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 report issued to clients and investors 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 price target on Escalade from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, June 20th.
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Escalade (NASDAQ:ESCA) traded down 1.63% during trading on Tuesday, hitting $12.10. The company had a trading volume of 8,073 shares. Escalade has a one year low of $9.70 and a one year high of $18.90. The stock has a 50-day moving average of $12.42 and a 200 day moving average of $11.27. The company has a market capitalization of $172.68 million, a price-to-earnings ratio of 19.84 and a beta of 0.37.
Escalade (NASDAQ:ESCA) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $48.50 million for the quarter, compared to the consensus estimate of $44.35 million. Escalade had a return on equity of 8.99% and a net margin of 5.38%. Equities analysts forecast that Escalade will post $0.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Monday, September 12th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, September 8th. Escalade’s payout ratio is 72.13%.
Institutional investors have recently bought and sold shares of the stock. Teachers Advisors Inc. increased its position in Escalade by 1.2% in the second quarter. Teachers Advisors Inc. now owns 14,245 shares of the company’s stock valued at $146,000 after buying an additional 167 shares during the last quarter. State Street Corp increased its position in Escalade by 0.8% in the first quarter. State Street Corp now owns 110,060 shares of the company’s stock valued at $1,297,000 after buying an additional 900 shares during the last quarter. California State Teachers Retirement System increased its position in Escalade by 4.9% in the second quarter. California State Teachers Retirement System now owns 22,115 shares of the company’s stock valued at $226,000 after buying an additional 1,039 shares during the last quarter. Vanguard Group Inc. increased its position in Escalade by 0.9% in the second quarter. Vanguard Group Inc. now owns 303,389 shares of the company’s stock valued at $3,107,000 after buying an additional 2,794 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Escalade by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 84,774 shares of the company’s stock valued at $868,000 after buying an additional 3,021 shares during the last quarter. 24.70% of the stock is currently owned by institutional investors.
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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