Jefferies Group Analysts Raise Earnings Estimates for JAKKS Pacific, Inc. (JAKK)
JAKKS Pacific, Inc. (NASDAQ:JAKK) – Analysts at Jefferies Group boosted their Q1 2018 earnings per share (EPS) estimates for shares of JAKKS Pacific in a research note issued to investors on Thursday. Jefferies Group analyst S. Wissink now forecasts that the company will post earnings per share of ($0.56) for the quarter, up from their previous forecast of ($0.62). Jefferies Group currently has a “Hold” rating and a $4.50 price target on the stock. Jefferies Group also issued estimates for JAKKS Pacific’s Q2 2018 earnings at ($0.18) EPS and Q4 2018 earnings at ($0.18) EPS.
JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.45). The company had revenue of $119.57 million for the quarter, compared to analysts’ expectations of $134.02 million. JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The business’s revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.27) earnings per share. COPYRIGHT VIOLATION NOTICE: “Jefferies Group Analysts Raise Earnings Estimates for JAKKS Pacific, Inc. (JAKK)” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/25/jefferies-group-analysts-raise-earnings-estimates-for-jakks-pacific-inc-jakk.html.
Several other equities research analysts have also commented on the stock. ValuEngine lowered shares of JAKKS Pacific from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. DA Davidson reissued a “neutral” rating and issued a $3.75 price target (down previously from $5.00) on shares of JAKKS Pacific in a report on Saturday, July 22nd. TheStreet lowered shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. BMO Capital Markets set a $4.00 price target on shares of JAKKS Pacific and gave the stock a “hold” rating in a report on Wednesday, July 26th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $5.50 price target on shares of JAKKS Pacific in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $4.54.
JAKKS Pacific (NASDAQ:JAKK) opened at 2.90 on Monday. JAKKS Pacific has a 1-year low of $2.67 and a 1-year high of $9.15. The company’s 50-day moving average is $3.30 and its 200 day moving average is $4.25. The stock’s market capitalization is $66.04 million.
Institutional investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. grew its holdings in shares of JAKKS Pacific by 48.9% during 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of JAKKS Pacific by 0.5% during 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 in the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of JAKKS Pacific by 16.5% during 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 in the last quarter. Stifel Financial Corp grew its holdings in shares of JAKKS Pacific by 2.9% during the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock worth $155,000 after buying an additional 800 shares in the last quarter. Finally, Hancock Holding Co. grew its holdings in shares of JAKKS Pacific by 62.7% during the first quarter. Hancock Holding Co. now owns 31,345 shares of the company’s stock worth $172,000 after buying an additional 12,085 shares in the last quarter. 56.04% of the stock is owned by institutional investors and hedge funds.
In other JAKKS Pacific news, CEO Stephen G. Berman bought 10,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was acquired at an average price of $3.40 per share, with a total value of $34,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by corporate insiders.
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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