JAKKS Pacific, Inc. (JAKK) Lowered to “Underperform” at DA Davidson
DA Davidson lowered shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) from a neutral rating to an underperform rating in a research note released on Thursday. DA Davidson currently has $2.25 price objective on the stock, down from their prior price objective of $3.75.
Several other equities research analysts also recently issued reports on JAKK. Jefferies Group LLC initiated coverage on JAKKS Pacific in a research report on Thursday, June 8th. They set a hold rating and a $4.50 target price on the stock. Stifel Nicolaus restated a hold rating and set a $5.50 target price on shares of JAKKS Pacific in a research report on Monday, July 10th. BMO Capital Markets restated a hold rating and set a $6.00 target price on shares of JAKKS Pacific in a research report on Thursday, July 13th. TheStreet downgraded JAKKS Pacific from a c- rating to a d+ rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded JAKKS Pacific from a hold rating to a strong sell rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $4.54.
JAKKS Pacific (NASDAQ:JAKK) traded down 6.45% during mid-day trading on Thursday, reaching $2.90. The company had a trading volume of 135,927 shares. JAKKS Pacific has a one year low of $2.68 and a one year high of $9.15. The company’s 50-day moving average is $3.30 and its 200-day moving average is $4.25. The stock’s market capitalization is $66.04 million.
JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share (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 analysts’ expectations of $134.02 million. JAKKS Pacific had a negative return on equity of 7.07% and a negative net margin of 1.76%. The company’s revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.27) EPS. Equities research analysts anticipate that JAKKS Pacific will post $0.15 earnings per share for the current year.
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In other news, CEO Stephen G. Berman purchased 10,000 shares of the stock in a transaction on Monday, August 7th. The shares were acquired at an average price of $3.40 per share, for a total transaction of $34,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.20% of the company’s stock.
Several large investors have recently made changes to their positions in JAKK. KCG Holdings Inc. grew its stake in shares of JAKKS Pacific by 48.9% during the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock valued at $118,000 after buying an additional 7,023 shares during the last quarter. Stifel Financial Corp grew its stake in shares of JAKKS Pacific by 12.7% during the second quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock valued at $129,000 after buying an additional 3,604 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of JAKKS Pacific by 0.5% during the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock valued at $135,000 after buying an additional 117 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in shares of JAKKS Pacific by 16.5% during the first quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock valued at $142,000 after buying an additional 3,664 shares during the last quarter. Finally, Hancock Holding Co. grew its stake in shares of JAKKS Pacific by 62.7% during the first quarter. Hancock Holding Co. now owns 31,345 shares of the company’s stock valued at $172,000 after buying an additional 12,085 shares during the last quarter. 56.04% of the stock is currently owned by hedge funds and other institutional investors.
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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