Jakks Pacific Inc. (JAKK) Trading 0.7% Higher
Jakks Pacific Inc. (NASDAQ:JAKK) traded up 0.7% during mid-day trading 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.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Jakks Pacific from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. B. Riley reaffirmed a “neutral” rating and set a $8.25 target price on shares of Jakks Pacific in a research report on Wednesday, April 27th. BMO Capital Markets reaffirmed a “buy” rating on shares of Jakks Pacific in a research report on Monday, April 25th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $11.00 price objective on shares of Jakks Pacific in a research report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.53.
The company’s 50-day moving average price is $8.01 and its 200 day moving average price is $7.46. The stock has a market capitalization of $157.67 million and a price-to-earnings ratio of 18.41.
Jakks Pacific (NASDAQ:JAKK) last announced its earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.04. During the same period in the prior year, the business posted ($0.30) EPS. The firm earned $141 million during the quarter, compared to analyst estimates of $134.80 million. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts predict that Jakks Pacific Inc. will post $0.78 EPS for the current fiscal year.
In related news, major shareholder Patrick Soon-Shiong sold 50,343 shares of Jakks Pacific stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $7.74, for a total value of $389,654.82. Following the sale, the insider now owns 239,622 shares of the company’s stock, valued at approximately $1,854,674.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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