Jakks Pacific Inc. (JAKK) Trading Down 2.8%
Jakks Pacific Inc. (NASDAQ:JAKK)’s share price was down 2.8% on Tuesday . The stock traded as low as $9.11 and last traded at $9.16, with a volume of 69,483 shares changing hands. The stock had previously closed at $9.42.
Several equities analysts have recently weighed in on JAKK shares. Zacks Investment Research upgraded Jakks Pacific from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a research report on Friday, July 22nd. BMO Capital Markets reaffirmed a “buy” rating on shares of Jakks Pacific in a report on Monday, April 25th. B. Riley reaffirmed a “neutral” rating and issued a $8.25 price target on shares of Jakks Pacific in a report on Friday, May 20th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $11.00 price target on shares of Jakks Pacific in a report on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Jakks Pacific presently has a consensus rating of “Hold” and an average target price of $11.67.
The firm has a market capitalization of $147.79 million and a P/E ratio of 17.46. The stock has a 50 day moving average of $8.86 and a 200-day moving average of $7.71.
Jakks Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.04. The business had revenue of $141 million for the quarter, compared to analyst estimates of $134.80 million. During the same quarter in the previous year, the firm posted ($0.30) EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts expect that Jakks Pacific Inc. will post $0.79 EPS for the current year.
In other Jakks Pacific news, major shareholder Patrick Soon-Shiong sold 133,619 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $8.82, for a total transaction of $1,178,519.58. Following the transaction, the insider now owns 239,622 shares in the company, valued at approximately $2,113,466.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
An institutional investor recently raised its position in Jakks Pacific stock. Ancora Advisors LLC raised its stake in Jakks Pacific Inc. (NASDAQ:JAKK) by 13.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 148,000 shares of the company’s stock after buying an additional 17,500 shares during the period. Ancora Advisors LLC owned about 0.84% of Jakks Pacific worth $1,006,000 as of its most recent filing with the SEC.
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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