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Topgolf Callaway Sells Jack Wolfskin to ANTA Sports

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Topgolf Callaway Sells Jack Wolfskin to ANTA Sports

Confident Investing Starts Here:

Topgolf Callaway Brands ( (MODG) ) just unveiled an announcement.

On May 31, 2025, Topgolf Callaway Brands completed the sale of its Jack Wolfskin business to ANTA Sports for $290 million. This transaction marks a strategic shift for the company, allowing it to focus on its core businesses and enhance financial flexibility, particularly in anticipation of separating Topgolf from its core operations.

The most recent analyst rating on (MODG) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Topgolf Callaway Brands stock, see the MODG Stock Forecast page.

Spark’s Take on MODG Stock

According to Spark, TipRanks’ AI Analyst, MODG is a Neutral.

Topgolf Callaway Brands faces significant financial and operational challenges, including persistent losses and high debt levels. While the earnings call and strategic moves like the divestment of Jack Wolfskin provide some relief, the negative valuation and bearish technical indicators weigh heavily on the stock. Improvements in cash flow and potential operational efficiencies offer some hope, but significant risks remain.

To see Spark’s full report on MODG stock, click here.

More about Topgolf Callaway Brands

Topgolf Callaway Brands Corp. (NYSE: MODG) is a tech-enabled Modern Golf and active lifestyle company offering leading golf equipment, apparel, and entertainment. Its portfolio includes global brands such as Topgolf, Callaway Golf, TravisMathew, Odyssey, and OGIO, catering to both on-course and off-course golf enthusiasts.

Average Trading Volume: 2,925,119

Technical Sentiment Signal: Sell

Current Market Cap: $1.13B

Learn more about MODG stock on TipRanks’ Stock Analysis page.

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