JAKKS Pacific, Inc. (NASDAQ:JAKK)‘s stock had its “neutral” rating restated by equities research analysts at DA Davidson in a research report issued to clients and investors on Saturday, July 22nd, MarketBeat.com reports. They currently have a $3.75 target price on the stock, down from their previous target price of $5.00. DA Davidson’s target price points to a potential upside of 7.14% from the company’s current price.
A number of other research firms also recently issued reports on JAKK. Stifel Nicolaus boosted their price target on JAKKS Pacific from $5.50 to $6.00 and gave the company a “hold” rating in a research note on Wednesday, April 26th. Jefferies Group LLC initiated coverage on JAKKS Pacific in a research note on Thursday, June 8th. They set a “hold” rating and a $4.50 price target for the company. BMO Capital Markets restated a “hold” rating and set a $6.00 price target on shares of JAKKS Pacific in a research note on Thursday, July 13th. 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 stock presently has an average rating of “Hold” and an average price target of $5.46.
JAKKS Pacific (NASDAQ:JAKK) traded up 2.94% during trading on Friday, reaching $3.50. 54,380 shares of the company traded hands. JAKKS Pacific has a 52 week low of $3.05 and a 52 week high of $9.75. The company’s 50-day moving average price is $3.60 and its 200 day moving average price is $4.56. The firm’s market capitalization is $79.70 million.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Tuesday, July 25th. The company reported ($0.66) EPS 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 business had revenue of $119.57 million during the quarter, compared to the consensus estimate of $134.02 million. During the same quarter in the previous year, the business posted ($0.27) earnings per share. JAKKS Pacific’s quarterly revenue was down 15.2% compared to the same quarter last year. On average, equities research analysts expect that JAKKS Pacific will post $0.17 EPS for the current year.
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In related news, CEO Stephen G. Berman acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $3.40 per share, for a total transaction of $34,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position in JAKKS Pacific by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock worth $135,000 after buying an additional 117 shares in the last quarter. Stifel Financial Corp boosted its position in JAKKS Pacific by 2.9% in the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock worth $155,000 after buying an additional 800 shares in the last quarter. California Public Employees Retirement System boosted its position in JAKKS Pacific by 0.6% in the second quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock worth $875,000 after buying an additional 1,400 shares in the last quarter. Bank of New York Mellon Corp boosted its position in JAKKS Pacific by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock worth $1,181,000 after buying an additional 3,068 shares in the last quarter. Finally, KBC Group NV boosted its position in JAKKS Pacific by 5.5% in the second quarter. KBC Group NV now owns 63,199 shares of the company’s stock worth $253,000 after buying an additional 3,304 shares in the last quarter. Institutional investors own 66.05% 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.
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