Jakks Pacific Inc. (JAKK) Trading 1.6% Higher
Jakks Pacific Inc. (NASDAQ:JAKK) shares traded up 1.6% during trading on Tuesday . The company traded as high as $8.14 and last traded at $8.10, with a volume of 114,866 shares trading hands. The stock had previously closed at $7.97.
A number of research analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating and set a $8.25 price objective 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 report on Tuesday, June 21st. 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. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Jakks Pacific in a research report on Monday, April 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.53.
The firm has a market cap of $149.37 million and a price-to-earnings ratio of 17.44. The firm’s 50 day moving average price is $7.66 and its 200-day moving average price is $7.41.
Jakks Pacific (NASDAQ:JAKK) last released its earnings results on Thursday, April 21st. The company reported ($1.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.94) by $0.07. The company had revenue of $95.80 million for the quarter, compared to analyst estimates of $98 million. During the same period in the prior year, the business posted ($0.40) earnings per share. The company’s quarterly revenue was down 16.1% compared to the same quarter last year. Equities analysts expect that Jakks Pacific Inc. will post $0.78 EPS for the current year.
In related news, major shareholder Patrick Soon-Shiong sold 7,000 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $8.08, for a total value of $56,560.00. Following the completion of the transaction, the insider now owns 239,622 shares of the company’s stock, valued at $1,936,145.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
An institutional investor recently bought a new position in Jakks Pacific stock. Oxford Asset Management bought a new position in shares of Jakks Pacific Inc. (NASDAQ:JAKK) during the fourth quarter, Holdings Channel reports. The institutional investor bought 427,367 shares of the company’s stock, valued at approximately $3,423,000. Oxford Asset Management owned 2.44% of Jakks Pacific as of its most recent filing with the SEC.
JAKKS Pacific, Inc (JAKKS) is a multi-line, multi-brand toy company that 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.