Jakks Pacific Inc. (JAKK) Shares Up 1.2%
Jakks Pacific Inc. (NASDAQ:JAKK)’s share price shot up 1.2% on Tuesday . The stock traded as high as $9.36 and last traded at $9.34, with a volume of 182,071 shares changing hands. The stock had previously closed at $9.23.
Several research firms have weighed in on JAKK. B. Riley reissued a “neutral” rating and issued a $10.00 target price on shares of Jakks Pacific in a research note on Tuesday, July 26th. Zacks Investment Research raised Jakks Pacific from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $11.00 target price on shares of Jakks Pacific in a research note on Monday, May 23rd. Finally, BMO Capital Markets reissued a “buy” rating on shares of Jakks Pacific in a research note on Monday, April 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Jakks Pacific has an average rating of “Hold” and an average price target of $11.67.
The firm has a market capitalization of $152.21 million and a P/E ratio of 17.68. The stock has a 50 day moving average of $8.39 and a 200 day moving average of $7.56.
Jakks Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.04. The business had revenue of $141 million for the quarter, compared to the consensus estimate of $134.80 million. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.30) EPS. Analysts predict that Jakks Pacific Inc. will post $0.79 EPS for the current fiscal year.
In other news, major shareholder Patrick Soon-Shiong sold 7,000 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $8.08, for a total transaction of $56,560.00. Following the completion of the sale, the insider now owns 239,622 shares of the company’s stock, valued at approximately $1,936,145.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
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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