JAKKS Pacific (JAKK) Hits New 52-Week Low at $2.24
JAKKS Pacific, Inc. (NASDAQ:JAKK) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.24 and last traded at $2.35, with a volume of 237800 shares traded. The stock had previously closed at $2.35.
Several equities research analysts have issued reports on the company. BMO Capital Markets reissued a “hold” rating and set a $3.50 target price on shares of JAKKS Pacific in a research note on Monday, November 27th. Zacks Investment Research cut JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 31st. DA Davidson raised JAKKS Pacific from an “underperform” rating to a “neutral” rating in a research note on Monday, October 30th. They noted that the move was a valuation call. Stifel Nicolaus cut their target price on JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating for the company in a research note on Monday, October 30th. Finally, Jefferies Group reissued a “hold” rating and set a $3.50 target price (down previously from $4.50) on shares of JAKKS Pacific in a research note on Saturday, September 30th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $3.51.
The company has a quick ratio of 1.54, a current ratio of 1.96 and a debt-to-equity ratio of 1.07. The company has a market cap of $63.42, a P/E ratio of -0.78 and a beta of 0.65.
JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Thursday, October 26th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.32). The business had revenue of $262.40 million for the quarter, compared to analyst estimates of $294.59 million. JAKKS Pacific had a negative return on equity of 15.58% and a negative net margin of 9.36%. JAKKS Pacific’s revenue was down 13.3% compared to the same quarter last year. During the same period last year, the business earned $0.82 EPS. sell-side analysts predict that JAKKS Pacific, Inc. will post -0.04 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JAKK. Walthausen & Co. LLC boosted its position in shares of JAKKS Pacific by 668.6% during the third quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock worth $2,323,000 after buying an additional 673,560 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of JAKKS Pacific by 59.2% during the third quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock worth $2,703,000 after buying an additional 333,070 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of JAKKS Pacific by 273.2% during the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock worth $366,000 after buying an additional 67,020 shares during the period. Wells Fargo & Company MN boosted its position in shares of JAKKS Pacific by 20,020.5% during the third quarter. Wells Fargo & Company MN now owns 51,911 shares of the company’s stock worth $155,000 after buying an additional 51,653 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of JAKKS Pacific by 12.7% during the second quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock worth $129,000 after buying an additional 3,604 shares during the period. Institutional investors and hedge funds own 56.78% of the company’s stock.
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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