Published on 21 Feb 2024 on Insider Monkey via Yahoo Finance

Does Topgolf Callaway Brands Corp. (MODG) Have Significant Room for Growth?

Polen Capital, an investment management company, released its “Polen U.S. Small Company Growth Strategy” fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered 10.46% gross and 10.22% net of fees compared to a 12.75% return for the Russell 2000 Growth Index. The firm views the performance in many respects as evidence of the stability of its investment approach in the face of frequent and significant market swings. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Polen U.S. Small Company Growth Strategy featured stocks such as Topgolf Callaway Brands Corp. (NYSE:MODG) in the fourth quarter 2023 investor letter. Headquartered in Carlsbad, California, Topgolf Callaway Brands Corp. (NYSE:MODG) manufactures and distributes golf equipment and accessories. On February 20, 2024, Topgolf Callaway Brands Corp. (NYSE:MODG) stock closed at $14.59 per share. One-month return of Topgolf Callaway Brands Corp. (NYSE:MODG) was 4.07%, and its shares lost 37.89% of their value over the last 52 weeks. Topgolf Callaway Brands Corp. (NYSE:MODG) has a market capitalization of $2.692 billion.

Polen U.S. Small Company Growth Strategy stated the following regarding Topgolf Callaway Brands Corp. (NYSE:MODG) in its fourth quarter 2023 investor letter: