JAKKS Pacific Stock Rating Reaffirmed by Zacks (JAKK)
JAKKS Pacific (NASDAQ:JAKK)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Thursday, ARN reports. They currently have a $8.75 price objective on the stock. Zacks‘s target price would suggest a potential downside of 1.69% from the stock’s previous close.
Zacks’ analyst wrote, “JAKKS Pacific’s first-quarter loss of $0.74 per share was narrower than both the Zacks Consensus Estimate and the year-ago loss. The improved results were driven by better-than-expected top-line performance. Revenues were boosted by dolls dress-up and role play in the company’s Frozen line, Disney Pirate Fairies dolls and dress-up, and pre-school foot-to-floor ride-ons and wagons. Going forward, we are optimistic about the company’s product launches and organic growth initiatives, such as creating new products and securing licenses. However, we prefer to remain on the sidelines currently, given the weak consumer spending amid a sluggishly recovering economy and the intense competition. We, therefore, maintain our Neutral recommendation on the stock.”
A number of other analysts have also recently weighed in on JAKK. Analysts at B. Riley raised their price target on shares of JAKKS Pacific from $8.25 to $11.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets upgraded shares of JAKKS Pacific from a “market perform” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $10.00 price target on the stock, up previously from $8.00. Finally, analysts at Hilliard Lyons upgraded shares of JAKKS Pacific from a “neutral” rating to a “buy” rating in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $9.94.
JAKKS Pacific (NASDAQ:JAKK) traded up 7.10% during mid-day trading on Thursday, hitting $8.90. 505,399 shares of the company’s stock traded hands. JAKKS Pacific has a 52 week low of $4.45 and a 52 week high of $11.75. The stock’s 50-day moving average is $7.58 and its 200-day moving average is $6.53. The company’s market cap is $195.3 million.
JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.76) by $0.02. The company had revenue of $82.50 million for the quarter, compared to the consensus estimate of $76.13 million. During the same quarter in the previous year, the company posted ($1.23) earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that JAKKS Pacific will post $0.36 earnings per share for the current fiscal year.
JAKKS Pacific, Inc (NASDAQ:JAKK) is a multi-line, multi-brand toy company that 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.
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