State Board of Administration of Florida Retirement System held its stake in shares of Jakks Pacific Inc. (NASDAQ:JAKK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,571 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned 0.21% of Jakks Pacific worth $273,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in JAKK. OMERS ADMINISTRATION Corp bought a new stake in shares of Jakks Pacific during the first quarter worth $141,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Jakks Pacific during the second quarter worth $200,000. Lazard Asset Management LLC boosted its stake in shares of 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 in the last quarter. Spark Investment Management LLC bought a new stake in shares of Jakks Pacific during the first quarter worth $461,000. Finally, Bank of Montreal Can bought a new stake in shares of Jakks Pacific during the second quarter worth $749,000.
Jakks Pacific Inc. (NASDAQ:JAKK) traded up 3.09% during trading on Friday, reaching $8.35. The company’s stock had a trading volume of 136,192 shares. The stock has a market cap of $134.87 million, a P/E ratio of 15.94 and a beta of 0.55. The firm’s 50-day moving average is $8.71 and its 200-day moving average is $8.22. Jakks Pacific Inc. has a 52-week low of $6.17 and a 52-week high of $9.75.
Jakks Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.04. The firm earned $141 million during the quarter, compared to analysts’ expectations of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.30) EPS. Equities research analysts forecast that Jakks Pacific Inc. will post $0.78 EPS for the current year.
A number of analysts have weighed in on JAKK shares. Zacks Investment Research raised Jakks Pacific from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research report on Tuesday, September 20th. B. Riley reissued a “neutral” rating and set a $10.00 price objective on shares of Jakks Pacific in a research report on Saturday, October 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.58.
In other news, major shareholder Patrick Soon-Shiong sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $8.80, for a total value of $264,000.00. Following the completion of the transaction, the insider now owns 239,622 shares in the company, valued at approximately $2,108,673.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.10% of the stock is owned by insiders.
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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