Jakks Pacific Inc. (JAKK) Sees Large Volume Increase
Jakks Pacific Inc. (NASDAQ:JAKK) saw an uptick in trading volume on Monday . 302,651 shares changed hands during mid-day trading, an increase of 22% from the previous session’s volume of 248,829 shares.The stock last traded at $8.65 and had previously closed at $8.52.
A number of equities research analysts have commented on JAKK shares. Zacks Investment Research cut shares of Jakks Pacific from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Piper Jaffray Cos. restated an “overweight” rating and issued a $11.00 price target on shares of Jakks Pacific in a research report on Monday, May 23rd. BMO Capital Markets restated a “buy” rating on shares of Jakks Pacific in a research report on Monday, April 25th. Finally, B. Riley restated a “neutral” rating and issued a $8.25 price target on shares of Jakks Pacific in a research report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Jakks Pacific presently has a consensus rating of “Hold” and an average target price of $10.53.
The company has a market cap of $154.84 million and a PE ratio of 18.08. The stock’s 50-day moving average is $7.95 and its 200-day moving average is $7.44.
Jakks Pacific (NASDAQ:JAKK) last issued its earnings results on Thursday, April 21st. The company reported ($1.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.94) by $0.07. During the same period last year, the firm earned ($0.40) earnings per share. The firm earned $95.80 million during the quarter, compared to the consensus estimate of $98 million. Jakks Pacific’s revenue for the quarter was down 16.1% on a year-over-year basis. Analysts forecast that Jakks Pacific Inc. will post $0.78 EPS for the current year.
In related news, major shareholder Patrick Soon-Shiong sold 50,343 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $7.74, for a total value of $389,654.82. Following the completion of the transaction, the insider now owns 239,622 shares of the company’s stock, valued at $1,854,674.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
JAKKS Pacific, Inc (JAKKS) is a multi-line, multi-brand toy company that 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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