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 trading hands. The stock had previously closed at $9.42.
Several equities analysts recently weighed in on JAKK shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Jakks Pacific in a research report on Monday, April 25th. Zacks Investment Research raised shares of 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 $10.00 price objective on shares of Jakks Pacific in a research report on Thursday, July 21st. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $11.00 price objective on shares of Jakks Pacific in a research report on Monday, May 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.67.
The stock has a market cap of $146.66 million and a P/E ratio of 17.33. The company’s 50-day moving average price is $8.94 and its 200-day moving average price is $7.73.
Jakks Pacific (NASDAQ:JAKK) last posted 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. During the same quarter in the previous year, the firm posted ($0.30) earnings per share. The company had revenue of $141 million for the quarter, compared to analyst estimates of $134.80 million. Jakks Pacific’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Jakks Pacific Inc. will post $0.79 EPS for the current year.
In related news, major shareholder Patrick Soon-Shiong sold 88,606 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was 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 directly owns 239,622 shares in the company, valued at approximately $1,883,428.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A hedge fund recently raised its stake in Jakks Pacific stock. Ancora Advisors LLC raised its stake in shares of Jakks Pacific Inc. (NASDAQ:JAKK) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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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