DA Davidson Reiterates Neutral Rating for JAKKS Pacific, Inc. (JAKK)
JAKKS Pacific, Inc. (NASDAQ:JAKK)‘s stock had its “neutral” rating reaffirmed by DA Davidson in a research report issued on Saturday. They presently have a $5.00 price target on the stock. DA Davidson’s price objective would indicate a potential upside of 35.14% from the stock’s previous close.
Several other equities analysts have also recently issued reports on JAKK. Stifel Nicolaus boosted their price target on JAKKS Pacific from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, April 26th. Zacks Investment Research upgraded JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Jefferies Group LLC started coverage on JAKKS Pacific in a research report on Thursday, June 8th. They issued a “hold” rating and a $4.50 price target on the stock. Finally, BMO Capital Markets restated a “hold” rating and issued a $6.00 price target on shares of JAKKS Pacific in a research report on Thursday, July 13th. Eight research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $5.93.
Shares of JAKKS Pacific (NASDAQ JAKK) traded down 2.63% on Friday, hitting $3.70. The stock had a trading volume of 128,787 shares. The company has a market cap of $70.29 million, a price-to-earnings ratio of 231.25 and a beta of 0.81. The stock has a 50 day moving average price of $3.99 and a 200-day moving average price of $4.84. JAKKS Pacific has a 12-month low of $3.70 and a 12-month high of $9.75.
JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Tuesday, April 25th. The company reported ($1.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.97) by $0.04. JAKKS Pacific had a net margin of 0.05% and a return on equity of 0.26%. The firm had revenue of $94.50 million during the quarter, compared to analysts’ expectations of $87.68 million. During the same period in the previous year, the firm posted ($1.01) earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts expect that JAKKS Pacific will post $0.34 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of JAKK. Palo Capital bought a new position in shares of JAKKS Pacific during the third quarter valued at about $89,000. HighPoint Advisor Group LLC boosted its position in JAKKS Pacific by 28.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 97,808 shares of the company’s stock valued at $718,000 after buying an additional 21,581 shares during the last quarter. Oxford Asset Management acquired a new position in JAKKS Pacific during the fourth quarter valued at about $3,423,000. Ancora Advisors LLC boosted its position in JAKKS Pacific by 13.4% in the fourth quarter. Ancora Advisors LLC now owns 148,000 shares of the company’s stock valued at $1,006,000 after buying an additional 17,500 shares during the last quarter. Finally, Cooper Creek Partners Management LLC boosted its position in JAKKS Pacific by 109.6% in the fourth quarter. Cooper Creek Partners Management LLC now owns 674,246 shares of the company’s stock valued at $5,367,000 after buying an additional 352,526 shares during the last quarter. Hedge funds and other institutional investors own 66.98% of the company’s stock.
About JAKKS Pacific
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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