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ELY Callaway Golf

Callaway Golf Company is a premium golf equipment and active lifestyle company with a portfolio of global brands, including Callaway Golf, Odyssey, OGIO, TravisMathew and Jack Wolfskin. Through an unwavering commitment to innovation, Callaway manufactures and sells premium golf clubs, golf balls, golf and lifestyle bags, golf and lifestyle apparel and other accessories.

Company profile

Ticker
ELY
Exchange
CEO
Oliver Brewer
Employees
Incorporated
Location
Fiscal year end
Former names
CALLAWAY GOLF, CALLAWAY GOLF CO /CA, CALLAWAY GOLF COMPANY
SEC CIK
IRS number
953797580

ELY stock data

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Calendar

10 May 21
27 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 397.29M 397.29M 397.29M 397.29M 397.29M 397.29M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 5.84M 26.21M (positive/no burn)
Cash used (since last report) n/a n/a n/a 22.67M 101.72M n/a
Cash remaining n/a n/a n/a 374.61M 295.57M n/a
Runway (months of cash) n/a n/a n/a 64.1 11.3 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 21 Oliver G Brewer Iii Common Stock Sell Dispose S No Yes 37.211 497,537 18.51M 0
1 Jun 21 Oliver G Brewer Iii Common Stock Option exercise Aquire M No Yes 6.52 497,537 3.24M 497,537
1 Jun 21 Oliver G Brewer Iii NQSO Common Stock Option exercise Dispose M No No 6.52 497,537 3.24M 0
26 May 21 Glenn F. Hickey Common Stock Sell Dispose S No Yes 37.21 1,746 64.97K 17,296
19 May 21 Erik J Anderson RSU Common Stock Grant Aquire A No No 0 4,063 0 4,063
19 May 21 Armacost Samuel H RSU Common Stock Grant Aquire A No No 0 4,063 0 4,063
19 May 21 Baxter Scott H RSU Common Stock Grant Aquire A No No 0 4,063 0 4,063
9 Mar 21 Oliver G Brewer Iii Common Stock Gift Aquire G Yes No 0 266,545 0 266,545
9 Mar 21 Oliver G Brewer Iii Common Stock Gift Aquire G Yes No 0 37,080 0 447,353
9 Mar 21 Oliver G Brewer Iii Common Stock Gift Aquire G Yes No 0 88,848 0 88,848

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 296 2 +14700.0%
Opened positions 294 0 NEW
Closed positions 0 232 EXIT
Increased positions 1 0 NEW
Reduced positions 1 2 -50.0%
13F shares
Current Prev Q Change
Total value 4.65B 96.02M +4737.7%
Total shares 166.86M 4M +4072.2%
Total puts 1.01M 0 NEW
Total calls 3.11M 0 NEW
Total put/call ratio 0.3
Largest owners
Shares Value Change
PEP TG Investments 28.91M $853.28M NEW
DDFS Partnership 18.59M $548.86M NEW
WestRiver Management 18.26M $539.03M NEW
BLK Blackrock 14.94M $399.7M NEW
Vanguard 7.99M $213.84M NEW
Requisite Capital Management 5.54M $148.09M NEW
WFC Wells Fargo & Co. 3.7M $98.86M NEW
BK Bank Of New York Mellon 3.65M $97.56M NEW
Fisher Asset Management 3.43M $91.86M NEW
Citadel Advisors 3.16M $84.48M NEW
Largest transactions
Shares Bought/sold Change
PEP TG Investments 28.91M +28.91M NEW
DDFS Partnership 18.59M +18.59M NEW
WestRiver Management 18.26M +18.26M NEW
BLK Blackrock 14.94M +14.94M NEW
Vanguard 7.99M +7.99M NEW
Requisite Capital Management 5.54M +5.54M NEW
WFC Wells Fargo & Co. 3.7M +3.7M NEW
BK Bank Of New York Mellon 3.65M +3.65M NEW
Fisher Asset Management 3.43M +3.43M NEW
Citadel Advisors 3.16M +3.16M NEW

