JAKKS Pacific, Inc. (NASDAQ:JAKK) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets reissued their hold rating on shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) in a report published on Friday, October 6th. The brokerage currently has a $3.50 price objective on the stock.

A number of other equities research analysts have also commented on JAKK. Jefferies Group LLC restated a hold rating and set a $3.50 price target (down from $4.50) on shares of JAKKS Pacific in a research report on Saturday, September 30th. ValuEngine downgraded JAKKS Pacific from a sell rating to a strong sell rating in a report on Friday, September 1st. Zacks Investment Research cut JAKKS Pacific from a hold rating to a strong sell rating in a report on Thursday, July 27th. Stifel Nicolaus restated a hold rating and set a $5.50 price objective on shares of JAKKS Pacific in a research report on Monday, July 10th. Finally, DA Davidson downgraded shares of JAKKS Pacific from a neutral rating to an underperform rating and dropped their price target for the company from $3.75 to $2.25 in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock has a consensus rating of Hold and an average price target of $4.29.

JAKKS Pacific (NASDAQ JAKK) opened at 3.40 on Friday. The company has a 50 day moving average of $3.12 and a 200 day moving average of $3.91. The stock’s market capitalization is $77.42 million. JAKKS Pacific has a 12 month low of $2.67 and a 12 month high of $7.45.

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 the consensus estimate 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 firm had revenue of $119.57 million for the quarter, compared to the consensus estimate of $134.02 million. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. The company’s revenue was down 15.2% on a year-over-year basis. On average, equities analysts predict that JAKKS Pacific will post $0.09 EPS for the current year.

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In related news, CEO Stephen G. Berman bought 10,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $3.40 per share, with a total value of $34,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in JAKK. KCG Holdings Inc. lifted its holdings in JAKKS Pacific by 48.9% in the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock valued at $118,000 after buying an additional 7,023 shares during the period. Stifel Financial Corp lifted its holdings in 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 buying an additional 3,604 shares during the period. Goldman Sachs Group Inc. lifted its holdings in JAKKS Pacific by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock valued at $135,000 after buying an additional 117 shares during the period. Tudor Investment Corp ET AL lifted its holdings in JAKKS Pacific by 16.5% in the first quarter. Tudor I

A number of other equities research analysts have also commented on JAKK. Jefferies Group LLC restated a hold rating and set a $3.50 price target (down from $4.50) on shares of JAKKS Pacific in a research report on Saturday, September 30th. ValuEngine downgraded JAKKS Pacific from a sell rating to a strong sell rating in a report on Friday, September 1st. Zacks Investment Research cut JAKKS Pacific from a hold rating to a strong sell rating in a report on Thursday, July 27th. Stifel Nicolaus restated a hold rating and set a $5.50 price objective on shares of JAKKS Pacific in a research report on Monday, July 10th. Finally, DA Davidson downgraded shares of JAKKS Pacific from a neutral rating to an underperform rating and dropped their price target for the company from $3.75 to $2.25 in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock has a consensus rating of Hold and an average price target of $4.29.

JAKKS Pacific (NASDAQ JAKK) opened at 3.40 on Friday. The company has a 50 day moving average of $3.12 and a 200 day moving average of $3.91. The stock’s market capitalization is $77.42 million. JAKKS Pacific has a 12 month low of $2.67 and a 12 month high of $7.45.

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 the consensus estimate 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 firm had revenue of $119.57 million for the quarter, compared to the consensus estimate of $134.02 million. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. The company’s revenue was down 15.2% on a year-over-year basis. On average, equities analysts predict that JAKKS Pacific will post $0.09 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/19/jakks-pacifics-jakk-hold-rating-reaffirmed-at-bmo-capital-markets.html.

In related news, CEO Stephen G. Berman bought 10,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $3.40 per share, with a total value of $34,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in JAKK. KCG Holdings Inc. lifted its holdings in JAKKS Pacific by 48.9% in the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock valued at $118,000 after buying an additional 7,023 shares during the period. Stifel Financial Corp lifted its holdings in 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 buying an additional 3,604 shares during the period. Goldman Sachs Group Inc. lifted its holdings in JAKKS Pacific by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock valued at $135,000 after buying an additional 117 shares during the period. Tudor Investment Corp ET AL lifted its holdings in JAKKS Pacific by 16.5% in the first quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock valued at $142,000 after buying an additional 3,664 shares during the period. Finally, LMR Partners LLP acquired a new position in JAKKS Pacific in the second quarter valued at $194,000. Institutional investors and hedge funds 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.

Analyst Recommendations for JAKKS Pacific (NASDAQ:JAKK)

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