Q2 2024 EPS Estimates for JAKKS Pacific, Inc. Boosted by Analyst (NASDAQ:JAKK)

JAKKS Pacific, Inc. (NASDAQ:JAKK) – Equities researchers at Zacks Research raised their Q2 2024 earnings per share estimates for shares of JAKKS Pacific in a research report issued on Tuesday, April 16th. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings of $0.72 per share for the quarter, up from their prior estimate of $0.70. The consensus estimate for JAKKS Pacific’s current full-year earnings is $3.73 per share.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.47). JAKKS Pacific had a net margin of 5.24% and a return on equity of 24.69%. The company had revenue of $127.40 million for the quarter, compared to the consensus estimate of $136.54 million.

Several other research analysts also recently weighed in on JAKK. Ascendiant Capital Markets dropped their price target on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, April 1st. TheStreet downgraded JAKKS Pacific from a “b” rating to a “c+” rating in a research note on Friday, March 1st.

JAKKS Pacific Stock Down 1.2 %

JAKK stock traded down $0.27 during midday trading on Wednesday, hitting $22.15. The company’s stock had a trading volume of 83,350 shares, compared to its average volume of 122,837. JAKKS Pacific has a 12 month low of $15.30 and a 12 month high of $36.84. The firm has a market capitalization of $239.22 million, a price-to-earnings ratio of 6.57 and a beta of 2.34. The company has a 50 day moving average of $27.15 and a two-hundred day moving average of $27.75.

Institutional Trading of JAKKS Pacific

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of JAKKS Pacific by 430.4% during the 2nd quarter. BlackRock Inc. now owns 412,546 shares of the company’s stock worth $8,239,000 after acquiring an additional 334,768 shares in the last quarter. Vanguard Group Inc. grew its position in JAKKS Pacific by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 364,649 shares of the company’s stock valued at $12,963,000 after acquiring an additional 4,660 shares during the last quarter. Renaissance Technologies LLC grew its position in JAKKS Pacific by 18.5% in the 1st quarter. Renaissance Technologies LLC now owns 330,818 shares of the company’s stock valued at $5,723,000 after acquiring an additional 51,624 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in JAKKS Pacific by 19.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 296,456 shares of the company’s stock valued at $5,129,000 after acquiring an additional 48,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in JAKKS Pacific by 60.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 232,198 shares of the company’s stock valued at $8,255,000 after acquiring an additional 87,075 shares during the last quarter. 44.38% of the stock is owned by hedge funds and other institutional investors.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company 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.