JAKKS Pacific, Inc. (JAKK) Position Maintained by State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D continued to hold its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,000 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned about 0.56% of JAKKS Pacific worth $600,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in JAKK. Hancock Holding Co. raised its stake in shares of JAKKS Pacific by 62.7% in the first quarter. Hancock Holding Co. now owns 31,345 shares of the company’s stock worth $172,000 after buying an additional 12,085 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of JAKKS Pacific during the first quarter worth about $271,000. State Street Corp raised its stake in shares of JAKKS Pacific by 2.4% in the fourth quarter. State Street Corp now owns 287,571 shares of the company’s stock worth $1,480,000 after buying an additional 6,662 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of JAKKS Pacific by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock worth $8,820,000 after buying an additional 448,687 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of JAKKS Pacific by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock worth $1,181,000 after buying an additional 3,068 shares in the last quarter. 66.05% of the stock is owned by hedge funds and other institutional investors.
JAKKS Pacific, Inc. (NASDAQ:JAKK) opened at 3.40 on Tuesday. JAKKS Pacific, Inc. has a 52-week low of $3.05 and a 52-week high of $9.75. The firm has a 50-day moving average of $3.59 and a 200-day moving average of $4.54. The firm’s market cap is $77.42 million.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Tuesday, July 25th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.21) by $0.45. The company had revenue of $119.57 million for the quarter, compared to analyst estimates of $134.02 million. JAKKS Pacific had a negative return on equity of 7.07% and a negative net margin of 1.76%. The business’s revenue was down 15.2% on a year-over-year basis. During the same period last year, the firm posted ($0.27) earnings per share. Equities analysts anticipate that JAKKS Pacific, Inc. will post $0.17 EPS for the current year.
JAKK has been the subject of a number of analyst reports. Zacks Investment Research raised shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Friday, April 28th. BMO Capital Markets set a $4.00 price objective on shares of JAKKS Pacific and gave the company a “hold” rating in a report on Wednesday, July 26th. DA Davidson reissued a “neutral” rating and issued a $5.00 price objective on shares of JAKKS Pacific in a report on Tuesday, May 23rd. Jefferies Group LLC initiated coverage on shares of JAKKS Pacific in a report on Thursday, June 8th. They issued a “hold” rating and a $4.50 price objective for the company. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $5.50 price objective on shares of JAKKS Pacific in a report on Monday, July 10th. Eight investment analysts have rated the stock with a hold rating, JAKKS Pacific has a consensus rating of “Hold” and a consensus target price of $5.46.
In related news, CEO Stephen G. Berman purchased 10,000 shares of JAKKS Pacific stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average cost of $3.40 per share, with a total value of $34,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.20% of the company’s stock.
JAKKS Pacific Company Profile
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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