JAKKS Pacific, Inc. (NASDAQ:JAKK) Downgraded by TheStreet
JAKKS Pacific, Inc. (NASDAQ:JAKK) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d+” rating in a research report issued to clients and investors on Tuesday.
A number of other brokerages also recently commented on JAKK. Stifel Nicolaus upped their target price on JAKKS Pacific from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Friday, April 28th. DA Davidson reaffirmed a “neutral” rating and issued a $5.00 price target on shares of JAKKS Pacific in a report on Tuesday, May 23rd. Jefferies Group LLC assumed coverage on JAKKS Pacific in a report on Thursday, June 8th. They issued a “hold” rating and a $4.50 price target for the company. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 price target on shares of JAKKS Pacific in a report on Thursday, July 13th. Eight investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $5.39.
JAKKS Pacific (JAKK) traded up 1.45% on Tuesday, hitting $3.50. The stock had a trading volume of 123,581 shares. The company has a 50 day moving average price of $3.95 and a 200-day moving average price of $4.82. The company has a market cap of $66.49 million, a price-to-earnings ratio of 218.75 and a beta of 0.81. JAKKS Pacific has a 52-week low of $3.35 and a 52-week high of $9.75.
JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Tuesday, July 25th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.45. JAKKS Pacific had a return on equity of 0.26% and a net margin of 0.05%. The company had revenue of $119.57 million during the quarter, compared to analysts’ expectations of $134.02 million. During the same quarter in the previous year, the company earned ($0.27) EPS. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. On average, equities research analysts predict that JAKKS Pacific will post $0.34 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan acquired a new position in JAKKS Pacific during the second quarter worth $318,000. Goldman Sachs Group Inc. boosted its position in JAKKS Pacific by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock worth $135,000 after buying an additional 117 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in JAKKS Pacific by 16.5% in the first quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock worth $142,000 after buying an additional 3,664 shares during the last quarter. Whitebox Advisors LLC acquired a new position in JAKKS Pacific during the first quarter worth $279,000. Finally, KCG Holdings Inc. boosted its position in JAKKS Pacific by 48.9% in the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock worth $118,000 after buying an additional 7,023 shares during the last quarter. 67.14% of the stock is owned by institutional investors.
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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