JAKKS Pacific, Inc. (NASDAQ:JAKK)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $2.88 and last traded at $2.88, with a volume of 150,626 shares changing hands. The stock had previously closed at $3.05.

Several equities analysts recently issued reports on JAKK shares. ValuEngine lowered shares of JAKKS Pacific from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. DA Davidson restated a “neutral” rating and issued a $3.75 target price (down previously from $5.00) on shares of JAKKS Pacific in a report on Saturday, July 22nd. TheStreet lowered shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. BMO Capital Markets set a $4.00 target price on shares of JAKKS Pacific and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, Jefferies Group LLC began coverage on shares of JAKKS Pacific in a report on Thursday, June 8th. They issued a “hold” rating and a $4.50 target price on the stock. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $5.46.

The company has a 50 day moving average of $3.32 and a 200-day moving average of $4.30. The firm’s market capitalization is $64.38 million.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.45). JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The business had revenue of $119.57 million for the quarter, compared to analysts’ expectations of $134.02 million. During the same period last year, the business earned ($0.27) earnings per share. The company’s revenue was down 15.2% on a year-over-year basis. On average, analysts anticipate that JAKKS Pacific, Inc. will post $0.15 EPS for the current year.

In other JAKKS Pacific news, CEO Stephen G. Berman purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $3.40 per share, with a total value of $34,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hancock Holding Co. increased its stake in JAKKS Pacific by 62.7% during the 1st quarter. Hancock Holding Co. now owns 31,345 shares of the company’s stock valued at $172,000 after purchasing an additional 12,085 shares in the last quarter. Lazard Asset Management LLC bought a new stake in JAKKS Pacific during the 1st quarter valued at about $271,000. Municipal Employees Retirement System of Michigan bought a new stake in JAKKS Pacific during the 2nd quarter valued at about $318,000. JPMorgan Chase & Co. increased its stake in JAKKS Pacific by 38.9% during the 1st quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock valued at $8,820,000 after purchasing an additional 448,687 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in JAKKS Pacific by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock valued at $1,181,000 after purchasing an additional 3,068 shares in the last quarter. 56.04% of the stock is owned by institutional investors.

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About JAKKS Pacific

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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