Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) saw an uptick in trading volume on Thursday following a better than expected earnings announcement. 1,048,338 shares were traded during mid-day trading, an increase of 1,290% from the previous session’s volume of 75,422 shares.The stock last traded at $0.88 and had previously closed at $0.83.
The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.48. JAKKS Pacific had a negative net margin of 7.34% and a negative return on equity of 109.42%. The business had revenue of $280.13 million during the quarter, compared to the consensus estimate of $280.50 million.
Separately, Jefferies Financial Group set a $1.00 price target on shares of JAKKS Pacific and gave the stock a “hold” rating in a research note on Friday, August 23rd.
An institutional investor recently raised its position in JAKKS Pacific stock. Bank of America Corp DE raised its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 65.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,592,655 shares of the company’s stock after acquiring an additional 1,021,015 shares during the quarter. Bank of America Corp DE owned approximately 9.71% of JAKKS Pacific worth $1,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 31.44% of the company’s stock.
The firm has a market cap of $27.48 million, a PE ratio of -0.69 and a beta of 1.38. The company’s 50 day moving average price is $0.82 and its two-hundred day moving average price is $0.82. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 116.72.
About JAKKS Pacific (NASDAQ:JAKK)
JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates through three segments: U.S. and Canada, International, and Halloween. It offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products, inflatable environments, tents, and wagons.
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