Published: Mon, January 01, 2018
Business | By Tara Barton

DA Davidson Reiterates $18.00 Price Target for Callaway Golf (ELY)


Callaway Golf Company (NYSE:ELY) has risen 39.56% since December 29, 2016 and is uptrending. The hedge fund run by Mariko Gordon held 3.85M shares of the recreational products and toys company at the end of 2017Q3, valued at $55.62M, up from 3.82M at the end of the previous reported quarter. The stock decreased 1.28% or $0.18 during the last trading session, reaching $13.88. The latest exchange of 1.03 Million shares is below its average trading activity of 916.68 Million shares. It has outperformed by 22.86% the S&P500.The move comes after 5 months negative chart setup for the $1.31B company. (NYSE:THC) earned "Neutral" rating by Piper Jaffray on Wednesday, January 4. Another trade for 8,503 shares valued at $127,120 was made by Thomas Jennifer L. on Thursday, October 26. Thompson Davis holds 0.01% or 250 shares in its portfolio.

In related news, insider Neil Howie sold 70,089 shares of the business's stock in a transaction that occurred on Tuesday, March 21st. Express Scripts Holding Company (NASDAQ:ESRX) has declined 16.92% since December 30, 2016 and is downtrending.

Investors sentiment decreased to 0.95 in Q3 2017. Its up 0.06, from 0.56 in 2017Q2.

Large investors have recently bought and sold shares of the business. 486.80 million shares or 2.59% less from 499.72 million shares in 2017Q2 were reported. Commonwealth Bank & Trust Of Aus stated it has 40,300 shares. U S Invsts accumulated 83,000 shares. Cibc Asset Management holds 0.03% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX) for 75,005 shares. 66,082 are held by Creative Planning.

Alta Advisers Ltd decreased Alibaba Group Hldg Ltd (BABA) stake by 70.86% reported in 2017Q3 SEC filing. Royal Commercial Bank Of Canada accumulated 1.01 million shares. Bluefin Trading Limited Liability Company accumulated 84,419 shares. Commerzbank Aktiengesellschaft Fi reported 0.02% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Grp Inc holds 570,654 shares. Voya Invest Ltd reported 11,636 shares. Grace And White Incorporated Ny holds 2.02% or 673,216 shares in its portfolio. Ubs Asset Mgmt Americas reported 11,700 shares stake.

Bernzott Capital Advisors, which manages about $528.67M and $701.09 million US Long portfolio, decreased its stake in Vanguard Veu (VEU) by 12,506 shares to 44,796 shares, valued at $2.36 million in 2017Q3, according to the filing.

Symantec (SYMC) Upgraded by BidaskClub to "Hold"
Texas-based Vaughan Nelson Investment Mngmt Limited Partnership has invested 0.51% in The Hartford Financial Services Group, Inc. Ameriprise reported 1.20M shares. 136.72 million shares or 0.41% less from 137.29 million shares in 2017Q2 were reported.

Among 23 analysts covering Express Scripts (NASDAQ:ESRX), 10 have Buy rating, 3 Sell and 10 Hold. Therefore 21% are positive. Alibaba had 156 analyst reports since August 12, 2015 according to SRatingsIntel. On Thursday, June 30 the stock rating was initiated by FBR Capital with "Outperform".

Currently, the stock carries a price to earnings ratio of 7.36, a price to book ratio of 2, and a price to sales ratio of 1.31. FIG Partners downgraded the shares of RF in report on Wednesday, February 24 to "Underperform" rating. Raymond James downgraded Regions Financial Corporation (NYSE:RF) on Thursday, October 6 to "Outperform" rating. The firm has "Buy" rating by KeyBanc Capital Markets given on Wednesday, November 22. Bernstein upgraded the stock to "Market Perform" rating in Wednesday, December 6 report. Wells Fargo And Com Mn owns 1.25M shares or 0.01% of their United States portfolio. Ten analysts have provided estimates for Callaway Golf's earnings, with estimates ranging from $174.58 million to $191.00 million. BABA's profit will be $3.72B for 29.66 P/E if the $1.45 EPS becomes a reality. After $0.05 actual earnings per share reported by Callaway Golf Company for the previous quarter, Wall Street now forecasts -460.00 % negative EPS growth. Its down 0.25, from 1.44 in 2017Q2.

Callaway Golf Company (NYSE:ELY) is worth US$1.34 Billion and has recently risen 0.29% to US$14.06. 28 funds opened positions while 72 raised stakes. Los Angeles Capital And Equity Research holds 0% or 33,670 shares. Moreover, Hl Llc has 0.07% invested in Callaway Golf Company (NYSE:ELY) for 242,213 shares. Advisory Ser Ntwk Limited Liability, a Georgia-based fund reported 576 shares.

City Of London Investment Management Co Ltd holds 4.44% of its portfolio in Morgan Stanley Emerging Markets Fund, Inc. for 3.53 million shares. Suntrust Banks Inc holds 0% of its portfolio in Callaway Golf Company (NYSE:ELY) for 10,151 shares. Louisiana State Employees Retirement Sys stated it has 38,200 shares or 0.03% of all its holdings. Diamond Hill Capital accumulated 279,527 shares. Paloma Prtn Mgmt holds 51,760 shares. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/01/01/181-42-million-in-sales-expected-for-callaway-golf-company-ely-this-quarter.html.

ILLEGAL ACTIVITY WARNING: "JPMorgan Chase & Co". Finally, KeyCorp set a $16.00 price objective on shares of Callaway Golf and gave the stock a buy rating in a research report on Saturday, October 21st. Therefore 41% are positive. Finally, Aegis began coverage on Callaway Golf in a research report on Friday, August 25th. Argus Research initiated Vodafone Group Plc (NASDAQ:VOD) on Tuesday, September 20 with "Hold" rating. KeyBanc Capital Markets maintained Callaway Golf Company (NYSE:ELY) on Thursday, August 31 with "Overweight" rating. The rating was initiated by Compass Point on Friday, September 9 with "Neutral". They set a buy rating and a $16.00 price target on the stock. The firm earned "Outperform" rating on Tuesday, February 7 by Imperial Capital. (NYSE:THC) on Thursday, December 14 to "Underweight" rating. Jefferies has "Buy" rating and $1800 target. $759,935 worth of Callaway Golf Company (NYSE:ELY) shares were sold by Hocknell Alan. Jefferies Group reaffirmed a buy rating and set a $18.00 price target on shares of Callaway Golf in a research report on Thursday, September 7th. The insider Leposky Mark F sold 31,691 shares worth $443,674. Ameriprise Fincl stated it has 1.21 million shares. It also reduced its holding in Osi Systems Inc (NASDAQ:OSIS) by 18,693 shares in the quarter, leaving it with 648,735 shares, and cut its stake in Abm Inds Inc (NYSE:ABM).

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