JAKKS Pacific, Inc. (NASDAQ:JAKK) received a $4.00 price target from equities research analysts at BMO Capital Markets in a research report issued on Wednesday, July 26th. The brokerage currently has a “hold” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 19.40% from the company’s current price.
Several other research firms have also recently commented on JAKK. Stifel Nicolaus boosted their price target on shares of 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 shares of JAKKS Pacific in a report on Thursday, June 8th. They set a “hold” rating and a $4.50 price target on the stock. Zacks Investment Research upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Finally, DA Davidson restated a “neutral” rating and set a $5.00 price target on shares of JAKKS Pacific in a report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.46.
Shares of JAKKS Pacific (NASDAQ JAKK) opened at 3.35 on Wednesday. The firm’s 50-day moving average price is $3.83 and its 200-day moving average price is $4.73. The firm’s market cap is $72.41 million. JAKKS Pacific has a one year low of $3.15 and a one year high of $9.75.
JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data 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. JAKKS Pacific had a negative return on equity of 7.07% and a negative net margin of 1.76%. The firm had revenue of $119.57 million for the quarter, compared to analysts’ expectations of $134.02 million. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. Equities research analysts expect that JAKKS Pacific will post $0.17 earnings per share for the current fiscal year.
In other news, CEO Stephen G. Berman bought 10,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was purchased at an average price of $3.40 per share, with a total value of $34,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JAKK. JPMorgan Chase & Co. raised its position in 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. raised its position in 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 purchased a new position in JAKKS Pacific during the second quarter worth $318,000. Alambic Investment Management L.P. raised its position in 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 purchased a new position in JAKKS Pacific during the first quarter worth $279,000. 66.44% of the stock is 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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