Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management sold 400,100 shares of the company’s stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of $7.59, for a total value of $3,036,759.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock 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’s 50 day moving average price is $9.08 and its 200-day moving average price is $8.11. The stock has a market cap of $139.39 million, a price-to-earnings ratio of 16.47 and a beta of 0.34.
Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.04. The company had revenue of $141 million for the quarter, compared to analyst estimates of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) earnings per share. Equities research analysts predict that Jakks Pacific Inc. will post $0.79 EPS for the current year.
Several equities research analysts have commented on the company. B. Riley restated a “neutral” rating and issued a $10.00 price objective on shares of Jakks Pacific in a research report on Thursday, July 21st. Zacks Investment Research lowered Jakks Pacific from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $11.58.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in Jakks Pacific by 10.5% in the second quarter. Franklin Resources Inc. now owns 2,525,010 shares of the company’s stock valued at $19,972,000 after buying an additional 240,470 shares during the period. Acadian Asset Management LLC raised its position in Jakks Pacific by 18.2% in the first quarter. Acadian Asset Management LLC now owns 830,449 shares of the company’s stock valued at $6,178,000 after buying an additional 127,907 shares during the period. FMR LLC raised its position in Jakks Pacific by 1.0% in the second quarter. FMR LLC now owns 794,898 shares of the company’s stock valued at $6,288,000 after buying an additional 7,800 shares during the period. Walthausen & Co. LLC purchased a new position in Jakks Pacific during the second quarter valued at approximately $3,922,000. Finally, Rothschild Asset Management Inc. raised its position in Jakks Pacific by 4.9% in the second quarter. Rothschild Asset Management Inc. now owns 474,775 shares of the company’s stock valued at $3,755,000 after buying an additional 22,244 shares during the period.
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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