Stephen G. Berman Acquires 10,000 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) Stock
JAKKS Pacific, Inc. (NASDAQ:JAKK) CEO Stephen G. Berman acquired 10,000 shares of the stock in a transaction dated Monday, August 7th. The stock was acquired at an average cost of $3.40 per share, with a total value of $34,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of JAKKS Pacific, Inc. (JAKK) traded down 1.47% during trading on Monday, reaching $3.35. The company had a trading volume of 191,248 shares. The firm has a 50-day moving average of $3.83 and a 200 day moving average of $4.73. The firm’s market capitalization is $72.41 million. JAKKS Pacific, Inc. has a 1-year low of $3.15 and a 1-year high of $9.75.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Tuesday, July 25th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by $0.45. JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The company had revenue of $119.57 million during the quarter, compared to analyst estimates of $134.02 million. During the same quarter in the prior year, the company earned ($0.27) EPS. The business’s revenue was down 15.2% on a year-over-year basis. Analysts expect that JAKKS Pacific, Inc. will post $0.17 earnings per share for the current year.
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Large investors have recently made changes to their positions in the company. KBC Group NV increased its stake in shares of JAKKS Pacific by 5.5% in the second quarter. KBC Group NV now owns 63,199 shares of the company’s stock valued at $253,000 after buying an additional 3,304 shares during the period. LMR Partners LLP acquired a new stake in shares of JAKKS Pacific during the second quarter valued at $194,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of JAKKS Pacific during the second quarter valued at $318,000. Goldman Sachs Group Inc. increased 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 period. Finally, Tudor Investment Corp ET AL increased 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 period. Institutional investors and hedge funds own 66.44% of the company’s stock.
A number of research firms have recently weighed in on JAKK. Zacks Investment Research cut JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. BMO Capital Markets set a $4.00 price objective on JAKKS Pacific and gave the stock a “hold” rating in a research report on Wednesday, July 26th. TheStreet cut JAKKS Pacific from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and issued a $5.50 price objective on shares of JAKKS Pacific in a research report on Monday, July 10th. Finally, DA Davidson reissued a “neutral” rating and issued a $3.75 price objective (down previously from $5.00) on shares of JAKKS Pacific in a research report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. JAKKS Pacific presently has a consensus rating of “Hold” and a consensus target price of $5.46.
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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