Jakks Pacific Inc. (JAKK) Trading 1.2% Higher
Jakks Pacific Inc. (NASDAQ:JAKK)’s share price traded 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. The stock had previously closed at $9.23.
Several equities analysts have recently weighed in on the stock. B. Riley reiterated a “neutral” rating and issued a $8.25 price objective on shares of Jakks Pacific in a research note on Wednesday, April 27th. Zacks Investment Research cut shares of Jakks Pacific from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $11.00 price objective on shares of Jakks Pacific in a research note on Monday, May 23rd. Finally, BMO Capital Markets reiterated 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 sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $11.67.
The stock has a market capitalization of $152.05 million and a P/E ratio of 17.66. The stock has a 50 day moving average of $8.47 and a 200-day moving average of $7.58.
Jakks Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.04. During the same quarter in the previous year, the firm posted ($0.30) EPS. The business had revenue of $141 million for the quarter, compared to analysts’ expectations of $134.80 million. Jakks Pacific’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts predict that Jakks Pacific Inc. will post $0.79 earnings per share for the current fiscal year.
In other news, major shareholder Patrick Soon-Shiong sold 88,606 shares of the business’s stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $7.86, for a total transaction of $696,443.16. Following the sale, the insider now owns 239,622 shares in the company, valued at $1,883,428.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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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