TheStreet Downgrades JAKKS Pacific, Inc. (JAKK) to D+

JAKKS Pacific, Inc. (NASDAQ:JAKK) was downgraded by research analysts at TheStreet from a “c-” rating to a “d+” rating in a report issued on Tuesday, July 25th.

A number of other brokerages have also commented on JAKK. Stifel Nicolaus increased their price objective on JAKKS Pacific from $5.50 to $6.00 and gave the company a “hold” rating in a report on Wednesday, April 26th. Jefferies Group LLC started coverage on JAKKS Pacific in a report on Thursday, June 8th. They set a “hold” rating and a $4.50 price objective on the stock. BMO Capital Markets reissued a “hold” rating and set a $6.00 price objective on shares of JAKKS Pacific in a report on Thursday, July 13th. Zacks Investment Research raised JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Finally, DA Davidson reissued a “neutral” rating and set a $5.00 price objective on shares of JAKKS Pacific in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. JAKKS Pacific presently has a consensus rating of “Hold” and an average target price of $5.46.

Shares of JAKKS Pacific (NASDAQ JAKK) opened at 3.40 on Tuesday. The stock’s 50 day moving average price is $3.83 and its 200-day moving average price is $4.73. The stock’s market cap is $73.49 million. JAKKS Pacific has a one year low of $3.15 and a one year high of $9.75.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.45. The firm had revenue of $119.57 million during 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%. The business’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.27) earnings per share. On average, equities analysts predict that JAKKS Pacific will post $0.17 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in JAKK. Hancock Holding Co. increased 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 last quarter. Russell Investments Group Ltd. acquired a new stake in shares of JAKKS Pacific during the fourth quarter valued at $177,000. Lazard Asset Management LLC acquired a new stake in shares of JAKKS Pacific during the first quarter valued at $271,000. State Street Corp increased its stake in shares of JAKKS Pacific by 2.4% in the fourth quarter. State Street Corp now owns 287,571 shares of the company’s stock valued at $1,480,000 after buying an additional 6,662 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 valued at $8,820,000 after buying an additional 448,687 shares during the last quarter. Hedge funds and other institutional investors own 66.78% of the company’s stock.

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.