Share on StockTwits

Equities researchers at Piper Jaffray assumed coverage on shares of JAKKS Pacific (NASDAQ: JAKK) in a report issued on Monday, reports. The firm set a “neutral” rating on the stock.

The analysts wrote, “We see shares as fairly balanced for the risk-reward. We’d be inclined to get more constructive if visibility improves into the trajectory of potential sales and operating margin recovery. The opportunity for recovery is attractive, given currently depressed operating rates, but note that the trendline for sustainable improvement remains unclear.”

Shares of JAKKS Pacific (NASDAQ: JAKK) opened at 10.54 on Monday. JAKKS Pacific has a one year low of $9.83 and a one year high of $19.18. The stock’s 50-day moving average is currently $10.52. The company’s market cap is $231.0 million.

JAKKS Pacific (NASDAQ: JAKK) last released its earnings data on Thursday, April 25th. The company reported ($1.26) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.84) by $0.42. The company had revenue of $78.10 million for the quarter, compared to the consensus estimate of $71.41 million. During the same quarter in the prior year, the company posted ($0.59) earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. JAKKS Pacific has set its FY13 guidance at $0.63-0.68 EPS. On average, analysts predict that JAKKS Pacific will post $0.47 earnings per share for the current fiscal year.

JAKK has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of JAKKS Pacific from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, May 6th. They now have a $9.50 price target on the stock. Separately, analysts at BMO Capital Markets downgraded shares of JAKKS Pacific from a “market perform” rating to an “underperform” rating in a research note to investors on Wednesday, March 6th. They now have a $7.00 price target on the stock, down previously from $12.00.

Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.38.

The company also recently declared a quarterly dividend, which is scheduled for Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, June 12th.

JAKKS Pacific, Inc. (NASDAQ: JAKK) is engaged in the development, production and marketing of consumer products, including toys and related products, stationery and writing instruments and pet toys and related products, some of which are based on entertainment properties and character licenses.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.