Vanguard Group Inc. lifted its stake in shares of Escalade, Incorporated (NASDAQ:ESCA) by 0.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 317,308 shares of the company’s stock after acquiring an additional 890 shares during the period. Vanguard Group Inc. owned 2.21% of Escalade worth $4,157,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in shares of Escalade by 4.9% during the 2nd quarter. Rhumbline Advisers now owns 13,875 shares of the company’s stock valued at $182,000 after acquiring an additional 647 shares during the period. Teachers Advisors LLC lifted its position in shares of Escalade by 18.2% during the 2nd quarter. Teachers Advisors LLC now owns 16,831 shares of the company’s stock valued at $220,000 after acquiring an additional 2,586 shares during the period. Strs Ohio raised its holdings in Escalade by 5.8% during the second quarter. Strs Ohio now owns 20,000 shares of the company’s stock worth $262,000 after buying an additional 1,100 shares during the last quarter. Northern Trust Corp raised its holdings in Escalade by 7.2% during the second quarter. Northern Trust Corp now owns 129,228 shares of the company’s stock worth $1,693,000 after buying an additional 8,726 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Escalade by 5.9% during the first quarter. Dimensional Fund Advisors LP now owns 358,425 shares of the company’s stock worth $4,624,000 after buying an additional 19,853 shares during the last quarter. Institutional investors own 26.88% of the company’s stock.
In other news, CEO David L. Fetherman sold 9,250 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $12.11, for a total value of $112,017.50. Following the completion of the sale, the chief executive officer now owns 102,729 shares in the company, valued at approximately $1,244,048.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.00% of the company’s stock.
Escalade (NASDAQ:ESCA) last posted its earnings results on Thursday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.06. Escalade had a net margin of 5.89% and a return on equity of 9.72%. The firm had revenue of $41.89 million during the quarter, compared to analyst estimates of $40.40 million. equities analysts forecast that Escalade, Incorporated will post 0.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 11th will be paid a $0.115 dividend. The ex-dividend date is Friday, December 8th. This represents a $0.46 annualized dividend and a dividend yield of 3.36%. Escalade’s payout ratio is 65.71%.
Several research analysts have weighed in on ESCA shares. Aegis restated a “buy” rating and set a $16.00 price objective on shares of Escalade in a report on Monday, September 25th. Zacks Investment Research upgraded shares of Escalade from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $16.00.
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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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