Wells Fargo & Company MN lowered its position in Escalade, Incorporated (NASDAQ:ESCA) by 19.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,940 shares of the company’s stock after selling 4,905 shares during the period. Wells Fargo & Company MN owned about 0.15% of Escalade, worth $270,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in ESCA. Renaissance Technologies LLC increased its stake in Escalade, by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 220,000 shares of the company’s stock worth $2,904,000 after buying an additional 3,800 shares during the period. State Street Corp increased its stake in Escalade, by 4.8% in the fourth quarter. State Street Corp now owns 115,906 shares of the company’s stock worth $1,530,000 after buying an additional 5,278 shares during the period. Dimensional Fund Advisors LP increased its stake in Escalade, by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 338,572 shares of the company’s stock worth $4,469,000 after buying an additional 7,546 shares during the period. Creative Planning purchased a new stake in Escalade, during the first quarter worth approximately $129,000. Finally, North Star Investment Management Corp. increased its stake in Escalade, by 5.1% in the first quarter. North Star Investment Management Corp. now owns 369,448 shares of the company’s stock worth $4,766,000 after buying an additional 17,831 shares during the period. 25.90% of the stock is owned by hedge funds and other institutional investors.
Escalade, Incorporated (NASDAQ ESCA) opened at 12.40 on Thursday. The company’s 50-day moving average price is $12.81 and its 200 day moving average price is $12.84. The stock has a market capitalization of $177.89 million, a PE ratio of 15.90 and a beta of 0.08. Escalade, Incorporated has a 12 month low of $9.97 and a 12 month high of $14.70.
Escalade, (NASDAQ:ESCA) last announced its earnings results on Thursday, April 20th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $30.81 million during the quarter, compared to analysts’ expectations of $29.55 million. Escalade, had a return on equity of 11.12% and a net margin of 6.82%. On average, analysts forecast that Escalade, Incorporated will post $0.85 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised Escalade, from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine raised Escalade, from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, TheStreet downgraded Escalade, from a “b” rating to a “c+” rating in a report on Friday, April 21st.
Escalade, Company Profile
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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