Ashworth, Inc. designs, markets, and distributes a full line of sports apparel, headwear and shoes under the Ashworth label, retailed in golf pro shops, resorts and department and specialty retail stores. For the nine months ended 7/31/98, net sales rose 22% to $87.7 million. Net income rose 48% to $7.2 million. Revenues reflect increased volume due to increased demand for the Ashworth brand. Earnings also reflect higher margins due to offshore sourcing of product.
Equity
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Common Stock $.001 Par, 9/98, 50M auth., 14,079,773 issd. Insiders own 10%. Fred Couples owns 10%, J.P. Morgan owns 9%. IPO: 11/87, 1.6M units @ $6.00 by Grady & Hatch & Co. PO: 5/90, 1,035,000 units (2 shares Common & 1 warrant) @ $1.80 by Cohig & Associates. (As of 10/97) LTD: $2.5M @ 7.3% - 8.7%, $2.7M @ 8%, $243K in capital leases.
Company website: ashworthinc.com
Insider trades: biz.yahoo.com
Chart: quote.yahoo.com
Last trade: 5 3/16 (11/4/98)
Any stockholders? |
