Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management bought 5,192 shares of the stock in a transaction dated Monday, May 16th. The shares were purchased at an average price of $7.25 per share, with a total value of $37,642.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of 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 company has a market capitalization of $139.39 million, a P/E ratio of 16.47 and a beta of 0.34. The company has a 50-day moving average price of $9.08 and a 200-day moving average price of $8.11.
Jakks Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.04. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The company earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. During the same period in the previous year, the company posted ($0.30) earnings per share. Jakks Pacific’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts forecast that Jakks Pacific Inc. will post $0.79 EPS for the current fiscal year.
A number of research firms have recently commented on JAKK. B. Riley reiterated a “neutral” rating and set a $10.00 target price on shares of Jakks Pacific in a research report on Tuesday, July 26th. Zacks Investment Research upgraded Jakks Pacific from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $11.58.
A number of hedge funds and other institutional investors have recently made changes to their positions in JAKK. Acrospire Investment Management LLC increased its position in shares of Jakks Pacific by 105.5% in the second quarter. Acrospire Investment Management LLC now owns 16,976 shares of the company’s stock worth $134,000 after buying an additional 8,714 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Jakks Pacific during the first quarter valued at approximately $141,000. Highbridge Capital Management LLC purchased a new stake in shares of Jakks Pacific during the second quarter valued at approximately $162,000. Goldman Sachs Group Inc. purchased a new stake in shares of Jakks Pacific during the first quarter valued at approximately $163,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Jakks Pacific during the second quarter valued at about $200,000.
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.
Receive News & Ratings for Jakks Pacific Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jakks Pacific Inc. and related companies with MarketBeat.com's FREE daily email newsletter.