Escalade, Incorporated (ESCA) Upgraded by Zacks Investment Research to Buy
Escalade, Incorporated (NASDAQ:ESCA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $15.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 10.29% from the company’s current price.
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. “
A number of other analysts have also weighed in on ESCA. TheStreet upgraded Escalade, from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Aegis restated a “buy” rating and issued a $16.00 target price on shares of Escalade, in a research note on Monday, September 25th. Finally, ValuEngine lowered Escalade, from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $16.00.
Escalade, (NASDAQ:ESCA) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. Escalade, had a return on equity of 9.72% and a net margin of 5.89%. The firm had revenue of $41.89 million during the quarter, compared to analyst estimates of $40.40 million. sell-side analysts forecast that Escalade, will post 0.75 EPS for the current fiscal year.
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In other news, CEO David L. Fetherman sold 9,250 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $12.11, for a total value of $112,017.50. Following the completion of the sale, the chief executive officer now directly owns 102,729 shares in the company, valued at $1,244,048.19. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 20.00% of the company’s stock.
Several large investors have recently made changes to their positions in ESCA. Dimensional Fund Advisors LP increased its stake in shares of Escalade, by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 358,425 shares of the company’s stock valued at $4,624,000 after buying an additional 19,853 shares in the last quarter. State Street Corp increased its stake in shares of Escalade, by 9.8% in the second quarter. State Street Corp now owns 130,666 shares of the company’s stock valued at $1,710,000 after buying an additional 11,654 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Escalade, by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 112,632 shares of the company’s stock valued at $1,453,000 after buying an additional 9,312 shares in the last quarter. Northern Trust Corp increased its stake in shares of Escalade, by 7.2% in the second quarter. Northern Trust Corp now owns 129,228 shares of the company’s stock valued at $1,693,000 after buying an additional 8,726 shares in the last quarter. Finally, Skylands Capital LLC increased its stake in shares of Escalade, by 167.8% in the third quarter. Skylands Capital LLC now owns 9,406 shares of the company’s stock valued at $128,000 after buying an additional 5,894 shares in the last quarter. Institutional investors own 26.58% 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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