JAKKS Pacific, Inc. (NASDAQ:JAKK)‘s stock had its “hold” rating reaffirmed by analysts at BMO Capital Markets in a report issued on Thursday. They presently have a $6.00 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 57.89% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Stifel Nicolaus boosted their price target on shares of JAKKS Pacific from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC assumed coverage on shares of 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 issued a $5.00 target price on shares of JAKKS Pacific in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating, JAKKS Pacific presently has a consensus rating of “Hold” and an average price target of $5.93.

Shares of JAKKS Pacific (NASDAQ:JAKK) traded up 1.33% during midday trading on Thursday, hitting $3.80. The company’s stock had a trading volume of 60,172 shares. The firm has a market cap of $72.19 million, a P/E ratio of 237.50 and a beta of 0.81. The stock’s 50 day moving average is $4.22 and its 200-day moving average is $5.03. JAKKS Pacific has a 52-week low of $3.72 and a 52-week high of $9.75.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Tuesday, April 25th. The company reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.97) by $0.04. The firm had revenue of $94.50 million for the quarter, compared to analysts’ expectations of $87.68 million. JAKKS Pacific had a net margin of 0.05% and a return on equity of 0.26%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned ($1.01) earnings per share. Equities analysts predict that JAKKS Pacific will post $0.34 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position 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 period. Stifel Financial Corp raised its position in shares of JAKKS Pacific by 2.9% in the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock valued at $155,000 after buying an additional 800 shares during the period. Bank of New York Mellon Corp raised its position in shares of JAKKS Pacific by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock valued at $1,181,000 after buying an additional 3,068 shares during the period. Tudor Investment Corp ET AL raised its position 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 period. Finally, State Street Corp raised its position in shares of JAKKS Pacific by 2.4% in the fourth quarter. State Street Corp now owns 287,571 shares of the company’s stock valued at $1,480,000 after buying an additional 6,662 shares during the period. Institutional investors own 66.99% of the company’s stock.

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.

Analyst Recommendations for JAKKS Pacific (NASDAQ:JAKK)

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