.75, representing a 65.3% upside. In a report issued on May 12, KeyBanc also maintained a Buy rating on the stock with a $30.00 price target.

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Based on Callaway Golf’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.04 billion and net profit of $86.7 million. In comparison, last year the company earned revenue of $652 million and had a net profit of $273 million.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ELY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 & Other. The Golf Clubs segment comprises of Callaway Golf woods, hybrids, irons and wedges, Odyssey putters, including Toulon Design putters by Odyssey, packaged sets and sales of pre-owned golf clubs. The Golf Balls segment designs, manufactures, and sells Callaway Golf and Strata golf balls. The Gear, Accessories, and Other segment consists of soft goods products which include golf apparel and footwear, golf bags, golf gloves, travel gear, headwear and other golf-related accessories, retail apparel sales from the firm’s joint venture in Japan, and OGIO branded products. The company was founded by Ely Reeves Callaway, Jr. in 1982 and is headquartered in Carlsbad, CA.

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There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Callaway Golf (ELY – Research Report), Home Depot (HD – Research Report) and Coty (COTY – Research Report) with bullish sentiments.

Callaway Golf (ELY)

In a report released today, Randal Konik from Jefferies maintained a Buy rating on Callaway Golf, with a price target of $55.00. The company’s shares closed last Monday at $21.39.

According to TipRanks.com, Konik is a 4-star analyst with an average return of 5.8% and a 50.5% success rate. Konik covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Lulu’s Fashion Lounge Holdings, and Lululemon Athletica.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Callaway Golf with a $34.13 average price target, representing a 59.3% upside. In a report issued on May 11, Berenberg Bank also maintained a Buy rating on the stock with a $37.00 price target.

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Home Depot (HD)

In a report released today, Jonathan Matuszewski from Jefferies maintained a Buy rating on Home Depot, with a price target of $420.00. The company’s shares closed last Monday at $295.99, close to its 52-week low of $280.63.

According to TipRanks.com, Matuszewski is a 3-star analyst with an average return of 4.6% and a 39.8% success rate. Matuszewski covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Best Buy Co, and Leslie’s.

Home Depot has an analyst consensus of Strong Buy, with a price target consensus of $363.18, implying a 23.5% upside from current levels. In a report issued on May 6, Gordon Haskett Capital Corporation also maintained a Buy rating on the stock with a $330.00 price target.

Coty (COTY)

In a report released yesterday, Stephanie Wissink from Jefferies maintained a Buy rating on Coty, with a price target of $14.00. The company’s shares closed last Monday at $6.26, close to its 52-week low of $6.03.

According to TipRanks.com, Wissink is a 1-star analyst with an average return of -1.4% and a 42.6% success rate. Wissink covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, National Vision Holdings, and Natura & Co Holding.

Currently, the analyst consensus on Coty is a Moderate Buy with an average price target of $10.87, which is a 65.7% upside from current levels. In a report issued on May 11, D.A. Davidson also maintained a Buy rating on the stock with a $10.25 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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