Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management purchased 5,192 shares of Jakks Pacific stock in a transaction on Monday, May 16th. The shares were acquired at an average cost of $7.25 per share, with a total value of $37,642.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.73 on Friday. The stock’s 50 day moving average is $9.10 and its 200 day moving average is $8.10. 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 $141.01 million, a price-to-earnings ratio of 16.66 and a beta of 0.34.
Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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%. Jakks Pacific’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.30) earnings per share. Equities research analysts forecast that Jakks Pacific Inc. will post $0.79 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in Jakks Pacific by 105.5% in the second quarter. Acrospire Investment Management LLC now owns 16,976 shares of the company’s stock valued at $134,000 after buying an additional 8,714 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Jakks Pacific during the first quarter valued at about $141,000. Highbridge Capital Management LLC acquired a new position in Jakks Pacific during the second quarter valued at about $162,000. Goldman Sachs Group Inc. acquired a new position in Jakks Pacific during the first quarter valued at about $163,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Jakks Pacific during the second quarter worth $200,000.
JAKK has been the subject of a number of recent research reports. Zacks Investment Research raised shares of 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. B. Riley reaffirmed a “neutral” rating and set a $10.00 target price on shares of Jakks Pacific in a report on Tuesday, July 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Jakks Pacific presently has a consensus rating of “Buy” and an average price target of $11.58.
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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