Escalade (NASDAQ:ESCA) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Escalade (NASDAQ:ESCA) from a hold rating to a buy rating in a research report report published on Thursday.

Escalade Price Performance

Shares of NASDAQ ESCA opened at $13.77 on Thursday. The firm has a market capitalization of $190.88 million, a P/E ratio of 15.13 and a beta of 1.22. The firm’s 50-day moving average price is $13.61 and its 200-day moving average price is $13.59. The company has a current ratio of 4.60, a quick ratio of 1.74 and a debt-to-equity ratio of 0.22. Escalade has a 1-year low of $12.34 and a 1-year high of $22.01.

Escalade (NASDAQ:ESCA) last issued its earnings results on Thursday, July 25th. The company reported $0.20 EPS for the quarter. The business had revenue of $62.53 million during the quarter. Escalade had a return on equity of 7.16% and a net margin of 4.55%. Equities research analysts anticipate that Escalade will post 0.85 earnings per share for the current fiscal year.

Escalade Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, October 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Monday, October 7th. Escalade’s payout ratio is currently 65.93%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Thoroughbred Financial Services LLC bought a new stake in shares of Escalade during the second quarter worth about $15,458,000. Janney Montgomery Scott LLC increased its holdings in Escalade by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 24,944 shares of the company’s stock worth $343,000 after purchasing an additional 1,330 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Escalade by 40.0% in the first quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock worth $64,000 after purchasing an additional 1,340 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Escalade by 0.7% in the first quarter. Vanguard Group Inc. now owns 498,945 shares of the company’s stock valued at $6,860,000 after purchasing an additional 3,569 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Escalade during the first quarter valued at approximately $199,000. Institutional investors and hedge funds own 65.22% of the company’s stock.

About Escalade

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.