JAKKS Pacific (NASDAQ:JAKK)‘s stock had its “market perform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research note issued to investors on Friday. They presently have a $2.50 target price on the stock, down from their prior target price of $3.50. BMO Capital Markets’ price objective would indicate a potential upside of 16.28% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Stifel Nicolaus lowered their target price on shares of JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating on the stock in a research report on Monday, October 30th. DA Davidson raised shares of JAKKS Pacific from an “underperform” rating to a “neutral” rating in a research report on Monday, October 30th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of JAKKS Pacific from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $3.31.
JAKKS Pacific (NASDAQ JAKK) traded down $0.10 during trading on Friday, reaching $2.15. 76,326 shares of the company’s stock traded hands, compared to its average volume of 226,479. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.08 and a quick ratio of 1.54. The firm has a market capitalization of $60.72, a P/E ratio of -0.55, a price-to-earnings-growth ratio of 4.35 and a beta of 0.69. JAKKS Pacific has a 52-week low of $2.10 and a 52-week high of $5.80.
JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Thursday, February 22nd. The company reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.50). The business had revenue of $136.63 million for the quarter, compared to analyst estimates of $155.74 million. JAKKS Pacific had a negative return on equity of 22.00% and a negative net margin of 13.55%. The company’s quarterly revenue was down 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.47) earnings per share. equities research analysts forecast that JAKKS Pacific will post 0.1 EPS for the current year.
Large investors have recently modified their holdings of the company. Stifel Financial Corp grew its position in shares of JAKKS Pacific by 12.7% in the second quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock valued at $129,000 after purchasing an additional 3,604 shares during the last quarter. Spark Investment Management LLC acquired a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $114,000. Wells Fargo & Company MN grew its position in shares of JAKKS Pacific by 20,020.5% in the third quarter. Wells Fargo & Company MN now owns 51,911 shares of the company’s stock valued at $155,000 after purchasing an additional 51,653 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $149,000. Finally, Goldman Sachs Group Inc. grew its position in shares of JAKKS Pacific by 273.2% in the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock valued at $366,000 after purchasing an additional 67,020 shares during the last quarter. 56.72% of the stock is currently owned by institutional investors.
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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