Financial report summary

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Competition
BridgestoneAcushnet
Risks
  • The Company, including Topgolf, its franchisees and its licensees, may face increased labor costs or labor shortages that could slow growth and adversely affect its business, results of operations and financial condition.
  • The outbreak and spread COVID-19 has had, and is expected to continue to have, a material adverse impact on Topgolf’s business, operations and financial condition for an extended period of time.
  • Topgolf’s growth strategy depends in part on its and its franchisees’ ability to open new venues in existing and new markets.
  • There can be no guarantee that a sufficient number of suitable venue sites will be available in desirable areas or on terms that are acceptable to Topgolf in order to achieve its growth plan, or that Topgolf will be successful in addressing the other risks set forth above in a manner that will allow it to open new venues in a timely and cost-effective manner or at all. If Topgolf is unable to open new venues, or if venue openings are significantly delayed or face other obstacles, Topgolf’s revenue and earnings growth could be adversely affected and its business negatively impacted. New venues,
  • once opened, may not be profitable or may close, which would adversely affect Topgolf’s business, results of operations and financial condition, and ability to execute its growth strategy.
  • The markets in which Topgolf operates are highly competitive, and its inability to compete effectively could have a material adverse effect on Topgolf’s business, results of operations, financial condition and growth prospects.
  • Topgolf has incurred operating losses in the past, expects to incur operating losses in the future, and may not achieve or maintain profitability.
  • Some of Topgolf’s products and services contain open source software, which may pose particular risks to its proprietary software, technologies, products, and services in a manner that could harm its business.
  • Topgolf, its franchisees and its licensees are subject to many federal, state, local and foreign laws, as well as other statutory and regulatory requirements, with which compliance is both costly and complex. Failure by Topgolf, its franchisees or its licensees to comply with, or changes in these laws or requirements, could have an adverse impact on its business.
  • Topgolf may not be able to obtain and maintain licenses and permits necessary to operate venues in compliance with applicable laws, regulations and other requirements, which could adversely affect its business, results of operations and financial condition.
  • Instances of food-borne illness and outbreaks of disease could negatively impact Topgolf’s business.
  • Guest complaints, litigation on behalf of guests or Associates or other proceedings may adversely affect Topgolf’s business, results of operations and financial condition.
  • The venues business line is susceptible to the availability and cost of food commodities and other supplies, some of which are available from a limited number of suppliers, which subjects Topgolf to possible risks of shortages, interruptions and price fluctuations.
  • Topgolf may become subject to liabilities or other costs under environmental, health and human safety laws that could increase operating expenses and adversely affect Topgolf’s business, results of operations and financial condition.
Management Discussion
  • The Company designs, manufactures and sells a full line of high quality golf equipment, including golf clubs and golf balls, and apparel, gear and other products. The Company designs its golf products to be technologically advanced and in this regard invests a considerable amount in research and development each year. The Company designs its golf products for golfers of all skill levels, both amateur and professional. In addition, the Company designs and sells a full line of high quality soft goods, including golf bags, apparel, footwear and other golf accessories. In 2017, the Company expanded its soft goods lines with the acquisitions of OGIO and TravisMathew. Under the OGIO brand, the Company offers a full line of premium personal storage gear for sport and personal use and accessories. TravisMathew offers a full line of premium golf and lifestyle apparel as well as footwear and accessories. In January 2019, the Company completed the acquisition of JW Stargazer Holding GmbH, the owner of the international, premium outdoor apparel, gear and accessories brand, Jack Wolfskin. This acquisition further enhanced the Company's lifestyle category and provides a platform for future growth in the active outdoor and urban outdoor categories. The Company's soft goods under the Callaway, OGIO, TravisMathew and Jack Wolfskin brands are largely designed and developed internally.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Bad
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