JAKKS Pacific (NASDAQ:JAKK) had its price target cut by investment analysts at BMO Capital Markets from $3.50 to $2.50 in a research note issued to investors on Friday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 11.11% from the stock’s current price.
Several other equities analysts have also issued reports on the stock. DA Davidson raised shares of JAKKS Pacific from an “underperform” rating to a “neutral” rating in a report on Monday, October 30th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus cut their price objective on shares of JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating on the stock in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3.31.
JAKKS Pacific (JAKK) traded down $0.10 during trading on Friday, hitting $2.25. 205,000 shares of the stock traded hands, compared to its average volume of 204,964. 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 $2.10 and a 1 year high of $5.80. The company has a market capitalization of $63.42, a P/E ratio of -0.75, a PEG ratio of 4.55 and a beta of 0.69.
JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.47). JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. The company had revenue of $136.63 million for the quarter, compared to the consensus estimate of $155.74 million. During the same period in the prior year, the firm posted ($0.47) EPS. The business’s revenue was down 18.2% on a year-over-year basis. research analysts expect that JAKKS Pacific will post -1.15 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in JAKKS Pacific by 9.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,069,500 shares of the company’s stock valued at $4,863,000 after buying an additional 182,100 shares during the period. Daiwa Securities Group Inc. grew its holdings in JAKKS Pacific by 59.2% in the third quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock worth $2,703,000 after purchasing an additional 333,070 shares during the last quarter. Walthausen & Co. LLC grew its holdings in JAKKS Pacific by 668.6% in the third quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock worth $2,323,000 after purchasing an additional 673,560 shares during the last quarter. California Public Employees Retirement System grew its holdings in JAKKS Pacific by 0.6% in the second quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock worth $875,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in JAKKS Pacific by 273.2% in the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock worth $366,000 after purchasing an additional 67,020 shares during the last quarter. 56.72% of the stock is currently owned by institutional investors.
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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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