Jakks Pacific Inc. (JAKK) Sees Strong Trading Volume
Jakks Pacific Inc. (NASDAQ:JAKK) shares saw unusually-high trading volume on Monday . Approximately 302,651 shares were traded during mid-day trading, an increase of 22% from the previous session’s volume of 248,829 shares.The stock last traded at $8.65 and had previously closed at $8.52.
JAKK has been the subject of several analyst reports. B. Riley reiterated a “neutral” rating and issued a $8.25 target price on shares of Jakks Pacific in a research note on Friday, April 22nd. BMO Capital Markets reiterated a “buy” rating on shares of Jakks Pacific in a research note on Monday, April 25th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $11.00 target price on shares of Jakks Pacific in a research note on Monday, May 23rd. Finally, Zacks Investment Research lowered Jakks Pacific from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.53.
The company has a market capitalization of $146.08 million and a price-to-earnings ratio of 17.0594. The stock’s 50 day moving average price is $7.98 and its 200-day moving average price is $7.45.
Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.04. The company had revenue of $141 million for the quarter, compared to the consensus estimate of $134.80 million. During the same period in the prior year, the business earned ($0.30) earnings per share. Equities research analysts expect that Jakks Pacific Inc. will post $0.78 EPS for the current year.
In other news, major shareholder Patrick Soon-Shiong sold 100,000 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $8.20, for a total transaction of $820,000.00. Following the completion of the sale, the insider now directly owns 239,622 shares of the company’s stock, valued at approximately $1,964,900.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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.
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