JAKKS Pacific, Inc. (NASDAQ:JAKK) has been assigned a $4.00 price target by BMO Capital Markets in a research note issued on Wednesday. The brokerage currently has a “hold” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 15.94% from the company’s current price.
JAKK has been the topic of a number of other reports. DA Davidson reaffirmed a “neutral” rating and set a $3.75 target price (down from $5.00) on shares of JAKKS Pacific in a report on Saturday, July 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $5.50 price target on shares of JAKKS Pacific in a research note on Monday, July 10th. Zacks Investment Research raised JAKKS Pacific from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Finally, Jefferies Group LLC started coverage on JAKKS Pacific in a research note on Thursday, June 8th. They issued a “hold” rating and a $4.50 price target on the stock. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.46.
Shares of JAKKS Pacific (NASDAQ:JAKK) opened at 3.45 on Wednesday. The company has a 50 day moving average of $3.90 and a 200 day moving average of $4.79. The stock has a market capitalization of $65.54 million, a price-to-earnings ratio of 215.62 and a beta of 0.81. JAKKS Pacific has a 52-week low of $3.45 and a 52-week high of $9.75.
JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.45. The firm had revenue of $119.57 million for the quarter, compared to analyst estimates of $134.02 million. JAKKS Pacific had a negative return on equity of 7.07% and a negative net margin of 1.76%. JAKKS Pacific’s revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.27) earnings per share. Analysts predict that JAKKS Pacific will post $0.27 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of JAKKS Pacific by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock worth $8,820,000 after buying an additional 448,687 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of JAKKS Pacific by 108.4% in the first quarter. Daiwa Securities Group Inc. now owns 650,000 shares of the company’s stock worth $3,575,000 after buying an additional 338,129 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of JAKKS Pacific during the second quarter worth $318,000. Alambic Investment Management L.P. boosted its position in shares of JAKKS Pacific by 151.4% in the first quarter. Alambic Investment Management L.P. now owns 91,268 shares of the company’s stock worth $502,000 after buying an additional 54,968 shares in the last quarter. Finally, Whitebox Advisors LLC bought a new position in shares of JAKKS Pacific during the first quarter worth $279,000. 67.14% of the stock is currently owned by hedge funds and other institutional investors.
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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