JAKKS Pacific, Inc. (NASDAQ:JAKK) had its price objective reduced by Stifel Nicolaus from $4.50 to $3.30 in a research note released on Monday morning, Marketbeat reports. They currently have a hold rating on the stock.
Other equities research analysts have also issued research reports about the company. DA Davidson restated a neutral rating and issued a $3.75 price objective (down previously from $5.00) on shares of JAKKS Pacific in a research report on Saturday, July 22nd. TheStreet lowered JAKKS Pacific from a c- rating to a d+ rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded JAKKS Pacific from a strong sell rating to a hold rating in a research report on Tuesday, August 8th. BMO Capital Markets restated a hold rating and issued a $6.00 price objective on shares of JAKKS Pacific in a research report on Thursday, July 13th. Finally, ValuEngine lowered JAKKS Pacific from a sell rating to a strong sell rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. JAKKS Pacific currently has an average rating of Hold and an average price target of $3.93.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.32). JAKKS Pacific had a negative return on equity of 15.58% and a negative net margin of 9.36%. The company had revenue of $262.40 million during the quarter, compared to analysts’ expectations of $294.59 million. During the same quarter in the prior year, the company posted $0.82 EPS. The company’s revenue for the quarter was down 13.3% on a year-over-year basis.
In other JAKKS Pacific news, CEO Stephen G. Berman bought 10,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of $3.40 per share, for a total transaction of $34,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 5.20% of the company’s stock.
Several large investors have recently made changes to their positions in JAKK. Municipal Employees Retirement System of Michigan purchased a new position in shares of JAKKS Pacific during the 2nd quarter valued at approximately $318,000. Goldman Sachs Group Inc. lifted its position in shares of JAKKS Pacific by 273.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock valued at $366,000 after buying an additional 67,020 shares in the last quarter. LMR Partners LLP purchased a new position in shares of JAKKS Pacific during the 2nd quarter valued at approximately $194,000. California Public Employees Retirement System lifted its position in shares of JAKKS Pacific by 22.7% during the 1st quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock valued at $1,196,000 after buying an additional 40,300 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of JAKKS Pacific by 0.7% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 55.59% of the company’s stock.
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.
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.