JAKKS Pacific, Inc. (NASDAQ:JAKK) CEO Acquires $34,000.00 in Stock

JAKKS Pacific, Inc. (NASDAQ:JAKK) CEO Stephen G. Berman bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average price of $3.40 per share, with a total value of $34,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

JAKKS Pacific, Inc. (JAKK) traded up 2.94% during midday trading on Friday, reaching $3.50. 54,380 shares of the company’s stock traded hands. JAKKS Pacific, Inc. has a 52-week low of $3.05 and a 52-week high of $9.75. The stock has a 50-day moving average of $3.60 and a 200 day moving average of $4.56. The company’s market cap is $79.70 million.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Tuesday, July 25th. The company reported ($0.66) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.45. The business had revenue of $119.57 million for the quarter, compared to analyst estimates of $134.02 million. JAKKS Pacific had a negative return on equity of 7.07% and a negative net margin of 1.76%. The firm’s revenue was down 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.27) EPS. On average, analysts anticipate that JAKKS Pacific, Inc. will post $0.17 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in JAKKS Pacific by 0.7% in the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock valued at $8,887,000 after buying an additional 11,600 shares in the last quarter. JPMorgan Chase & Co. increased its position in JAKKS Pacific by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock valued at $8,820,000 after buying an additional 448,687 shares in the last quarter. Staley Capital Advisers Inc. increased its position in JAKKS Pacific by 4.9% in the first quarter. Staley Capital Advisers Inc. now owns 1,068,100 shares of the company’s stock valued at $5,875,000 after buying an additional 50,000 shares in the last quarter. Daiwa Securities Group Inc. increased its position in JAKKS Pacific by 108.4% in the first quarter. Daiwa Securities Group Inc. now owns 650,000 shares of the company’s stock valued at $3,575,000 after buying an additional 338,129 shares in the last quarter. Finally, State Street Corp increased its position in JAKKS Pacific by 2.4% in the fourth quarter. State Street Corp now owns 287,571 shares of the company’s stock valued at $1,480,000 after buying an additional 6,662 shares in the last quarter. 66.05% of the stock is owned by hedge funds and other institutional investors.

JAKK has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their target price on shares of JAKKS Pacific from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Zacks Investment Research upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. DA Davidson restated a “neutral” rating and issued a $5.00 price objective on shares of JAKKS Pacific in a research report on Tuesday, May 23rd. TheStreet cut shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Finally, BMO Capital Markets set a $4.00 price objective on shares of JAKKS Pacific and gave the company a “hold” rating in a research report on Wednesday, July 26th. Eight analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target 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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