Analysts Set $16.00 Target Price for Escalade, Inc. (ESCA)

Escalade, Inc. (NASDAQ:ESCA) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $16.00 for the company, according to Zacks. Zacks has also given Escalade an industry rank of 32 out of 257 based on the ratings given to its competitors.

ESCA has been the topic of several recent research reports. Zacks Investment Research upgraded Escalade from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, November 14th. Roth Capital restated a “buy” rating on shares of Escalade in a research report on Sunday, August 19th.

Shares of NASDAQ:ESCA traded down $0.17 during midday trading on Friday, hitting $11.85. The company had a trading volume of 12,434 shares, compared to its average volume of 6,756. Escalade has a 12 month low of $11.07 and a 12 month high of $15.25. The firm has a market capitalization of $173.57 million, a P/E ratio of 15.39 and a beta of 0.25.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, December 7th. This represents a $0.50 annualized dividend and a yield of 4.22%. Escalade’s dividend payout ratio is presently 64.94%.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Escalade by 1.1% during the third quarter. BlackRock Inc. now owns 539,392 shares of the company’s stock worth $6,930,000 after acquiring an additional 5,881 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in Escalade by 11.6% during the third quarter. North Star Investment Management Corp. now owns 451,880 shares of the company’s stock worth $5,807,000 after acquiring an additional 47,101 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Escalade by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 439,045 shares of the company’s stock worth $5,641,000 after acquiring an additional 14,841 shares in the last quarter. Commerce Bank lifted its holdings in Escalade by 194.3% during the third quarter. Commerce Bank now owns 44,147 shares of the company’s stock worth $567,000 after acquiring an additional 29,148 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Escalade by 40.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the company’s stock worth $288,000 after acquiring an additional 5,900 shares in the last quarter. Hedge funds and other institutional investors own 28.34% of the company’s stock.

About Escalade

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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