Escalade (NASDAQ:ESCA) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Escalade (NASDAQ:ESCAGet Rating) from a buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

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 equities analysts also recently issued reports on ESCA. TheStreet downgraded shares of Escalade from a b- rating to a c+ rating in a report on Wednesday, March 2nd. StockNews.com began coverage on shares of Escalade in a report on Thursday, March 31st. They issued a hold rating on the stock.

Shares of ESCA stock opened at $13.44 on Tuesday. The company has a current ratio of 3.58, a quick ratio of 1.54 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $182.58 million, a PE ratio of 7.23 and a beta of 1.25. The firm has a fifty day simple moving average of $13.30 and a two-hundred day simple moving average of $14.63. Escalade has a 12 month low of $12.18 and a 12 month high of $25.72.

Escalade (NASDAQ:ESCAGet Rating) last posted its quarterly earnings data on Thursday, April 14th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.21. Escalade had a net margin of 7.84% and a return on equity of 17.42%. During the same quarter in the prior year, the business posted $0.39 EPS. On average, equities analysts predict that Escalade will post 1.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 7th. Investors of record on Tuesday, May 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Friday, May 27th. Escalade’s dividend payout ratio (DPR) is currently 32.26%.

In related news, CEO Walter P. Jr. Glazer purchased 3,312 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The shares were bought at an average cost of $13.13 per share, with a total value of $43,486.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.45% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in Escalade in the 4th quarter valued at about $213,000. Renaissance Technologies LLC raised its stake in Escalade by 33.3% in the 3rd quarter. Renaissance Technologies LLC now owns 56,030 shares of the company’s stock valued at $1,060,000 after acquiring an additional 14,000 shares during the period. SG Americas Securities LLC bought a new stake in Escalade in the 3rd quarter valued at about $139,000. Wilen Investment Management CORP. bought a new stake in Escalade in the 3rd quarter valued at about $119,000. Finally, North Star Investment Management Corp. increased its position in shares of Escalade by 1.7% during the fourth quarter. North Star Investment Management Corp. now owns 539,883 shares of the company’s stock valued at $8,525,000 after buying an additional 8,832 shares during the period. Institutional investors and hedge funds own 27.84% of the company’s stock.

Escalade Company Profile (Get Rating)

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

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