Callaway Stock Just Had a Blowout Quarter. But Is the Stock a Buy?

Callaway (NYSE: ELY), one of the leading golf brands worldwide, released a fantastic first-quarter earnings report last week, sending shares of the stock up with it. Backed by the surging U.S. golf market, sales and profits from all of Callaway's divisions were up substantially in Q1. The company also recently closed on its $2.66 billion Topgolf acquisition, bringing a stellar entertainment brand and technology company under its umbrella.

Callaway knocked it out of the park with these Q1 results. But is the stock a buy? Let's take a look.

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Source Fool.com