BMO Capital Markets restated their hold rating on shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) in a report released on Thursday, July 13th. BMO Capital Markets currently has a $6.00 price target on the stock.
Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus raised their target price on shares of JAKKS Pacific from $5.50 to $6.00 and gave the company a hold rating in a research note on Wednesday, April 26th. Jefferies Group LLC assumed coverage on shares of JAKKS Pacific in a research note on Thursday, June 8th. They set a hold rating and a $4.50 price target on the stock. DA Davidson reissued a neutral rating and set a $5.00 price target on shares of JAKKS Pacific in a research note on Tuesday, May 23rd. Finally, Zacks Investment Research raised shares of JAKKS Pacific from a sell rating to a hold rating in a research note on Friday, April 28th. Eight analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and an average target price of $5.46.
Shares of JAKKS Pacific (NASDAQ:JAKK) opened at 3.50 on Thursday. The company has a market capitalization of $66.49 million, a PE ratio of 218.75 and a beta of 0.81. The stock’s 50 day moving average is $3.91 and its 200 day moving average is $4.80. JAKKS Pacific has a 1-year low of $3.35 and a 1-year high of $9.75.
JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.45. The company had revenue of $119.57 million during the quarter, compared to analysts’ expectations of $134.02 million. JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.27) earnings per share. On average, equities research analysts anticipate that JAKKS Pacific will post $0.34 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in JAKKS Pacific by 0.7% in the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock valued at $8,887,000 after buying an additional 11,600 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of JAKKS Pacific by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock worth $8,820,000 after buying an additional 448,687 shares during the period. Staley Capital Advisers Inc. boosted its stake in shares of JAKKS Pacific by 4.9% in the first quarter. Staley Capital Advisers Inc. now owns 1,068,100 shares of the company’s stock worth $5,875,000 after buying an additional 50,000 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of JAKKS Pacific by 108.4% in the first quarter. Daiwa Securities Group Inc. now owns 650,000 shares of the company’s stock worth $3,575,000 after buying an additional 338,129 shares during the period. Finally, State Street Corp boosted its stake in shares of JAKKS Pacific by 2.4% in the fourth quarter. State Street Corp now owns 287,571 shares of the company’s stock worth $1,480,000 after buying an additional 6,662 shares during the period. Institutional investors and hedge funds own 67.14% of the company’s stock.
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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