Escalade (ESCA) Rating Increased to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Escalade (NASDAQ:ESCA) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $14.00 price objective on the stock.

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 reissued a buy rating on shares of Escalade in a report on Sunday, August 19th.

Shares of NASDAQ:ESCA traded down $0.26 during trading on Wednesday, reaching $11.76. The company had a trading volume of 6,780 shares, compared to its average volume of 7,915. The firm has a market cap of $171.98 million, a P/E ratio of 15.27 and a beta of 0.25. Escalade has a fifty-two week low of $11.07 and a fifty-two week high of $15.25.

Escalade (NASDAQ:ESCA) last released its earnings results on Thursday, November 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. The business had revenue of $43.96 million for the quarter. Escalade had a return on equity of 9.32% and a net margin of 14.02%. On average, analysts expect that Escalade will post 1.44 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. increased its holdings in shares of Escalade by 11.6% in the third 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 period. Schwab Charles Investment Management Inc. boosted its stake in shares of Escalade by 40.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the company’s stock valued at $288,000 after buying an additional 5,900 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Escalade by 11.4% in the second quarter. BlackRock Inc. now owns 533,511 shares of the company’s stock valued at $7,523,000 after buying an additional 54,436 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Escalade in the second quarter valued at approximately $144,000. Finally, Martingale Asset Management L P purchased a new stake in shares of Escalade in the second quarter valued at approximately $180,000. 28.26% of the stock is currently owned by institutional investors and hedge funds.

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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