Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.26.

Several equities analysts recently weighed in on JAKK shares. DA Davidson reiterated a “neutral” rating and set a $3.75 target price (down from $5.00) on shares of JAKKS Pacific in a research report on Saturday, July 22nd. BMO Capital Markets set a $4.00 target price on JAKKS Pacific and gave the company a “hold” rating in a research report on Wednesday, July 26th. TheStreet downgraded JAKKS Pacific from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine downgraded JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.

JAKKS Pacific (NASDAQ:JAKK) opened at $2.60 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.76 and a debt-to-equity ratio of 0.89. JAKKS Pacific has a 52-week low of $2.40 and a 52-week high of $7.45.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Thursday, October 26th. The company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.32). The company had revenue of $262.40 million for the quarter, compared to analysts’ expectations of $294.59 million. JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. JAKKS Pacific’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. analysts anticipate that JAKKS Pacific will post -0.04 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in shares of JAKKS Pacific by 20,020.5% in the third 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 in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of JAKKS Pacific by 59.2% in the third quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock valued at $2,703,000 after acquiring an additional 333,070 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of JAKKS Pacific by 273.2% in the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock valued at $366,000 after acquiring an additional 67,020 shares in the last quarter. Stifel Financial Corp lifted its position in shares of JAKKS Pacific by 12.7% in the second 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 in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of JAKKS Pacific by 0.6% in the second quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock worth $875,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

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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.

Analyst Recommendations for JAKKS Pacific (NASDAQ:JAKK)

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