Jakks Pacific Inc. (JAKK) Stock Price Up 0.7%
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) rose 0.7% on Tuesday . The company traded as high as $9.07 and last traded at $8.83, with a volume of 273,565 shares traded. The stock had previously closed at $8.77.
JAKK has been the topic of a number of recent research reports. BMO Capital Markets restated a “buy” rating on shares of Jakks Pacific in a research note on Monday, April 25th. Zacks Investment Research upgraded shares of Jakks Pacific from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. B. Riley restated a “neutral” rating and set a $8.25 target price on shares of Jakks Pacific in a research note on Friday, May 20th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $11.00 target price on shares of Jakks Pacific in a research note on Monday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.53.
The firm has a market cap of $154.67 million and a price-to-earnings ratio of 18.06. The stock has a 50-day moving average price of $7.95 and a 200 day moving average price of $7.44.
Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, April 21st. The company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.94) by $0.07. During the same quarter in the prior year, the company earned ($0.40) earnings per share. The firm earned $95.80 million during the quarter, compared to analyst estimates of $98 million. Jakks Pacific’s quarterly revenue was down 16.1% on a year-over-year basis. Equities research analysts predict that Jakks Pacific Inc. will post $0.78 EPS for the current year.
In other news, major shareholder Patrick Soon-Shiong sold 88,606 shares of Jakks Pacific stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $7.86, for a total value of $696,443.16. Following the transaction, the insider now directly owns 239,622 shares of the company’s stock, valued at approximately $1,883,428.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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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