Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.26.
A number of brokerages have recently issued reports on JAKK. BMO Capital Markets reaffirmed a “hold” rating and issued a $3.50 target price on shares of JAKKS Pacific in a report on Friday, October 6th. DA Davidson raised shares of JAKKS Pacific from an “underperform” rating to a “neutral” rating in a report on Monday, October 30th. They noted that the move was a valuation call. TheStreet cut shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus dropped their target price on shares of JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating on the stock in a report on Monday, October 30th.
WARNING: “Brokerages Set JAKKS Pacific, Inc. (JAKK) PT at $4.26” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://ledgergazette.com/2017/11/15/brokerages-set-jakks-pacific-inc-jakk-pt-at-4-26.html.
A number of institutional investors have recently added to or reduced their stakes in JAKK. KCG Holdings Inc. raised its holdings in JAKKS Pacific by 48.9% in the 1st quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock valued at $118,000 after acquiring an additional 7,023 shares during the period. Stifel Financial Corp raised its holdings in JAKKS Pacific by 12.7% in the 2nd quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock valued at $129,000 after acquiring an additional 3,604 shares during the period. Goldman Sachs Group Inc. raised its holdings in JAKKS Pacific by 0.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock valued at $135,000 after acquiring an additional 117 shares during the period. Tudor Investment Corp ET AL raised its holdings in JAKKS Pacific by 16.5% in the 1st quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock valued at $142,000 after acquiring an additional 3,664 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in JAKKS Pacific by 20,020.5% in the 3rd quarter. Wells Fargo & Company MN now owns 51,911 shares of the company’s stock valued at $155,000 after acquiring an additional 51,653 shares during the period. 56.62% of the stock is currently owned by hedge funds and other institutional investors.
JAKKS Pacific (NASDAQ JAKK) traded up $0.05 during trading on Friday, hitting $2.65. 214,700 shares of the stock were exchanged, compared to its average volume of 278,815. JAKKS Pacific has a one year low of $2.40 and a one year high of $7.45. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.96 and a quick ratio of 1.38.
JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Thursday, October 26th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.32). The firm had revenue of $262.40 million during the quarter, compared to the consensus estimate of $294.59 million. JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. sell-side analysts expect that JAKKS Pacific will post -0.04 earnings per share for the current fiscal year.
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.
Receive News & Ratings for JAKKS Pacific Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JAKKS Pacific Inc. and related companies with MarketBeat.com's FREE daily email newsletter.