JAKKS Pacific, Inc. (NASDAQ:JAKK)‘s stock had its “hold” rating reiterated by equities researchers at BMO Capital Markets in a note issued to investors on Thursday. They currently have a $6.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 57.89% from the stock’s previous close.
Other analysts have also issued reports about the stock. Stifel Nicolaus increased their price target on shares of JAKKS Pacific from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC assumed coverage on shares of JAKKS Pacific in a research report on Thursday, June 8th. They issued a “hold” rating and a $4.50 price target on the stock. DA Davidson reiterated a “neutral” rating and issued a $5.00 price target on shares of JAKKS Pacific in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $5.93.
JAKKS Pacific (NASDAQ:JAKK) opened at 3.80 on Thursday. The firm has a 50-day moving average of $4.22 and a 200-day moving average of $5.03. JAKKS Pacific has a 1-year low of $3.72 and a 1-year high of $9.75. The stock has a market capitalization of $72.19 million, a price-to-earnings ratio of 237.50 and a beta of 0.81.
JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Tuesday, April 25th. The company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.97) by $0.04. JAKKS Pacific had a return on equity of 0.26% and a net margin of 0.05%. The company had revenue of $94.50 million for the quarter, compared to analyst estimates of $87.68 million. During the same quarter in the previous year, the company posted ($1.01) earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that JAKKS Pacific will post $0.34 EPS for the current year.
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Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in shares of 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 last quarter. Tudor Investment Corp ET AL increased its position in shares of 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 last quarter. Whitebox Advisors LLC purchased a new position in shares of JAKKS Pacific during the first quarter valued at about $279,000. KCG Holdings Inc. increased its position in shares of 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 last quarter. Finally, Renaissance Technologies LLC increased its position in shares of JAKKS Pacific by 0.7% in the first 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 during the last quarter. 66.98% of the stock is currently owned by institutional investors and hedge funds.
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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