Escalade (NASDAQ:ESCA) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Escalade (NASDAQ:ESCA) from a buy rating to a hold rating in a research note released on Wednesday, January 3rd.

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, Aegis reissued a buy rating and set a $16.00 price target on shares of Escalade in a report on Monday, September 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Escalade presently has an average rating of Buy and a consensus price target of $16.00.

Escalade (NASDAQ ESCA) opened at $13.05 on Wednesday. The company has a market capitalization of $182.51, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 0.99 and a beta of 0.09. The company has a current ratio of 3.76, a quick ratio of 1.84 and a debt-to-equity ratio of 0.23. Escalade has a 52-week low of $11.31 and a 52-week high of $14.38.

Escalade (NASDAQ:ESCA) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The company had revenue of $41.89 million for the quarter, compared to the consensus estimate of $40.40 million. Escalade had a return on equity of 9.72% and a net margin of 5.89%. equities research analysts forecast that Escalade will post 0.75 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Escalade by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 381,141 shares of the company’s stock worth $5,184,000 after acquiring an additional 10,556 shares in the last quarter. Skylands Capital LLC grew its position in Escalade by 167.8% in the third quarter. Skylands Capital LLC now owns 9,406 shares of the company’s stock worth $128,000 after acquiring an additional 5,894 shares in the last quarter. State Street Corp grew its position in Escalade by 9.8% in the second quarter. State Street Corp now owns 130,666 shares of the company’s stock worth $1,710,000 after acquiring an additional 11,654 shares in the last quarter. Vanguard Group Inc. grew its position in Escalade by 0.3% in the second quarter. Vanguard Group Inc. now owns 317,308 shares of the company’s stock worth $4,157,000 after acquiring an additional 890 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Escalade by 7.2% in the second quarter. Northern Trust Corp now owns 129,228 shares of the company’s stock worth $1,693,000 after purchasing an additional 8,726 shares during the last quarter. Institutional investors own 26.71% of the company’s stock.

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About Escalade

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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