Escalade Acquires AllCornhole to Expand Market Presence

Escalade ( (ESCA) ) has issued an announcement.

Escalade, Inc., a leading sporting goods company, has announced its acquisition of AllCornhole, a prominent brand in the fast-expanding cornhole market, marking a strategic step to strengthen its footprint in this segment. The acquisition reflects Escalade’s commitment to growing the professional and recreational cornhole ecosystem, complementing its existing partnerships and product offerings. By integrating AllCornhole, Escalade aims to enhance its product lineup and support the transformation of cornhole into a nationally recognized sport, benefitting retailers, athletes, and players across all skill levels.

The most recent analyst rating on (ESCA) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Escalade stock, see the ESCA Stock Forecast page.

Spark’s Take on ESCA Stock

According to Spark, TipRanks’ AI Analyst, ESCA is a Neutral.

Escalade’s overall stock score reflects stable financial performance and a reasonable valuation, bolstered by strategic acquisitions and a strong dividend yield. However, inconsistent revenue growth and declining cash flow pose risks. The technical indicators suggest neutral momentum, while recent corporate events support long-term growth prospects.

To see Spark’s full report on ESCA stock, click here.

More about Escalade

Founded in 1922 and based in Evansville, Indiana, Escalade, Inc. is a leader in the sporting goods and indoor/outdoor recreation equipment industry. The company designs, manufactures, and sells a diverse range of products, including basketball hoops, tennis tables, archery equipment, pickleball, water recreation products, and more, under prominent brands like Goalrilla, STIGA, Bear Archery, and ONIX.

Average Trading Volume: 19,678

Technical Sentiment Signal: Buy

Current Market Cap: $181.2M

For an in-depth examination of ESCA stock, go to TipRanks’ Overview page.