JAKKS Pacific, Inc. (JAKK) Given Consensus Recommendation of “Hold” by Brokerages
JAKKS Pacific, Inc. (NASDAQ:JAKK) has been assigned an average rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.79.
Several equities analysts have recently commented on the stock. TheStreet cut shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. DA Davidson reiterated a “neutral” rating and issued a $3.75 price objective (down from $5.00) on shares of JAKKS Pacific in a report on Saturday, July 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $5.50 price objective on shares of JAKKS Pacific in a report on Monday, July 10th. Zacks Investment Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BMO Capital Markets set a $4.00 price objective on shares of JAKKS Pacific and gave the stock a “hold” rating in a report on Wednesday, July 26th.
In other news, CEO Stephen G. Berman bought 10,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was purchased at an average price of $3.40 per share, with a total value of $34,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in JAKKS Pacific by 273.2% in the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock worth $366,000 after buying an additional 67,020 shares in the last quarter. Stifel Financial Corp raised its position in JAKKS Pacific by 12.7% in the second quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock worth $129,000 after buying an additional 3,604 shares in the last quarter. California Public Employees Retirement System raised its position in JAKKS Pacific by 0.6% in the second quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock worth $875,000 after buying an additional 1,400 shares in the last quarter. KBC Group NV raised its position in JAKKS Pacific by 5.5% in the second quarter. KBC Group NV now owns 63,199 shares of the company’s stock worth $253,000 after buying an additional 3,304 shares in the last quarter. Finally, LMR Partners LLP purchased a new position in JAKKS Pacific during the second quarter worth $194,000. 56.04% of the stock is owned by hedge funds and other institutional investors.
Shares of JAKKS Pacific (JAKK) opened at 3.50 on Tuesday. JAKKS Pacific has a 52-week low of $3.05 and a 52-week high of $9.75. The stock’s market cap is $79.70 million. The firm has a 50-day moving average price of $3.54 and a 200-day moving average price of $4.50.
JAKKS Pacific (NASDAQ:JAKK) last posted 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. JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The company had revenue of $119.57 million for the quarter, compared to analysts’ expectations of $134.02 million. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. The company’s revenue was down 15.2% on a year-over-year basis. On average, analysts anticipate that JAKKS Pacific will post $0.17 EPS for the current fiscal year.
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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