CARLSBAD, Calif., Oct. 29, 2024 /PRNewswire/ -- Topgolf Callaway Brands (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") is pleased to announce the release of its 2022-2023 Sustainability Report, demonstrating the progress made since its inaugural report. This update reflects the Company's commitment to responsible business practices across four key focus areas: People, Planet, Product, and Procurement.Since its first report, Topgolf Callaway Brands has intensified efforts to minimize its environme ...

Half-price gameplay offer invites Players to 'come play around'DALLAS, Texas, Oct. 24, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Akron on Nov. 8 in the former BigShots Golf Firestone located at 600 Swartz Road, Akron, Ohio. This is the fourth Topgolf location in the state.Topgolf BasicsTopgolf Akron opens on Friday, Nov. 8, in Akron, OhioNever been to a Topgolf venue? Think of it as a modern golf experience where anyone – including people who have nev ...

The long-awaited venue will be located at 427 Creekside WayDALLAS, Oct. 21, 2024 /PRNewswire/ -- Topgolf announced today it broke ground on a two-level venue located in New Braunfels Town Center at Creekside, a 400+ acre master-planned mixed-use development. The new venue is set to open in late 2025.The BasicsTopgolf breaks ground at New Braunfels Town Center at CreeksideIf you've never been to a Topgolf venue before, think of it as a modern golf experience where anyone – including people who have never pic ...

Topgolf Callaway Brands (MODG) closed the last trading session at $10.43, gaining 1.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $16.42 indicates a 57.4% upside potential. The average comprises 12 short-term price targets ranging from a low of $10 to a high of $38, with a standard deviation of $7.73. While the lowest estimate indicates a decline of 4.1% from the current price ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on k ...

Core Viewpoint - Topgolf Callaway Brands Corp. (MODG) is strategically enhancing its digital business, particularly through the launch of the Topgolf Shop, aimed at making golf more accessible to beginners [1][2]. Digital Business Focus - The company is leveraging its expertise in golf equipment to create a user-friendly website that assists new players in their golfing journey, featuring gear recommendations and resources for skill enhancement [3]. - MODG plans to expand its product offerings on the Topgolf Shop by the end of 2024, including special edition golf balls and exclusive accessories [4]. Market Position and Growth Potential - MODG believes that investing in digital capabilities will enhance its market share and growth opportunities, with significant investments in technology and talent [5]. - In Q2 2024, MODG's digital sales penetration rose by 50 basis points year-over-year to 35%, indicating positive market trends for its digital offerings [6]. Stock Performance and Challenges - MODG's stock has decreased by 29.6% over the past three months, contrasting with a 20.2% growth in the Zacks Leisure and Recreation Products industry, due to challenges like softer traffic and foreign exchange risks [7]. - Despite these headwinds, the company's focus on digital enhancement and product diversification is expected to support long-term success [7].

The website features golf clubs, balls and accessories for beginner golfers DALLAS, Oct. 3, 2024 /PRNewswire/ -- Topgolf and Topgolf Callaway Brands Corp. (NYSE: MODG) announced today the launch of golf equipment website, Topgolf Shop, geared toward providing beginners and off-course Players with a simple way to purchase entry-level golf equipment. The site marries Topgolf Callaway Brands' expertise in golf equipment with Topgolf's commitment to making the game more accessible and fun for beginner golfers. ...

Half-price gameplay offer invites Players to discover the newest place to play DALLAS, Oct. 3, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Bryan on Oct. 18 in the former BigShots venue located at 400 W. Villa Maria Road in Travis Bryan Midtown Park. This is the first BigShots transition since Topgolf Callaway Brands Corp. acquired four domestic BigShots venues in November 2023. Topgolf Basics Topgolf Bryan opens in Travis Bryan Midtown Park on Oct. 18To ...

Topgolf Callaway Brands Corp. (MODG) signed a multiyear agreement with Golf Saudi Entertainment LLC (Golf Saudi) to expand its brands in Saudi Arabia. This deal includes popular brands like Topgolf, Callaway, TravisMathew, Odyssey and Ogio, further supporting the company's global growth. MODG is expanding into the Middle East by partnering with Golf Saudi to establish its presence in Saudi Arabia. This collaboration will introduce innovative offerings and enhance the growth of golf in the region, positionin ...

Core Viewpoint - Topgolf Callaway Brands Corp (NYSE:MODG) is splitting into two distinct businesses, with Callaway focusing on golf equipment and active lifestyle products, while Topgolf will concentrate on golf entertainment [1] Group 1: Company Performance - MODG's stock is currently trading at $10.65, having experienced a decline of 1% [1] - The stock reached a 10-month low of $9.90 on August 30, 2024, and is down 22.6% year-to-date and 36% year-over-year, although it has gained 10.6% over the past week [2] Group 2: Market Sentiment - Short-term options traders are showing bearish sentiment, indicated by a Schaeffer's put/call open interest ratio (SOIR) of 0.87, which is higher than 76% of readings from the past year [2] - Analysts' responses to the separation may vary, with eight out of thirteen analysts maintaining "hold" or worse ratings, and 13.5% of the stock's total float sold short [3]