JAKKS Pacific, Inc. Shares (NASDAQ: JAKK – Get a rating) broke above its 200-day moving average during Monday’s session. The stock has a 200-day moving average of $12.31 and is trading as low as $12.46. JAKKS Pacific shares last traded at $11.53, with a volume of 67,508 shares traded in hands.
Several equity analysts have recently published reports on the stock. TheStreet downgraded JAKKS Pacific shares from a “d+” rating to a “c-” rating in a Friday, February 25 research note. StockNews.com upgraded JAKKS Pacific shares from a “hold” rating to a “buy” rating in a Thursday, May 12 research note. Finally, BMO Capital Markets downgraded JAKKS Pacific shares from a “market performance” rating to an “outperform” rating and raised its price target for the company from $15.00 to $21.00. in a research note from Tuesday, May 3.
The company has a debt ratio of 1.75, a current ratio of 1.80 and a quick ratio of 1.17. The company’s 50-day moving average price is $13.49 and its two-hundred-day moving average price is $12.31. The company has a market capitalization of $110.34 million, a price-earnings ratio of 16.71 and a beta of 2.16.
JAKKS Pacific (NASDAQ: JAKK – Get a rating) last released its quarterly earnings data on Thursday, April 28. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($1.03) by $0.66. The company posted revenue of $120.88 million in the quarter, compared to $90.60 million expected by analysts. JAKKS Pacific achieved a net margin of 2.01% and a return on equity of 68.07%. In the same period a year earlier, the company posted ($1.77) earnings per share. On average, equity research analysts expect JAKKS Pacific, Inc. to post EPS of 2.58 for the current fiscal year.
In other JAKKS Pacific news, major shareholder Lawrence I. Rosen acquired 20,000 shares of the company in a transaction on Thursday, June 2. The shares were purchased at an average cost of $13.00 per share, with a total value of $260,000.00. Following the completion of the purchase, the insider now owns 1,893,049 shares of the company, valued at $24,609,637. The acquisition was disclosed in a filing with the SEC, accessible via this hyperlink. Additionally, top shareholder Lawrence I. Rosen acquired 40,417 shares of the company in a transaction on Monday, April 11. The shares were acquired at an average cost of $13.52 per share, for a total transaction of $546,437.84. Following the completion of the purchase, the insider now directly owns 1,873,049 shares of the company, valued at approximately $25,323,622.48. Disclosure of this purchase can be found here. Insiders of the company own 2.40% of the shares of the company.
Several institutional investors have recently increased or reduced their stake in the company. Goldman Sachs Group Inc. bought a new position in JAKKS Pacific shares in the first quarter worth $208,000. Oasis Management Co Ltd. bought a new position in JAKKS Pacific shares during the first quarter valued at approximately $1,488,000. State Street Corp increased its position in JAKKS Pacific shares by 8.0% during the first quarter. State Street Corp now owns 26,109 shares of the company valued at $366,000 after purchasing an additional 1,923 shares in the last quarter. Engineers Gate Manager LP increased its position in JAKKS Pacific shares by 45.2% during the first quarter. Engineers Gate Manager LP now owns 47,011 shares of the company valued at $660,000 after purchasing an additional 14,625 shares last quarter. Finally, Vanguard Group Inc. increased its position in JAKKS Pacific shares by 10.8% during the first quarter. Vanguard Group Inc. now owns 253,924 shares of the company valued at $3,563,000 after purchasing an additional 24,695 shares last quarter. 57.15% of the shares are currently held by hedge funds and other institutional investors.
JAKKS Pacific Company Profile (NASDAQ: JAKK)
JAKKS Pacific, Inc develops, produces, markets, sells and distributes toys, consumables, electronics and related products worldwide. It operates in two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed figures; toy vehicles and accessories; dolls and accessories, including small, large, fashion dolls and license-based dolls, as well as infant and preschool products; private label products; and freestanding products, inflatable environments, tents and carts.
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