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 Friday. They currently have a $7.00 price objective on the stock. Zacks‘s price objective suggests a potential upside of 6.06% from the stock’s previous close.
Zacks’ analyst wrote, “JAKKS Pacific’s second-quarter loss of $0.38 per share was in line with the Zacks Consensus Estimate. However, losses were narrower than the year-ago loss of $2.14, driven by better-than-expected top-line performance. Revenues increased almost 17% year over year and beat the Zacks Consensus Estimate by 10%. This jump in sales was driven primarily by the success of its Frozen product line. This was complemented by a general rise in Disney Princess dolls and dress up products, seasonal outdoor products, ride-ons, ball pits, and the increased sales of the company’s Halloween costume and accessories unit – Disguise, Inc. Going forward, we commend 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 intense competition. We maintain our Neutral recommendation on the stock.”
JAKK has been the subject of a number of other recent research reports. Analysts at Piper Jaffray upgraded shares of JAKKS Pacific from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 14th. They now have a $9.00 price target on the stock. Separately, analysts at B. Riley downgraded shares of JAKKS Pacific to a “buy” rating in a research note on Monday, July 28th. Finally, analysts at Ascendiant Capital Markets raised their price target on shares of JAKKS Pacific from $10.00 to $11.00 in a research note on Tuesday, June 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. JAKKS Pacific has a consensus rating of “Buy” and an average price target of $9.40.
JAKKS Pacific (NASDAQ:JAKK) traded up 2.42% on Friday, hitting $6.76. 72,120 shares of the company’s stock traded hands. JAKKS Pacific has a 52-week low of $4.45 and a 52-week high of $9.48. The stock’s 50-day moving average is $7.02 and its 200-day moving average is $7.50. The company’s market cap is $148.7 million.
JAKKS Pacific (NASDAQ:JAKK) last released its earnings data on Wednesday, July 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.24. The company had revenue of $124.20 million for the quarter, compared to the consensus estimate of $112.86 million. During the same quarter in the previous year, the company posted ($2.14) earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, analysts predict that JAKKS Pacific will post $0.33 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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