Vanguard Group Inc. reduced its position in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 20.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 820,471 shares of the company’s stock after selling 214,366 shares during the period. Vanguard Group Inc. owned 3.80% of JAKKS Pacific worth $3,282,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of JAKK. California Public Employees Retirement System raised its position 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 valued at $1,196,000 after purchasing an additional 40,300 shares during the period. KCG Holdings Inc. raised its position in JAKKS Pacific by 48.9% during the first quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock valued at $118,000 after purchasing an additional 7,023 shares during the period. Goldman Sachs Group Inc. raised its position in JAKKS Pacific by 0.5% during the first quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock valued at $135,000 after purchasing an additional 117 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in JAKKS Pacific during the second quarter valued at approximately $318,000. Finally, LMR Partners LLP purchased a new stake in JAKKS Pacific during the second quarter valued at approximately $194,000. Institutional investors own 56.84% of the company’s stock.
A number of equities research analysts have issued reports on the company. ValuEngine downgraded JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. DA Davidson downgraded JAKKS Pacific from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $3.75 to $2.25 in a research report on Thursday, September 21st. BMO Capital Markets restated a “hold” rating and set a $3.50 price objective on shares of JAKKS Pacific in a research report on Friday, October 6th. Finally, Jefferies Group restated a “hold” rating and set a $3.50 price objective (down from $4.50) on shares of JAKKS Pacific in a research report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $3.93.
JAKKS Pacific, Inc. (JAKK) opened at $2.55 on Tuesday. JAKKS Pacific, Inc. has a 52 week low of $2.40 and a 52 week high of $7.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.54 and a current ratio of 1.96.
JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Thursday, October 26th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.32). The business had revenue of $262.40 million for the quarter, compared to the consensus estimate of $294.59 million. JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. equities analysts predict that JAKKS Pacific, Inc. will post -0.04 earnings per share for the current year.
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JAKKS Pacific 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.
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