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 reduced their price objective on Escalade from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, June 20th.
Shares of Escalade (NASDAQ:ESCA) traded down 1.63% on Tuesday, reaching $12.10. The company’s stock had a trading volume of 8,073 shares. The stock has a 50-day moving average of $12.42 and a 200 day moving average of $11.27. The stock has a market capitalization of $172.68 million, a price-to-earnings ratio of 19.84 and a beta of 0.37. Escalade has a 52 week low of $9.70 and a 52 week high of $18.90.
Escalade (NASDAQ:ESCA) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. Escalade had a return on equity of 8.99% and a net margin of 5.38%. The company earned $48.50 million during the quarter, compared to the consensus estimate of $44.35 million. On average, analysts expect that Escalade will post $0.84 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Monday, September 12th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, September 8th. This represents a $0.44 annualized dividend and a dividend yield of 3.64%. Escalade’s dividend payout ratio (DPR) is presently 72.13%.
Institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. increased its position in Escalade by 31.8% in the second quarter. North Star Investment Management Corp. now owns 340,205 shares of the company’s stock valued at $3,484,000 after buying an additional 82,104 shares during the period. Minerva Advisors LLC increased its position in Escalade by 19.8% in the second quarter. Minerva Advisors LLC now owns 415,960 shares of the company’s stock valued at $4,260,000 after buying an additional 68,738 shares during the period. Parthenon LLC increased its position in Escalade by 24.4% in the second quarter. Parthenon LLC now owns 152,240 shares of the company’s stock valued at $1,559,000 after buying an additional 29,893 shares during the period. BlackRock Fund Advisors increased its position in Escalade by 9.0% in the second quarter. BlackRock Fund Advisors now owns 275,085 shares of the company’s stock valued at $2,817,000 after buying an additional 22,650 shares during the period. Finally, Skylands Capital LLC increased its position in Escalade by 79.3% in the second quarter. Skylands Capital LLC now owns 34,700 shares of the company’s stock valued at $355,000 after buying an additional 15,350 shares during the period. Institutional investors and hedge funds own 24.70% of the company’s stock.
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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