Topgolf Callaway Sells 60% Stake for $800M Cash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
0mins
Source: NASDAQ.COM
- Successful Stake Sale: Topgolf Callaway Brands has completed the sale of a 60% stake in its Topgolf and Toptracer businesses, valuing the transaction at approximately $1.1 billion, which has provided the company with about $800 million in net cash proceeds, significantly enhancing its liquidity and financial flexibility.
- Debt Repayment: Following the transaction, the company repaid $1 billion of its term loan B borrowings, reducing financial leverage and improving its capital structure, thereby providing greater room for future investments and growth.
- Share Repurchase Program: The board has authorized a share repurchase program of up to $200 million, aimed at enhancing shareholder value and boosting market confidence, which is expected to have a positive impact on the stock price.
- Brand Restructuring: The company plans to revert its name back to Callaway Golf Company by January 15, 2026, and change its NYSE ticker symbol to CALY, aiming to strengthen its brand image and attract more investor attention.
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Analyst Views on MODG
Wall Street analysts forecast MODG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MODG is 11.56 USD with a low forecast of 10.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 14.680
Low
10.00
Averages
11.56
High
14.00
Current: 14.680
Low
10.00
Averages
11.56
High
14.00
About MODG
Callaway Golf Company, formerly Topgolf Callaway Brands Corp., is a golf equipment, gear and apparel company with a portfolio of global brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. The Company designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories. The Company's golf equipment business is comprised of Callaway Golf-branded woods, hybrids, irons, wedges, Odyssey putters, packaged sets, and Callaway Golf and Strata-branded golf balls, as well as the sale of pre-owned golf clubs. The Company's active lifestyle business is comprised of soft goods products under its Callaway Golf, TravisMathew, and OGIO brands. The Callaway Golf soft goods brand offers a full line of golf apparel, footwear, gear and accessories. TravisMathew offers a full line of golf and lifestyle apparel as well as footwear and accessories. The OGIO brand offers a full line of personal storage gear for sport and personal use and accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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