Jakks Pacific Inc. (JAKK) Stock Rating Reaffirmed by B. Riley
Jakks Pacific Inc. (NASDAQ:JAKK)‘s stock had its “neutral” rating reiterated by equities research analysts at B. Riley in a report released on Saturday. They currently have a $10.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 21.95% from the company’s previous close.
Separately, Zacks Investment Research raised shares of Jakks Pacific from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Tuesday, September 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Jakks Pacific has an average rating of “Buy” and a consensus price target of $11.58.
Shares of Jakks Pacific (NASDAQ:JAKK) opened at 8.20 on Friday. The stock has a market capitalization of $132.45 million, a PE ratio of 15.65 and a beta of 0.55. Jakks Pacific has a 52 week low of $6.17 and a 52 week high of $9.75. The stock’s 50 day moving average is $8.83 and its 200 day moving average is $8.19.
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Jakks Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.04. The business earned $141 million during the quarter, compared to analysts’ expectations of $134.80 million. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted ($0.30) earnings per share. Analysts anticipate that Jakks Pacific will post $0.78 EPS for the current fiscal year.
In related news, major shareholder Patrick Soon-Shiong sold 28,274 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $8.62, for a total value of $243,721.88. Following the completion of the sale, the insider now owns 239,622 shares in the company, valued at approximately $2,065,541.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.10% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Palo Capital purchased a new stake in shares of Jakks Pacific during the third quarter valued at approximately $89,000. Acrospire Investment Management LLC increased its stake in shares of Jakks Pacific by 105.5% in the second quarter. Acrospire Investment Management LLC now owns 16,976 shares of the company’s stock valued at $134,000 after buying an additional 8,714 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Jakks Pacific during the first quarter valued at approximately $141,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Jakks Pacific during the first quarter valued at approximately $153,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Jakks Pacific during the second quarter valued at approximately $162,000.
Jakks Pacific Company Profile
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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