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Topgolf Callaway Brands ( (MODG) ) has shared an update.
On January 1, 2026, Topgolf Callaway Brands completed the sale of a 60% stake in its Topgolf and Toptracer businesses to private equity funds managed by Leonard Green & Partners, valuing Topgolf at about $1.1 billion and generating roughly $800 million in net cash proceeds. In connection with the deal, the parties entered into a new operating agreement for Topgolf’s parent entity that gives Leonard Green majority board representation while preserving consent and consultation rights for Topgolf Callaway Brands as long as it retains specified equity thresholds, and includes transfer restrictions, rights of first offer, tag-along rights and quarterly tax distributions for members. Following the closing, announced on January 5, 2026, the company repaid $1 billion of its term loan B debt, reducing total outstanding debt to about $480 million against roughly $680 million in cash, and its board authorized a new $200 million share repurchase program, underscoring a sharper balance-sheet focus and capital return strategy. The company also said it will change its corporate name back to Callaway Golf Company and its NYSE ticker to CALY in mid-January 2026, signaling a strategic repositioning as a more focused, golf-equipment-centric business while retaining a 40% stake and marketing ties to the Topgolf operations.
The most recent analyst rating on (MODG) stock is a Hold with a $12.00 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’ overall stock score reflects a mix of challenges and opportunities. The company’s financial performance is a significant concern due to profitability and cash flow issues. However, positive technical indicators and strategic corporate events, such as the sale of a majority stake in Topgolf, provide a more optimistic outlook. The earnings call further supports this with strong segment growth and increased guidance, although valuation remains a challenge due to negative earnings.
To see Spark’s full report on MODG stock, click here.
More about Topgolf Callaway Brands
Topgolf Callaway Brands, which is reverting its name to Callaway Golf Company, is a premium golf equipment, gear and apparel manufacturer 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 related accessories, targeting golfers and the wider market for performance-focused golf products.
Average Trading Volume: 2,765,569
Technical Sentiment Signal: Hold
Current Market Cap: $2.37B
See more insights into MODG stock on TipRanks’ Stock Analysis page.