Wall Street brokerages predict that JAKKS Pacific, Inc. (NASDAQ:JAKK) will report sales of $155.90 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for JAKKS Pacific’s earnings, with the lowest sales estimate coming in at $150.30 million and the highest estimate coming in at $158.71 million. JAKKS Pacific reported sales of $167.03 million in the same quarter last year, which indicates a negative year over year growth rate of 6.7%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 22nd.
On average, analysts expect that JAKKS Pacific will report full-year sales of $155.90 million for the current fiscal year, with estimates ranging from $626.80 million to $635.19 million. For the next financial year, analysts expect that the business will report sales of $631.23 million per share, with estimates ranging from $614.30 million to $648.09 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover JAKKS Pacific.
A number of brokerages have weighed in on JAKK. Zacks Investment Research lowered JAKKS Pacific from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $3.50 target price on shares of JAKKS Pacific in a research report on Monday, November 27th. DA Davidson raised JAKKS Pacific from an “underperform” rating to a “neutral” rating in a research report on Monday, October 30th. They noted that the move was a valuation call. Finally, Stifel Nicolaus decreased their target price on JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating for the company in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. JAKKS Pacific has a consensus rating of “Hold” and a consensus price target of $3.51.
Shares of JAKKS Pacific (JAKK) opened at $2.35 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.96 and a debt-to-equity ratio of 1.07. JAKKS Pacific has a 1 year low of $2.20 and a 1 year high of $5.85.
Hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp raised its position in JAKKS Pacific by 12.7% during the 2nd quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock valued at $129,000 after purchasing an additional 3,604 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of JAKKS Pacific by 20,020.5% in the 3rd quarter. Wells Fargo & Company MN now owns 51,911 shares of the company’s stock worth $155,000 after acquiring an additional 51,653 shares in the last quarter. Virtu Financial LLC bought a new position in shares of JAKKS Pacific in the 4th quarter worth $149,000. Goldman Sachs Group Inc. raised its position in shares of JAKKS Pacific by 273.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock worth $366,000 after acquiring an additional 67,020 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of JAKKS Pacific by 0.6% in the 2nd quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock worth $875,000 after acquiring an additional 1,400 shares in the last quarter. 56.20% of the stock is owned by institutional investors and hedge funds.
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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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