TheStreet cut shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) from a c- rating to a d+ rating in a report released on Tuesday morning.
Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their target price on JAKKS Pacific from $5.50 to $6.00 and gave the stock a hold rating in a research note on Wednesday, April 26th. BMO Capital Markets lowered their target price on JAKKS Pacific from $3.50 to $3.45 and set a market perform rating on the stock in a research note on Wednesday. DA Davidson reiterated a neutral rating and set a $3.75 target price (down from $5.00) on shares of JAKKS Pacific in a research note on Saturday. Jefferies Group LLC began coverage on JAKKS Pacific in a research note on Thursday, June 8th. They set a hold rating and a $4.50 target price on the stock. Finally, Zacks Investment Research upgraded JAKKS Pacific from a sell rating to a hold rating in a research note on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and a consensus target price of $5.39.
JAKKS Pacific (JAKK) traded up 1.45% during trading on Tuesday, hitting $3.50. 123,581 shares of the company’s stock traded hands. JAKKS Pacific has a 52-week low of $3.35 and a 52-week high of $9.75. The company has a market cap of $66.49 million, a PE ratio of 218.75 and a beta of 0.81. The company’s 50 day moving average price is $3.95 and its 200 day moving average price is $4.82.
JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Tuesday, July 25th. The company reported ($0.66) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.45. The business had revenue of $119.57 million for the quarter, compared to the consensus estimate of $134.02 million. JAKKS Pacific had a return on equity of 0.26% and a net margin of 0.05%. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. Analysts expect that JAKKS Pacific will post $0.34 earnings per share for the current year.
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A number of large investors have recently made changes to their positions in the company. KCG Holdings Inc. raised its stake in shares of JAKKS Pacific by 48.9% in 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 period. Goldman Sachs Group Inc. raised its stake in shares of JAKKS Pacific by 0.5% in 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 period. Tudor Investment Corp ET AL raised its stake in shares of JAKKS Pacific by 16.5% in 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 period. Stifel Financial Corp raised its stake in shares of JAKKS Pacific by 2.9% in the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock valued at $155,000 after buying an additional 800 shares during the period. Finally, 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 valued at $172,000 after buying an additional 12,085 shares during the period. 67.14% of the stock is owned by 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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