JAKKS Pacific, Inc. (JAKK) Price Target Cut to $3.30
JAKKS Pacific, Inc. (NASDAQ:JAKK) had its price objective cut by Stifel Nicolaus from $4.50 to $3.30 in a research report released on Monday morning, Marketbeat reports. The brokerage currently has a hold rating on the stock.
Several other equities research analysts have also recently commented on JAKK. TheStreet cut shares of JAKKS Pacific from a c- rating to a d+ rating in a research report on Tuesday, July 25th. BMO Capital Markets reiterated a hold rating and set a $3.50 price target on shares of JAKKS Pacific in a research report on Friday, October 6th. Jefferies Group LLC reiterated a hold rating and set a $3.50 price target (down previously from $4.50) on shares of JAKKS Pacific in a research report on Saturday, September 30th. Zacks Investment Research raised shares of JAKKS Pacific from a strong sell rating to a hold rating in a research note on Tuesday, August 8th. Finally, DA Davidson reissued a neutral rating and set a $3.75 price objective (down previously from $5.00) on shares of JAKKS Pacific in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $3.93.
JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, October 26th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.32). The firm had revenue of $262.40 million for the quarter, compared to analyst estimates of $294.59 million. JAKKS Pacific had a negative return on equity of 15.58% and a negative net margin of 9.36%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 EPS.
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In other JAKKS Pacific news, CEO Stephen G. Berman acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $3.40 per share, with a total value of $34,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.20% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of JAKK. Bank of New York Mellon Corp increased its holdings in JAKKS Pacific by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock worth $1,181,000 after buying an additional 3,068 shares during the last quarter. Stifel Financial Corp increased its holdings in JAKKS Pacific by 2.9% during the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock worth $155,000 after buying an additional 800 shares during the last quarter. California Public Employees Retirement System increased its holdings in JAKKS Pacific by 22.7% during the first quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock worth $1,196,000 after buying an additional 40,300 shares during the last quarter. Renaissance Technologies LLC increased its holdings in JAKKS Pacific by 0.7% during the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock worth $8,887,000 after buying an additional 11,600 shares during the last quarter. Finally, KCG Holdings Inc. increased its holdings in JAKKS Pacific by 48.9% during the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock worth $118,000 after buying an additional 7,023 shares during the last quarter. Institutional investors and hedge funds own 55.59% 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.
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