Recent Research Analysts’ Ratings Updates for JAKKS Pacific (JAKK)

Several brokerages have updated their recommendations and price targets on shares of JAKKS Pacific (NASDAQ: JAKK) in the last few weeks:

  • 8/8/2017 – JAKKS Pacific was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “JAKKS Pacific’s second-quarter loss of $0.66 per share was much wider compared with the prior-year quarter loss of $0.27 and the Zacks Consensus Estimate of a loss of $0.24. Revenues fell 15.2% year over year to $119.6 million and lagged the consensus mark by over 9%. Notably, its earnings have been under pressure, incurring losses in eight of the 10 trailing quarters. Moreover, a challenging retail environment, adverse forex translations, age compression and the shift to alternative modes of entertainment remain threats to the top line. Even so, the company expects to gain momentum in the second half, given improved sales performance and better cost management. Also, product launches, organic growth initiatives, collaborations with popular brands and licensing agreements with famed franchises should boost sales. Yet, rising costs could weigh on margins. Shares of the company have also underperformed the industry year to date.”
  • 7/27/2017 – JAKKS Pacific was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “JAKKS Pacific’s second-quarter loss of $0.66 per share was much wider compared with the prior-year quarter loss of $0.27 and the Zacks Consensus Estimate of a loss of $0.24. Revenues fell 15.2% year over year to $119.6 million and lagged the consensus mark by over 9%. Notably, its earnings have been under pressure, incurring losses in eight of the 10 trailing quarters. Moreover, a challenging retail environment, adverse forex translations, age compression and the shift to alternative modes of entertainment remain threats to the top line. Even so, the company expects to gain momentum in the second half, given improved sales performance and better cost management. Also, product launches, organic growth initiatives, collaborations with popular brands and licensing agreements with famed franchises should boost sales. Yet, rising costs could weigh on margins. Shares of the company have also underperformed the industry year to date.”
  • 7/26/2017 – JAKKS Pacific was given a new $4.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 7/25/2017 – JAKKS Pacific was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating.
  • 7/22/2017 – JAKKS Pacific had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $3.75 price target on the stock, down previously from $5.00.
  • 7/13/2017 – JAKKS Pacific had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $6.00 price target on the stock.
  • 7/10/2017 – JAKKS Pacific had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $5.50 price target on the stock.

Shares of JAKKS Pacific, Inc. (JAKK) opened at 3.65 on Wednesday. The company’s 50 day moving average is $3.77 and its 200-day moving average is $4.70. JAKKS Pacific, Inc. has a one year low of $3.05 and a one year high of $9.75. The firm’s market capitalization is $78.89 million.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.45. The company had revenue of $119.57 million for the quarter, compared to the consensus estimate of $134.02 million. JAKKS Pacific had a negative return on equity of 7.07% and a negative net margin of 1.76%. The firm’s revenue was down 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.27) earnings per share. Equities analysts expect that JAKKS Pacific, Inc. will post $0.17 EPS for the current year.

In related news, CEO Stephen G. Berman bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $3.40 per share, with a total value of $34,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by corporate insiders.

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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