Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management sold 43,010 shares of Jakks Pacific stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $7.81, for a total transaction of $335,908.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.63 on Monday. Jakks Pacific Inc. has a 12 month low of $6.17 and a 12 month high of $9.75. The stock has a market capitalization of $139.39 million, a P/E ratio of 16.47 and a beta of 0.34. The company’s 50-day moving average is $9.08 and its 200-day moving average is $8.11.
Jakks Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.04. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The firm had revenue of $141 million for the quarter, compared to analyst estimates of $134.80 million. During the same quarter in the prior year, the firm earned ($0.30) EPS. The company’s revenue was up 7.6% on a year-over-year basis. Equities analysts anticipate that Jakks Pacific Inc. will post $0.79 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JAKK. Lazard Asset Management LLC increased its position in Jakks Pacific by 0.6% in the first quarter. Lazard Asset Management LLC now owns 51,534 shares of the company’s stock worth $383,000 after buying an additional 291 shares during the last quarter. Stifel Financial Corp increased its position in Jakks Pacific by 1.6% in the second quarter. Stifel Financial Corp now owns 25,401 shares of the company’s stock worth $201,000 after buying an additional 400 shares during the last quarter. BlackRock Investment Management LLC increased its position in Jakks Pacific by 1.0% in the second quarter. BlackRock Investment Management LLC now owns 72,075 shares of the company’s stock worth $570,000 after buying an additional 719 shares during the last quarter. Eagle Global Advisors LLC increased its position in Jakks Pacific by 7.5% in the second quarter. Eagle Global Advisors LLC now owns 26,740 shares of the company’s stock worth $212,000 after buying an additional 1,870 shares during the last quarter. Finally, Oxford Asset Management increased its position in Jakks Pacific by 0.6% in the second quarter. Oxford Asset Management now owns 361,018 shares of the company’s stock worth $2,856,000 after buying an additional 2,112 shares during the last quarter.
Several research analysts have recently weighed in on JAKK shares. Zacks Investment Research raised shares of Jakks Pacific from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Tuesday, September 20th. B. Riley reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Jakks Pacific in a research report on Tuesday, July 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $11.58.
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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