ValuEngine Lowers JAKKS Pacific, Inc. (JAKK) to Strong Sell
JAKKS Pacific, Inc. (NASDAQ:JAKK) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.
Several other equities analysts have also commented on JAKK. Zacks Investment Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BMO Capital Markets reiterated a “hold” rating and issued a $6.00 target price on shares of JAKKS Pacific in a research note on Thursday, July 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $5.50 target price on shares of JAKKS Pacific in a research note on Monday, July 10th. Jefferies Group LLC initiated coverage on JAKKS Pacific in a research note on Thursday, June 8th. They issued a “hold” rating and a $4.50 target price on the stock. Finally, TheStreet lowered JAKKS Pacific from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. JAKKS Pacific currently has a consensus rating of “Hold” and a consensus price target of $5.46.
Shares of JAKKS Pacific (NASDAQ JAKK) remained flat at $3.45 during mid-day trading on Friday. 52,257 shares of the company’s stock traded hands. JAKKS Pacific has a one year low of $3.05 and a one year high of $9.75. The stock’s market cap is $78.56 million. The stock’s 50 day moving average is $3.48 and its 200 day moving average is $4.44.
JAKKS Pacific (NASDAQ:JAKK) last announced 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 firm had revenue of $119.57 million for the quarter, compared to analysts’ expectations of $134.02 million. JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The business’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.27) EPS. Analysts forecast that JAKKS Pacific will post $0.17 earnings per share for the current fiscal year.
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In other JAKKS Pacific news, CEO Stephen G. Berman purchased 10,000 shares of the stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $3.40 per share, with a total value of $34,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. KCG Holdings Inc. increased its stake in JAKKS Pacific by 48.9% in the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock worth $118,000 after buying an additional 7,023 shares during the period. Stifel Financial Corp increased its stake 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 during the period. Goldman Sachs Group Inc. increased its stake in JAKKS Pacific by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock worth $135,000 after buying an additional 117 shares during the period. Tudor Investment Corp ET AL increased its stake in JAKKS Pacific by 16.5% in the first quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock worth $142,000 after buying an additional 3,664 shares during the period. Finally, Hancock Holding Co. increased its stake in 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 during the period. 56.04% of the stock is owned by institutional investors and hedge funds.
About JAKKS Pacific
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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