Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $2.83.
Several research analysts have commented on JAKK shares. Zacks Investment Research lowered shares of JAKKS Pacific from a “buy” rating to a “sell” rating in a report on Tuesday, July 31st. ValuEngine upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd.
A hedge fund recently bought a new stake in JAKKS Pacific stock. Axar Capital Management L.P. acquired a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 141,194 shares of the company’s stock, valued at approximately $462,000. JAKKS Pacific makes up 0.1% of Axar Capital Management L.P.’s investment portfolio, making the stock its 5th biggest position. Axar Capital Management L.P. owned about 0.48% of JAKKS Pacific at the end of the most recent quarter. 39.77% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:JAKK opened at $2.45 on Friday. JAKKS Pacific has a 52 week low of $1.95 and a 52 week high of $3.55. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.51 and a quick ratio of 1.14. The firm has a market cap of $72.93 million, a P/E ratio of -2.40 and a beta of 1.16.
JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Thursday, July 26th. The company reported ($0.72) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.22). JAKKS Pacific had a negative net margin of 17.20% and a negative return on equity of 39.06%. The firm had revenue of $105.78 million for the quarter, compared to the consensus estimate of $115.40 million. equities research analysts expect that JAKKS Pacific will post -0.88 EPS for the current fiscal year.
About JAKKS Pacific
JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates in three segments: U.S. and Canada, International, and Halloween. It offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school toys; private label products; and foot-to-floor ride-on toys, inflatable environments, tents, and wagons.
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