Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management sold 50,961 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $7.27, for a total value of $370,486.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.73 on Friday. The stock has a 50 day moving average price of $9.10 and a 200 day moving average price of $8.10. Jakks Pacific Inc. has a 1-year low of $6.17 and a 1-year high of $9.75. The company 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 issued its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.04. The business 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 for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.30) EPS. On average, equities analysts anticipate that Jakks Pacific Inc. will post $0.79 EPS for the current fiscal year.
Several research firms have weighed in on JAKK. B. Riley restated a “neutral” rating and set a $10.00 price target on shares of Jakks Pacific in a report on Thursday, July 21st. Zacks Investment Research cut Jakks Pacific from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Jakks Pacific presently has an average rating of “Buy” and a consensus target price of $11.58.
A number of institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its position in 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 during the last quarter. Stifel Financial Corp boosted its position in 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 last quarter. BlackRock Investment Management LLC boosted its position in Jakks Pacific by 1.0% in the second quarter. BlackRock Investment Management LLC now owns 72,075 shares of the company’s stock worth $570,000 after buying an additional 719 shares during the last quarter. Eagle Global Advisors LLC boosted its position in Jakks Pacific by 7.5% in the second quarter. Eagle Global Advisors LLC now owns 26,740 shares of the company’s stock worth $212,000 after buying an additional 1,870 shares during the last quarter. Finally, Oxford Asset Management boosted its position in Jakks Pacific by 0.6% in the second quarter. Oxford Asset Management now owns 361,018 shares of the company’s stock worth $2,856,000 after buying an additional 2,112 shares during the last quarter.
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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