JAKKS Pacific, Inc. (NASDAQ:JAKK) Downgraded to “Strong Sell” at ValuEngine

JAKKS Pacific, Inc. (NASDAQ:JAKK) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Friday, September 1st.

Several other research firms have also issued reports on JAKK. Jefferies Group LLC started coverage on JAKKS Pacific in a report on Thursday, June 8th. They issued a “hold” rating and a $4.50 target price for the company. Zacks Investment Research lowered JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 target price on shares of JAKKS Pacific in a report on Thursday, July 13th. DA Davidson reaffirmed a “neutral” rating and issued a $5.00 target price on shares of JAKKS Pacific in a report on Tuesday, May 23rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $5.50 price objective on shares of JAKKS Pacific in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. JAKKS Pacific presently has an average rating of “Hold” and a consensus price target of $5.46.

JAKKS Pacific (NASDAQ JAKK) traded down 1.61% during mid-day trading on Friday, hitting $3.05. The stock had a trading volume of 304,711 shares. JAKKS Pacific has a 1-year low of $2.95 and a 1-year high of $9.15. The firm’s 50-day moving average price is $3.32 and its 200-day moving average price is $4.30. The stock’s market cap is $69.45 million.

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

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In other news, CEO Stephen G. Berman acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $3.40 per share, for a total transaction of $34,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. KCG Holdings Inc. lifted its position in shares of JAKKS Pacific by 48.9% during the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock worth $118,000 after acquiring an additional 7,023 shares in the last quarter. Stifel Financial Corp lifted 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 acquiring an additional 3,604 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of JAKKS Pacific by 0.5% during the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock worth $135,000 after acquiring an additional 117 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in shares of JAKKS Pacific by 16.5% during the first quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock worth $142,000 after acquiring an additional 3,664 shares in the last quarter. Finally, Hancock Holding Co. lifted its position in shares of JAKKS Pacific by 62.7% during the first quarter. Hancock Holding Co. now owns 31,345 shares of the company’s stock worth $172,000 after acquiring an additional 12,085 shares in the last quarter. Hedge funds and other institutional investors own 56.04% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for JAKKS Pacific (NASDAQ:JAKK)

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