Escalade Inc. (ESCA) Upgraded by Zacks Investment Research to Hold
Escalade Inc. (NASDAQ:ESCA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Escalade, Incorporated is a diversified company engaged in the manufacture and sale of sporting goods products and office and graphic arts products. The company offers a broad and complete product selection that is built on innovation and cutting edge product design. These diverse products include table tennis tables and equipment; pool tables and equipment; other game tables which include table soccer, table hockey, and multi games; basketball systems; and archery Equipment. “
Separately, Wunderlich lowered their target price on Escalade from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, June 20th.
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Escalade (NASDAQ:ESCA) traded down 1.63% during mid-day trading on Tuesday, reaching $12.10. 8,073 shares of the company were exchanged. Escalade has a 12 month low of $9.70 and a 12 month high of $18.90. The stock’s 50-day moving average is $12.42 and its 200-day moving average is $11.27. The company has a market cap of $172.68 million, a P/E ratio of 19.84 and a beta of 0.37.
Escalade (NASDAQ:ESCA) last released its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $48.50 million for the quarter, compared to analyst estimates of $44.35 million. Escalade had a return on equity of 8.99% and a net margin of 5.38%. Equities analysts expect that Escalade will post $0.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Monday, September 12th were given a $0.11 dividend. The ex-dividend date was Thursday, September 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.64%. Escalade’s dividend payout ratio (DPR) is 72.13%.
Several institutional investors have recently added to or reduced their stakes in the stock. Minerva Advisors LLC raised its position in Escalade by 19.8% in the second quarter. Minerva Advisors LLC now owns 415,960 shares of the company’s stock worth $4,260,000 after buying an additional 68,738 shares during the period. North Star Investment Management Corp. raised its stake in shares of Escalade by 31.8% in the second quarter. North Star Investment Management Corp. now owns 340,205 shares of the company’s stock worth $3,484,000 after buying an additional 82,104 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Escalade by 0.9% in the second quarter. Vanguard Group Inc. now owns 303,389 shares of the company’s stock worth $3,107,000 after buying an additional 2,794 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its stake in shares of Escalade by 2.6% in the second quarter. Grandeur Peak Global Advisors LLC now owns 290,350 shares of the company’s stock worth $2,973,000 after buying an additional 7,394 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Escalade by 9.0% in the second quarter. BlackRock Fund Advisors now owns 275,085 shares of the company’s stock worth $2,817,000 after buying an additional 22,650 shares during the last quarter. Institutional investors and hedge funds own 24.70% of the company’s stock.
Escalade Company Profile
Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.
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