Escalade, Incorporated (NASDAQ:ESCA – Get Free Report) CFO Stephen Wawrin sold 3,177 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $21.40, for a total transaction of $67,987.80. Following the transaction, the chief financial officer owned 45,000 shares in the company, valued at approximately $963,000. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Escalade Price Performance
Shares of NASDAQ:ESCA traded down $0.09 during trading hours on Thursday, hitting $22.24. The company’s stock had a trading volume of 57,172 shares, compared to its average volume of 35,399. The firm’s fifty day moving average price is $18.93 and its 200 day moving average price is $17.45. Escalade, Incorporated has a 52 week low of $11.41 and a 52 week high of $23.00. The company has a market capitalization of $306.24 million, a price-to-earnings ratio of 13.32 and a beta of 0.58.
Escalade (NASDAQ:ESCA – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.52. The company had revenue of $57.70 million for the quarter, compared to analyst estimates of $57.60 million. Escalade had a net margin of 9.46% and a return on equity of 13.11%. On average, equities research analysts predict that Escalade, Incorporated will post 1.08 earnings per share for the current fiscal year.
Escalade Dividend Announcement
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Zacks Research lowered Escalade from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Escalade from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of Escalade from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Get Our Latest Report on Escalade
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Escalade in the second quarter valued at about $29,000. Tower Research Capital LLC TRC grew its stake in shares of Escalade by 439.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,622 shares of the company’s stock worth $51,000 after acquiring an additional 2,950 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Escalade by 13.9% during the first quarter. Bank of America Corp DE now owns 10,442 shares of the company’s stock valued at $179,000 after acquiring an additional 1,271 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Escalade in the 2nd quarter valued at approximately $208,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Escalade by 7.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,845 shares of the company’s stock valued at $160,000 after purchasing an additional 779 shares during the last quarter. 65.22% of the stock is owned by institutional investors and hedge funds.
About Escalade
Escalade, Inc is a U.S.-based manufacturer and distributor of recreational equipment and specialty products for both consumer and commercial markets. Headquartered in Evansville, Indiana, the company operates through two principal business segments: Sporting Goods and Commercial Products. The Sporting Goods segment encompasses a diverse range of products such as hockey and lacrosse goal assemblies, fitness accessories, archery and hunting gear, and table tennis equipment. The Commercial Products segment focuses on seating solutions for restaurants, hospitality venues and other public spaces under the Top Seat brand, as well as storage, display products and industrial carts.
Within Sporting Goods, Escalade markets its products under proprietary brands including Bear® Archery, Gene St.
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