JAKKS Pacific, Inc. (JAKK) Sets New 1-Year Low at $2.88

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) hit a new 52-week low during trading on Monday . The stock traded as low as $2.88 and last traded at $2.88, with a volume of 150,626 shares changing hands. The stock had previously closed at $3.05.

Several analysts have commented on JAKK shares. BMO Capital Markets set a $4.00 price objective on JAKKS Pacific and gave the company a “hold” rating in a report on Wednesday, July 26th. ValuEngine lowered JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research lowered JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. DA Davidson reaffirmed a “neutral” rating and issued a $5.00 price target on shares of JAKKS Pacific in a research note on Tuesday, May 23rd. Finally, Jefferies Group LLC began coverage on JAKKS Pacific in a research note on Thursday, June 8th. They issued a “hold” rating and a $4.50 price target on the stock. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. JAKKS Pacific currently has an average rating of “Hold” and an average target price of $5.46.

The stock’s 50 day moving average is $3.30 and its 200-day moving average is $4.25. The stock’s market cap is $64.33 million.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.45). The firm had revenue of $119.57 million during the quarter, compared to analysts’ expectations of $134.02 million. JAKKS Pacific had a negative return on equity of 49.69% and a negative net margin of 13.96%. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same period last year, the business posted ($0.27) earnings per share. Analysts forecast that JAKKS Pacific, Inc. will post $0.15 earnings per share for the current fiscal year.

In other news, CEO Stephen G. Berman bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $3.40 per share, with a total value of $34,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of JAKK. Bank of New York Mellon Corp raised its position in shares of JAKKS Pacific by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock worth $1,181,000 after buying an additional 3,068 shares during the period. Alambic Investment Management L.P. raised its position in shares of JAKKS Pacific by 151.4% in the 1st quarter. Alambic Investment Management L.P. now owns 91,268 shares of the company’s stock worth $502,000 after buying an additional 54,968 shares during the period. Hancock Holding Co. raised its position in shares of JAKKS Pacific by 62.7% in the 1st quarter. Hancock Holding Co. now owns 31,345 shares of the company’s stock worth $172,000 after buying an additional 12,085 shares during the period. JPMorgan Chase & Co. raised its position in shares of JAKKS Pacific by 38.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock worth $8,820,000 after buying an additional 448,687 shares during the period. Finally, KBC Group NV raised its position in shares of JAKKS Pacific by 92.1% in the 1st quarter. KBC Group NV now owns 59,895 shares of the company’s stock worth $329,000 after buying an additional 28,719 shares during the period. 56.04% of the stock is currently 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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