JAKKS Pacific, Inc. (NASDAQ:JAKK) – Investment analysts at DA Davidson increased their Q4 2017 earnings per share (EPS) estimates for shares of JAKKS Pacific in a research report issued to clients and investors on Wednesday. DA Davidson analyst L. Weiser now expects that the company will earn $0.13 per share for the quarter, up from their prior estimate of ($0.16). DA Davidson currently has a “Neutral” rating and a $3.75 price objective on the stock.
JAKKS Pacific (NASDAQ:JAKK) last issued 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 company had revenue of $119.57 million during the quarter, compared to analyst estimates of $134.02 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The business’s revenue was down 15.2% compared to the same quarter last year.
A number of other equities research analysts also recently issued reports on JAKK. Stifel Nicolaus boosted their target price 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. Zacks Investment Research upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Jefferies Group LLC started coverage on shares of JAKKS Pacific in a report on Thursday, June 8th. They issued a “hold” rating and a $4.50 target price for the company. BMO Capital Markets restated a “hold” rating and issued a $6.00 target price on shares of JAKKS Pacific in a report on Thursday, July 13th. Finally, TheStreet downgraded shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.46.
Shares of JAKKS Pacific (JAKK) traded down 3.03% during trading on Monday, hitting $3.20. 49,307 shares of the stock traded hands. The company’s 50 day moving average is $3.85 and its 200 day moving average is $4.75. JAKKS Pacific has a 52-week low of $3.20 and a 52-week high of $9.75. The firm’s market cap is $69.17 million.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hancock Holding Co. boosted its position 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 worth $172,000 after buying an additional 12,085 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of JAKKS Pacific during the fourth quarter worth $177,000. Lazard Asset Management LLC acquired a new position in shares of JAKKS Pacific during the first quarter worth $271,000. State Street Corp boosted its position 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 worth $1,480,000 after buying an additional 6,662 shares during the period. Finally, 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 during the period. 66.78% 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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