JAKKS Pacific (NASDAQ:JAKK) Issues Quarterly Earnings Results, Beats Expectations By $1.36 EPS

JAKKS Pacific (NASDAQ:JAKK) announced its earnings results on Wednesday. The company reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.36, reports. JAKKS Pacific had a return on equity of 16.44% and a net margin of 4.87%. The firm had revenue of $321.61 million during the quarter, compared to analysts’ expectations of $303.44 million.

JAKKS Pacific Stock Performance

NASDAQ JAKK opened at $29.93 on Friday. The stock has a market cap of $328.93 million, a PE ratio of 11.00 and a beta of 2.34. The firm has a 50-day simple moving average of $25.35 and a 200 day simple moving average of $21.58. JAKKS Pacific has a twelve month low of $17.06 and a twelve month high of $36.84.

Hedge Funds Weigh In On JAKKS Pacific

Large investors have recently bought and sold shares of the stock. nVerses Capital LLC bought a new position in shares of JAKKS Pacific in the second quarter worth approximately $25,000. Meeder Asset Management Inc. increased its position in shares of JAKKS Pacific by 1,617.0% in the second quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after acquiring an additional 3,331 shares during the period. Lazard Asset Management LLC increased its position in shares of JAKKS Pacific by 13.0% in the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after acquiring an additional 1,020 shares during the period. Rhumbline Advisers raised its stake in shares of JAKKS Pacific by 15.4% during the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after acquiring an additional 1,636 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of JAKKS Pacific by 50.9% during the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after purchasing an additional 4,500 shares during the period. 44.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JAKK has been the subject of a number of analyst reports. B. Riley boosted their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday. Small Cap Consu raised shares of JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Maxim Group assumed coverage on JAKKS Pacific in a research report on Monday, August 26th. They set a “buy” rating and a $46.00 price objective for the company. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $41.67.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company 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 products; private label products; and foot-to-floor ride-on products.