JAKKS Pacific (JAKK) Upgraded to “Hold” at Zacks Investment Research

JAKKS Pacific (NASDAQ:JAKK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.

According to Zacks, “JAKKS Pacific’s adjusted loss of 61 cents per share was wider than the Zacks Consensus Estimate of a loss of 11 cents and the year-ago quarter’s loss of 47 cents. Net sales in the fourth quarter totaled $136.6 million, lagging the consensus mark by 12.4% and falling 18.2% year over year. The challenging industry scenario for traditional toymakers has affected JAKKS Pacific’s fourth-quarter results. Tighter retail inventory management and the recent Toys ‘R’ Us bankruptcy filing added to the woes. Notably, the company’s earnings have been under pressure, incurring losses in nine of the 12 trailing quarters. Rising costs, adverse forex translations, age compression and the shift to alternative modes of entertainment remain threats to the top line. Consequently, shares of the company have underperformed its industry in the past year.”

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Separately, BMO Capital Markets restated a “hold” rating and issued a $3.50 price objective on shares of JAKKS Pacific in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. JAKKS Pacific currently has a consensus rating of “Hold” and a consensus target price of $2.89.

JAKKS Pacific (NASDAQ JAKK) opened at $2.40 on Monday. JAKKS Pacific has a twelve month low of $2.10 and a twelve month high of $5.80. The stock has a market capitalization of $63.42, a P/E ratio of -0.62, a price-to-earnings-growth ratio of 3.28 and a beta of 0.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.08 and a quick ratio of 1.65.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.50). JAKKS Pacific had a negative net margin of 13.55% and a negative return on equity of 22.00%. The company had revenue of $136.63 million during the quarter, compared to analyst estimates of $155.74 million. During the same period in the previous year, the firm posted ($0.47) earnings per share. The company’s revenue was down 18.2% compared to the same quarter last year. equities research analysts predict that JAKKS Pacific will post 0.14 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of JAKK. Walthausen & Co. LLC increased its position in shares of JAKKS Pacific by 668.6% in the third quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock valued at $2,323,000 after buying an additional 673,560 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of JAKKS Pacific by 9.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,069,500 shares of the company’s stock valued at $4,863,000 after buying an additional 182,100 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of JAKKS Pacific by 273.2% in the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock valued at $366,000 after buying an additional 67,020 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at approximately $149,000. Finally, Wells Fargo & Company MN increased its position in shares of JAKKS Pacific by 20,020.5% in the third quarter. Wells Fargo & Company MN now owns 51,911 shares of the company’s stock valued at $155,000 after buying an additional 51,653 shares in the last quarter. Institutional investors and hedge funds own 48.11% of the company’s stock.

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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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