Jakks Pacific Inc. (JAKK) Rating Reiterated by B. Riley
Jakks Pacific Inc. (NASDAQ:JAKK)‘s stock had its “neutral” rating restated by analysts at B. Riley in a research note issued on Monday. They currently have a $10.00 price target on the stock. B. Riley’s price target suggests a potential upside of 21.95% from the company’s previous close.
Separately, Zacks Investment Research upgraded Jakks Pacific from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $11.58.
Jakks Pacific (NASDAQ:JAKK) traded up 1.23% on Monday, reaching $8.20. The company had a trading volume of 290,526 shares. The stock has a market capitalization of $132.45 million, a P/E ratio of 15.65 and a beta of 0.55. The stock’s 50 day moving average is $8.83 and its 200-day moving average is $8.19. Jakks Pacific has a 1-year low of $6.17 and a 1-year high of $9.75.
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Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.04. The business had revenue of $141 million for the quarter, compared to analysts’ expectations of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.30) EPS. On average, equities analysts predict that Jakks Pacific will post $0.78 EPS for the current fiscal year.
In related news, major shareholder Patrick Soon-Shiong sold 133,619 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $8.82, for a total value of $1,178,519.58. Following the sale, the insider now owns 239,622 shares of the company’s stock, valued at approximately $2,113,466.04. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.10% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of JAKK. Lazard Asset Management LLC raised its stake in Jakks Pacific by 0.6% in the first quarter. Lazard Asset Management LLC now owns 51,534 shares of the company’s stock worth $383,000 after buying an additional 291 shares during the last quarter. Stifel Financial Corp raised its position in shares of Jakks Pacific by 1.6% in the second quarter. Stifel Financial Corp now owns 25,401 shares of the company’s stock worth $201,000 after buying an additional 400 shares in the last quarter. BlackRock Investment Management LLC raised its position in shares of Jakks Pacific by 1.0% in the second quarter. BlackRock Investment Management LLC now owns 72,075 shares of the company’s stock worth $570,000 after buying an additional 719 shares in the last quarter. Eagle Global Advisors LLC raised its position in shares of Jakks Pacific by 7.5% in the second quarter. Eagle Global Advisors LLC now owns 26,740 shares of the company’s stock worth $212,000 after buying an additional 1,870 shares in the last quarter. Finally, Oxford Asset Management raised its position in shares of Jakks Pacific by 0.6% in the second quarter. Oxford Asset Management now owns 361,018 shares of the company’s stock worth $2,856,000 after buying an additional 2,112 shares in the last quarter.
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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