JAKKS Pacific, Inc. (JAKK) Receives Consensus Rating of “Hold” from Analysts
JAKKS Pacific, Inc. (NASDAQ:JAKK) has been given an average rating of “Hold” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $5.42.
JAKK has been the subject of several research reports. Zacks Investment Research upgraded JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Stifel Nicolaus boosted their price target on JAKKS Pacific from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC initiated coverage on JAKKS Pacific in a research report on Thursday, June 8th. They set a “hold” rating and a $4.50 price target for the company. DA Davidson reiterated a “neutral” rating and set a $5.00 price target on shares of JAKKS Pacific in a research report on Tuesday, May 23rd. Finally, B. Riley restated a “neutral” rating and issued a $5.00 target price on shares of JAKKS Pacific in a report on Wednesday, March 1st.
Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its stake in shares of JAKKS Pacific by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock valued at $135,000 after buying an additional 117 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of JAKKS Pacific by 16.5% in the first quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock valued at $142,000 after buying an additional 3,664 shares during the last quarter. Whitebox Advisors LLC bought a new stake in shares of JAKKS Pacific during the first quarter valued at about $279,000. KCG Holdings Inc. boosted its stake in shares of JAKKS Pacific by 48.9% in the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock valued at $118,000 after buying an additional 7,023 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of JAKKS Pacific by 0.7% in the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock valued at $8,887,000 after buying an additional 11,600 shares during the last quarter. Institutional investors own 67.16% of the company’s stock.
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JAKKS Pacific (JAKK) opened at 4.00 on Tuesday. JAKKS Pacific has a 52-week low of $3.95 and a 52-week high of $9.75. The stock’s 50 day moving average price is $4.54 and its 200-day moving average price is $5.30. The company has a market capitalization of $75.99 million, a P/E ratio of 250.00 and a beta of 0.72.
JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Tuesday, April 25th. The company reported ($1.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.97) by $0.04. JAKKS Pacific had a return on equity of 0.26% and a net margin of 0.05%. The firm had revenue of $94.50 million for the quarter, compared to analysts’ expectations of $87.68 million. During the same quarter in the previous year, the firm posted ($1.01) earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts predict that JAKKS Pacific will post $0.34 earnings per share for the current fiscal year.
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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