Escalade (NASDAQ:ESCA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $14.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 17.55% from the company’s previous close.

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, Roth Capital reaffirmed a “buy” rating on shares of Escalade in a research note on Sunday, August 19th.

NASDAQ:ESCA traded down $0.24 during mid-day trading on Wednesday, reaching $11.91. 4,900 shares of the company were exchanged, compared to its average volume of 9,436. Escalade has a 12 month low of $11.07 and a 12 month high of $15.25. The firm has a market cap of $172.55 million, a P/E ratio of 15.47 and a beta of 0.25.

Escalade (NASDAQ:ESCA) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Escalade had a net margin of 14.02% and a return on equity of 9.32%. The firm had revenue of $43.96 million for the quarter. As a group, analysts expect that Escalade will post 1.41 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Escalade by 1.1% in the 3rd quarter. BlackRock Inc. now owns 539,392 shares of the company’s stock valued at $6,930,000 after purchasing an additional 5,881 shares during the last quarter. North Star Investment Management Corp. boosted its stake in shares of Escalade by 11.6% in the 3rd quarter. North Star Investment Management Corp. now owns 451,880 shares of the company’s stock valued at $5,807,000 after purchasing an additional 47,101 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Escalade by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 439,045 shares of the company’s stock valued at $5,641,000 after purchasing an additional 14,841 shares during the last quarter. Commerce Bank boosted its stake in shares of Escalade by 194.3% in the 3rd quarter. Commerce Bank now owns 44,147 shares of the company’s stock valued at $567,000 after purchasing an additional 29,148 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Escalade by 40.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the company’s stock valued at $288,000 after purchasing an additional 5,900 shares during the last quarter. 28.26% of the stock is currently owned by institutional investors.

Escalade Company Profile

Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.

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