JAKKS Pacific (NASDAQ:JAKK) Posts Earnings Results, Beats Estimates By $0.16 EPS

JAKKS Pacific (NASDAQ:JAKK) announced its earnings results on Thursday. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.58) by $0.16, Zacks reports. JAKKS Pacific had a return on equity of 1.87% and a net margin of 1.06%.

JAKKS Pacific Stock Up 2.4%

JAKK traded up $0.43 during midday trading on Thursday, hitting $18.16. The company had a trading volume of 192,525 shares, compared to its average volume of 104,210. The stock’s 50 day moving average price is $17.83 and its 200 day moving average price is $17.68. JAKKS Pacific has a 52 week low of $14.86 and a 52 week high of $35.79. The company has a market capitalization of $204.66 million, a price-to-earnings ratio of 37.06 and a beta of 1.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in JAKKS Pacific during the 3rd quarter valued at $46,000. Quarry LP purchased a new stake in shares of JAKKS Pacific in the third quarter valued at about $51,000. BNP Paribas Financial Markets lifted its position in shares of JAKKS Pacific by 155.8% during the second quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after purchasing an additional 1,871 shares in the last quarter. State of Wyoming lifted its position in shares of JAKKS Pacific by 42.8% during the fourth quarter. State of Wyoming now owns 4,140 shares of the company’s stock valued at $70,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in JAKKS Pacific during the fourth quarter worth about $80,000. Institutional investors own 44.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on JAKK shares. Zacks Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Wall Street Zen upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

About JAKKS Pacific

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.