Jakks Pacific Inc. (JAKK) Shares Gap Up to $9.07
Jakks Pacific Inc. (NASDAQ:JAKK) gapped up before the market opened on Friday . The stock had previously closed at $9.06, but opened at $9.07. Jakks Pacific shares last traded at $9.38, with a volume of 285,500 shares.
A number of brokerages have recently issued reports on JAKK. B. Riley reiterated a “neutral” rating and set a $8.25 price objective on shares of Jakks Pacific in a research note on Wednesday, April 27th. Zacks Investment Research cut 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 set 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 equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Jakks Pacific has an average rating of “Buy” and a consensus price target of $11.67.
The firm has a market cap of $154.67 million and a price-to-earnings ratio of 17.96. The firm has a 50-day moving average price of $8.11 and a 200-day moving average price of $7.48.
Jakks Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, topping the 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 period in the prior year, the business earned ($0.30) EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts anticipate that Jakks Pacific Inc. will post $0.79 earnings per share for the current fiscal year.
In other Jakks Pacific news, major shareholder Patrick Soon-Shiong sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $8.80, for a total value of $264,000.00. Following the completion of the sale, the insider now owns 239,622 shares of the company’s stock, valued at $2,108,673.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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