12 Best Leisure Stocks to Buy Right Now

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10. Topgolf Callaway Brands Corp. (NYSE:MODG)

Number of Hedge Fund Holders: 33

Topgolf Callaway Brands Corp. (NYSE:MODG) is a golf and active lifestyle company that provides golf entertainment experiences. It also designs, manufactures, and sells active lifestyle and golf apparel and accessories. The company’s brand portfolio includes Topgolf, Callaway Golf, Odyssey, TravisMathew, Jack Wolfskin, OGIO, Toptracer, and World Golf Tour. Its segments include Topgolf, Golf Equipment, and Active Lifestyle.

Despite top-line pressure, the company delivered $337 million in EBITDA and approximately 34% venue-level EBITDA margins in fiscal Q4 2024 at Topgolf. It also delivered over $100 million in free cash flow.

Topgolf Callaway Brands Corp.’s (NYSE:MODG) total company free cash flow reached $203 million, above expectations and further strengthening its financial position. Management expressed confidence in the company’s operations in 2025 on the product side of its business, the health of its Golf Equipment category, and its 2025 product lineup.

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