JAKKS Pacific (JAKK) Hits New 52-Week Low Following Weak Earnings

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s share price hit a new 52-week low during mid-day trading on Thursday following a weaker than expected earnings announcement. The company traded as low as $2.18 and last traded at $2.35, with a volume of 197100 shares changing hands. The stock had previously closed at $2.35.

The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.47). The company had revenue of $136.63 million for the quarter, compared to analyst estimates of $155.74 million. JAKKS Pacific had a negative return on equity of 15.58% and a negative net margin of 9.36%. The business’s quarterly revenue was down 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.47) EPS.

A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of JAKKS Pacific from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. Stifel Nicolaus lowered their price target on shares of JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating on the stock in a research report on Monday, October 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $3.50 price target on shares of JAKKS Pacific in a research report on Monday, November 27th. Finally, DA Davidson raised shares of 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. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. JAKKS Pacific presently has a consensus rating of “Hold” and an average target price of $3.51.

Hedge funds have recently added to or reduced their stakes in the business. Walthausen & Co. LLC increased its holdings in JAKKS Pacific by 668.6% in the 3rd quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock valued at $2,323,000 after buying an additional 673,560 shares during the period. Daiwa Securities Group Inc. increased its holdings in JAKKS Pacific by 59.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock valued at $2,703,000 after buying an additional 333,070 shares during the period. Goldman Sachs Group Inc. increased its holdings in JAKKS Pacific by 273.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock valued at $366,000 after buying an additional 67,020 shares during the period. Wells Fargo & Company MN increased its holdings in JAKKS Pacific by 20,020.5% in the 3rd quarter. Wells Fargo & Company MN now owns 51,911 shares of the company’s stock valued at $155,000 after buying an additional 51,653 shares during the period. Finally, California Public Employees Retirement System increased its holdings in JAKKS Pacific by 0.6% in the 2nd quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock valued at $875,000 after buying an additional 1,400 shares during the period. 56.72% of the stock is currently owned by hedge funds and other institutional investors.

The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.54 and a current ratio of 1.96. The company has a market cap of $64.77, a price-to-earnings ratio of -0.78, a P/E/G ratio of 4.65 and a beta of 0.69.

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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.

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