JAKKS Pacific, Inc. (JAKK) Shares Gap Up to $9.07
JAKKS Pacific, Inc. (NASDAQ:JAKK) gapped up before the market opened on Friday . The stock had previously closed at $9.06, but opened at $9.07. JAKKS Pacific shares last traded at $9.38, with a volume of 285,500 shares trading hands.
A number of research firms recently commented on JAKK. B. Riley reissued a “neutral” rating and set a $8.25 target price on shares of JAKKS Pacific in a research report on Wednesday, April 27th. Zacks Investment Research lowered shares of JAKKS Pacific from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Piper Jaffray Cos. restated an “overweight” rating and set a $11.00 price target on shares of JAKKS Pacific in a research note on Monday, May 23rd. Finally, BMO Capital Markets restated a “buy” rating on shares of JAKKS Pacific in a research note on Monday, April 25th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $11.67.
The firm has a 50 day moving average price of $8.11 and a 200-day moving average price of $7.48. The firm has a market cap of $154.67 million and a PE ratio of 17.96.
JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.04. During the same quarter last year, the firm posted ($0.30) EPS. The business earned $141 million during the quarter, compared to analyst estimates of $134.80 million. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts forecast that JAKKS Pacific, Inc. will post $0.79 EPS for the current fiscal year.
In related news, major shareholder Patrick Soon-Shiong sold 88,606 shares of JAKKS Pacific stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $7.86, for a total value of $696,443.16. Following the completion of the transaction, the insider now owns 239,622 shares in the company, valued at $1,883,428.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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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