Jakks Pacific Inc. (NASDAQ:JAKK) – Research analysts at B. Riley lifted their Q4 2016 earnings estimates for shares of Jakks Pacific in a research report issued on Monday. B. Riley analyst L. Weiser now anticipates that the firm will earn $0.31 per share for the quarter, up from their previous estimate of ($0.23). B. Riley has a “Neutral” rating and a $10.00 price objective on the stock.
Jakks Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.04. The business earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.30) earnings per share.
Separately, Zacks Investment Research raised Jakks Pacific from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective for the company in a report on Friday, July 22nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $11.58.
Shares of Jakks Pacific (NASDAQ:JAKK) opened at 8.10 on Wednesday. The stock has a market cap of $130.83 million, a P/E ratio of 15.46 and a beta of 0.55. Jakks Pacific has a 12 month low of $6.17 and a 12 month high of $9.75. The stock has a 50 day moving average price of $8.86 and a 200-day moving average price of $8.18.
In other Jakks Pacific news, major shareholder Patrick Soon-Shiong sold 21,809 shares of the stock in a transaction on Monday, July 11th. The stock was sold at an average price of $8.43, for a total transaction of $183,849.87. Following the completion of the transaction, the insider now directly owns 239,622 shares of the company’s stock, valued at approximately $2,020,013.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of JAKK. Acrospire Investment Management LLC increased its stake 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 period. OMERS ADMINISTRATION Corp bought a new stake in shares of Jakks Pacific during the first quarter worth approximately $141,000. Highbridge Capital Management LLC bought a new stake in shares of Jakks Pacific during the second quarter worth approximately $162,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Jakks Pacific during the second quarter worth approximately $200,000. Finally, Stifel Financial Corp increased its stake in shares of 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 period.
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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