JAKKS Pacific (NASDAQ:JAKK) Announces Earnings Results

JAKKS Pacific (NASDAQ:JAKK) released its earnings results on Thursday. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.58) by $0.16, Zacks reports. JAKKS Pacific had a net margin of 1.06% and a return on equity of 1.87%.

JAKKS Pacific Price Performance

JAKK stock traded up $0.43 during midday trading on Thursday, reaching $18.16. 192,525 shares of the stock were exchanged, compared to its average volume of 104,210. The stock has a market capitalization of $204.66 million, a PE ratio of 37.06 and a beta of 1.61. JAKKS Pacific has a 52 week low of $14.86 and a 52 week high of $35.79. The company has a fifty day moving average price of $17.83 and a 200 day moving average price of $17.68.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Zacks Research lowered JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JAKK. Wells Fargo & Company MN grew its stake in shares of JAKKS Pacific by 59.9% in the fourth quarter. Wells Fargo & Company MN now owns 13,011 shares of the company’s stock worth $220,000 after purchasing an additional 4,876 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in JAKKS Pacific during the 4th quarter worth $259,000. Metis Global Partners LLC acquired a new position in JAKKS Pacific during the 4th quarter worth about $218,000. PharVision Advisers LLC bought a new stake in shares of JAKKS Pacific in the 3rd quarter valued at about $279,000. Finally, Sei Investments Co. bought a new stake in shares of JAKKS Pacific in the 3rd quarter valued at about $250,000. Institutional investors own 44.38% of the company’s stock.

About JAKKS Pacific

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.