Brokerages Set JAKKS Pacific, Inc. (JAKK) PT at $5.42
JAKKS Pacific, Inc. (NASDAQ:JAKK) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is $5.33.
Several research analysts recently weighed in on JAKK shares. Stifel Nicolaus increased their target price on JAKKS Pacific from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC started coverage on JAKKS Pacific in a research report on Thursday, June 8th. They issued a “hold” rating and a $4.50 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 target price on shares of JAKKS Pacific in a research report on Thursday. Zacks Investment Research raised JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $5.00 target price on shares of JAKKS Pacific in a research report on Tuesday, May 23rd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new position in JAKKS Pacific during the first quarter valued at approximately $271,000. California Public Employees Retirement System raised its position in JAKKS Pacific by 22.7% in the first quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock valued at $1,196,000 after buying an additional 40,300 shares during the period. Stifel Financial Corp raised its position in JAKKS Pacific by 2.9% in the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock valued at $155,000 after buying an additional 800 shares during the period. KBC Group NV raised its position in JAKKS Pacific by 92.1% in the first quarter. KBC Group NV now owns 59,895 shares of the company’s stock valued at $329,000 after buying an additional 28,719 shares during the period. Finally, JPMorgan Chase & Co. raised its position in JAKKS Pacific by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock valued at $8,820,000 after buying an additional 448,687 shares during the period. 66.99% of the stock is currently owned by institutional investors.
JAKKS Pacific (NASDAQ JAKK) traded up 1.33% during midday trading on Monday, hitting $3.80. The company had a trading volume of 60,172 shares. The stock has a 50 day moving average of $4.22 and a 200 day moving average of $5.03. JAKKS Pacific has a 52-week low of $3.72 and a 52-week high of $9.75. The firm has a market cap of $72.19 million, a price-to-earnings ratio of 237.50 and a beta of 0.81.
JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Tuesday, April 25th. The company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.97) by $0.04. The firm had revenue of $94.50 million during the quarter, compared to analysts’ expectations of $87.68 million. JAKKS Pacific had a return on equity of 0.26% and a net margin of 0.05%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted ($1.01) earnings per share. On average, analysts anticipate that JAKKS Pacific will post $0.34 EPS for the current year.
JAKKS Pacific Company Profile
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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