JAKKS Pacific, Inc. (NASDAQ:JAKK) had its target price dropped by investment analysts at Stifel Nicolaus from $4.50 to $3.30 in a research report issued to clients and investors on Monday. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 20.00% from the company’s previous close.
JAKK has been the subject of several other reports. BMO Capital Markets reiterated a “hold” rating and issued a $3.50 price target on shares of JAKKS Pacific in a research note on Friday, October 6th. TheStreet cut JAKKS Pacific from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. DA Davidson cut JAKKS Pacific from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $3.75 to $2.25 in a research note on Thursday, September 21st. Zacks Investment Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, ValuEngine cut JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $3.93.
JAKKS Pacific (JAKK) opened at 2.75 on Monday. The company’s 50 day moving average price is $3.12 and its 200 day moving average price is $3.78. The company’s market cap is $62.62 million. JAKKS Pacific has a 52-week low of $2.67 and a 52-week high of $7.45.
JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.32). The company had revenue of $262.40 million during the quarter, compared to the consensus estimate of $294.59 million. JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. The company’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. Equities research analysts anticipate that JAKKS Pacific will post $0.26 EPS for the current fiscal year.
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In other JAKKS Pacific news, CEO Stephen G. Berman bought 10,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of $3.40 per share, for a total transaction of $34,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in JAKK. Bank of New York Mellon Corp lifted its stake in shares of JAKKS Pacific by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock valued at $1,181,000 after acquiring an additional 3,068 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of JAKKS Pacific by 2.9% in the 1st quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock valued at $155,000 after acquiring an additional 800 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of JAKKS Pacific by 22.7% in the 1st quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock valued at $1,196,000 after acquiring an additional 40,300 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of JAKKS Pacific by 0.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock valued at $8,887,000 after acquiring an additional 11,600 shares during the last quarter. Finally, KCG Holdings Inc. lifted its stake in shares of JAKKS Pacific by 48.9% in the 1st quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock valued at $118,000 after acquiring an additional 7,023 shares during the last quarter. Institutional investors own 55.59% of the company’s stock.
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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