Escalade Inc. (NASDAQ:ESCA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report 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 decreased their price target on shares of Escalade from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, June 20th.
Escalade (NASDAQ:ESCA) opened at 12.25 on Tuesday. The company has a market cap of $174.82 million, a PE ratio of 20.08 and a beta of 0.37. Escalade has a 52-week low of $9.70 and a 52-week high of $18.90. The firm’s 50 day moving average is $12.41 and its 200 day moving average is $11.28.
Escalade (NASDAQ:ESCA) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. Escalade had a net margin of 5.38% and a return on equity of 8.99%. The company earned $48.50 million during the quarter, compared to the consensus estimate of $44.35 million. Analysts forecast that Escalade will post $0.84 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Monday, September 12th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Thursday, September 8th. Escalade’s dividend payout ratio (DPR) is presently 72.13%.
Large investors have recently made changes to their positions in the company. Teachers Advisors Inc. boosted its stake in shares of Escalade by 1.2% in the second quarter. Teachers Advisors Inc. now owns 14,245 shares of the company’s stock worth $146,000 after buying an additional 167 shares during the period. California State Teachers Retirement System boosted its stake in shares of Escalade by 4.9% in the second quarter. California State Teachers Retirement System now owns 22,115 shares of the company’s stock worth $226,000 after buying an additional 1,039 shares during the period. Skylands Capital LLC boosted its stake in shares of Escalade by 79.3% in the second quarter. Skylands Capital LLC now owns 34,700 shares of the company’s stock worth $355,000 after buying an additional 15,350 shares during the period. BlackRock Investment Management LLC boosted its stake in shares of Escalade by 12.1% in the second quarter. BlackRock Investment Management LLC now owns 41,222 shares of the company’s stock worth $422,000 after buying an additional 4,454 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Escalade by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 84,774 shares of the company’s stock worth $868,000 after buying an additional 3,021 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.