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CALYCallaway Golf CompanyHold6.1·$15.75+0.19%
HoldModerate Confidence
Investment thesis

A perfect four-quarter earnings beat streak with an extraordinary average surprise magnitude, a technically confirmed uptrend, and a 9/9 Piotroski score signal that the underlying business is in sound health — the setup favors holding an existing position but the stock has closed most of the gap to near-term resistance, limiting the case for adding aggressively.

Thesis pillars

  • Extraordinary Earnings Beat StreakDeteriorating
  • Near Perfect Financial Health ScoreStable
  • Confirmed Bullish Technical SetupImproving
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Callaway Golf Company (CALY) Stock Analysis

HoldVALUE-TRAP 1/5GrowthQualityModerate Confidence

Consumer Cyclical · Leisure

Hold if already holding. Not a fresh buy at $15.75, but acceptable to hold if already in. Reasons: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.0); Sector modifier (Consumer Cyclical): -1.5.

Callaway Golf designs, manufactures, and sells golf clubs, golf balls, and soft goods under Callaway, Odyssey, TravisMathew, and OGIO brands through two segments: Golf Equipment and Apparel, Gear & Other. Products are sold wholesale to golf retailers and directly to consumers... Read more

$15.75+14.0% A.UpsideScore 6.1/10#4 of 14 Leisure
QualityF-score9 / 9FCF yield3.36%
Stop $14.94Target $17.92(analyst − 13%)A.R:R 2.7:1
Analyst target$20.60+30.8%10 analysts
$17.92our TP
$15.75price
$20.60mean
$23

Hold if already holding. Not a fresh buy at $15.75, but acceptable to hold if already in. Reasons: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.0); Sector modifier (Consumer Cyclical): -1.5. Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 6.1/10, moderate confidence.

Passes 8/8 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news boost analyst 0.40, earnings proximity 62d clear, semi cycle peak clear, materials cycle peak clear). Suitability: aggressive.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Nov 5, 202662d to earnings· next earnings call

Thesis

Rewards
Strong earnings beat streak (4/4)
Positive news sentiment (+1.00)
Recent Analyst detected in news
Risks
V7 low-quality RISK_OFF penalty: -0.5 (Q=5.0)
Sector modifier (Consumer Cyclical): -1.5

Key Metrics

P/E (TTM)36.6
P/E (Fwd)18.0
Mkt Cap$2.8B
EV/EBITDA11.4
Profit Mgn-12.4%
ROE3.5%
Rev Growth2.0%
Beta0.96
DividendNone
Rating analysts18

Quality Signals

Piotroski F9/9MoatNarrow

Options Flow

P/C1.50bearish
IV42%normal
Max Pain$10-36.5% vs spot

Concentration Risks(10-K Item 1A)

  • LOWCustomertop-5 consolidated customers21%
    10-K Item 1A: 'Our top five customers accounted for approximately 21%, 22% and 23% of our consolidated revenues in 2025, 2024 and 2023, respectively.'
  • LOWCustomerGolf Equipment top-5 customers24%
    10-K Item 1A: 'Golf Equipment top five customers accounted for approximately 24%, 26% and 25% of total consolidated Golf Equipment sales in 2025'
  • MEDIUMCustomerApparel, Gear top-5 customers25%
    10-K Item 1A: 'Apparel, Gear and Other top five customers accounted for approximately 25%, 24% and 26% of total consolidated Apparel, Gear and Other sales in 2025'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 floor-breaker

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Quality Rank
0.9
Value Rank
2.8
Growth Rank
2.9
GatesMomentum 6.1>=5.5A.R:R 2.7 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS BOOST ANALYST 0.40EARNINGS PROXIMITY 62d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
36 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $15.40Resistance $18.02

Price Targets

$15
$18
A.Upside+14.0%
A.R:R2.7:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeRisk-Off

Risk Alerts

! News modifier +2: SELL_IF_HOLDING → HOLD_IF_HOLDING

Earnings

B
B
B
B
4/4 beats
Next Earnings2026-11-05 (62d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is CALY stock a buy right now?

Hold if already holding. Not a fresh buy at $15.75, but acceptable to hold if already in. Reasons: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.0); Sector modifier (Consumer Cyclical): -1.5. Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $17.92 (+13.8%), stop $14.94 (−5.4%), A.R:R 2.7:1. Score 6.1/10, moderate confidence.

What is the CALY stock price target?

Take-profit target: $17.92 (+14.0% upside). Target $17.92 (+13.8%), stop $14.94 (−5.4%), A.R:R 2.7:1. Stop-loss: $14.94.

What are the risks of investing in CALY?

V7 low-quality RISK_OFF penalty: -0.5 (Q=5.0); Sector modifier (Consumer Cyclical): -1.5.

Is CALY overvalued or undervalued?

Callaway Golf Company trades at a P/E of 36.6 (forward 18.0). TrendMatrix value score: 7.0/10. Verdict: Hold.

What do analysts say about CALY?

18 analysts cover CALY with a consensus score of 3.7/5. Average price target: $21.

What does Callaway Golf Company do?Callaway Golf designs, manufactures, and sells golf clubs, golf balls, and soft goods under Callaway, Odyssey,...

Callaway Golf designs, manufactures, and sells golf clubs, golf balls, and soft goods under Callaway, Odyssey, TravisMathew, and OGIO brands through two segments: Golf Equipment and Apparel, Gear & Other. Products are sold wholesale to golf retailers and directly to consumers globally; following the January 2026 Topgolf divestiture, the company employs approximately 4,000 people in 25 countries.

Related stocks: AS (Amer Sports, Inc.) · YETI (YETI Holdings, Inc.) · HAS (Hasbro, Inc.) · PTON (Peloton Interactive, Inc.) · MAT (Mattel, Inc.)
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