Wunderlich Maintains Escalade to Buy with Price Target $16.00

Brokerage firm Wunderlich Maintains its rating on Escalade(NASDAQ:ESCA). In a research note issued to the investors, the brokerage major Lowers the price-target to $16.00 per share. The shares have been rated Buy. The rating by Wunderlich was issued on Jun 20, 2016.

Escalade (ESCA) shares turned negative on Fridays trading session with the shares closing down -0.45 points or -4.39% at a volume of 1,88,374. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.17. The peak price level was also seen at $10.17 while the days lowest was $9.7. Finally the shares closed at $9.8. The 52-week high of the shares is $20 while the 52-week low is $9.7. According to the latest information available, the market cap of the company is $140 M.

Escalade(ESCA) last announced its earnings results on Apr 15, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $34.57M. Analysts had an estimated revenue of $36.10M. Earnings per share were $0.12. Analysts had estimated an EPS of $0.14.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Patrick J Griffin (Vice President) purchased 827 shares at $12.31 per share price.Also, On Jun 30, 2015, George Savitsky (director) sold 5,000 shares at $19.04 per share price.On Jun 9, 2015, Richard Fenton Jr Baalmann (director) sold 3,000 shares at $18.57 per share price, according to the Form-4 filing with the securities and exchange commission.

Escalade Incorporated (Escalade) is engaged in manufacturing and distributing products for sporting goods industry. The Company’s Sporting Goods (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. The Company offers its products under the brand names Bear Archery Trophy Ridge Whisker Biscuit Cajun Bowfishing STIGA Ping-Pong Prince Goalrilla Goaliath Silverback Woodplay Childlife The STEP USWeight Atomic American Legend Redline Mizerak Minnesota Fats Lucasi PureX Rage Players Unicorn Accudart Arachnid Nodor Winmau Zume Games and Pickleball Now.

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