JAKKS Pacific, Inc. (NASDAQ:JAKK) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $5.33.
A number of equities research analysts recently weighed in on JAKK shares. Stifel Nicolaus raised their price target on JAKKS Pacific from $5.50 to $6.00 and gave the company a “hold” rating in a 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. DA Davidson reissued a “neutral” rating and issued a $5.00 price target on shares of JAKKS Pacific in a research note on Tuesday, May 23rd. Jefferies Group LLC began coverage on JAKKS Pacific in a research note on Thursday, June 8th. They issued a “hold” rating and a $4.50 price target on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 target price on shares of JAKKS Pacific in a research report on Thursday, July 13th.
Several hedge funds and other institutional investors have recently made changes to their positions in JAKK. Renaissance Technologies LLC increased its stake in JAKKS Pacific by 0.7% in the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock worth $8,887,000 after buying an additional 11,600 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of JAKKS Pacific by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock worth $8,820,000 after buying an additional 448,687 shares during the period. Oasis Management Co Ltd. boosted its stake in shares of JAKKS Pacific by 17.2% in the fourth quarter. Oasis Management Co Ltd. now owns 1,395,834 shares of the company’s stock worth $7,189,000 after buying an additional 204,681 shares during the period. Staley Capital Advisers Inc. boosted its stake in shares of JAKKS Pacific by 4.9% in the first quarter. Staley Capital Advisers Inc. now owns 1,068,100 shares of the company’s stock worth $5,875,000 after buying an additional 50,000 shares during the period. Finally, Prudential PLC boosted its stake in shares of JAKKS Pacific by 6.6% in the fourth quarter. Prudential PLC now owns 748,700 shares of the company’s stock worth $3,856,000 after buying an additional 46,200 shares during the period. Institutional investors own 66.98% of the company’s stock.
JAKKS Pacific (JAKK) opened at 3.85 on Tuesday. The stock’s 50 day moving average is $4.22 and its 200 day moving average is $5.03. JAKKS Pacific has a 12-month low of $3.72 and a 12-month high of $9.75. The stock has a market capitalization of $73.14 million, a price-to-earnings ratio of 240.62 and a beta of 0.81.
JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Tuesday, April 25th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.97) by $0.04. JAKKS Pacific had a return on equity of 0.26% and a net margin of 0.05%. The company had revenue of $94.50 million during the quarter, compared to analyst estimates of $87.68 million. During the same period in the previous year, the company posted ($1.01) earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts forecast that JAKKS Pacific will post $0.34 EPS for the current fiscal year.
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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