JAKKS Pacific (NASDAQ:JAKK) Posts Earnings Results, Misses Estimates By $0.91 EPS

JAKKS Pacific (NASDAQ:JAKK) released its quarterly earnings results on Wednesday. The company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.91), reports. JAKKS Pacific had a net margin of 4.29% and a return on equity of 19.07%. The business had revenue of $90.08 million during the quarter, compared to the consensus estimate of $104.12 million.

JAKKS Pacific Stock Performance

Shares of JAKK opened at $19.73 on Friday. The stock has a 50 day simple moving average of $25.56 and a 200 day simple moving average of $27.82. JAKKS Pacific has a 52-week low of $15.30 and a 52-week high of $36.84. The firm has a market capitalization of $213.08 million, a PE ratio of 7.25 and a beta of 2.34.

Wall Street Analysts Forecast Growth

JAKK has been the subject of several recent research reports. Ascendiant Capital Markets dropped their price objective on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a report on Monday, April 1st. TheStreet lowered JAKKS Pacific from a “b” rating to a “c+” rating in a research report on Friday, March 1st.

Hedge Funds Weigh In On JAKKS Pacific

Several institutional investors and hedge funds have recently modified their holdings of JAKK. Allspring Global Investments Holdings LLC bought a new stake in JAKKS Pacific in the 3rd quarter valued at approximately $86,000. SG Americas Securities LLC bought a new stake in JAKKS Pacific in the 4th quarter valued at approximately $192,000. Barclays PLC lifted its stake in JAKKS Pacific by 280.4% in the 3rd quarter. Barclays PLC now owns 10,485 shares of the company’s stock valued at $195,000 after acquiring an additional 7,729 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in JAKKS Pacific by 37.1% in the 4th quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock valued at $196,000 after acquiring an additional 1,494 shares in the last quarter. Finally, Denali Advisors LLC acquired a new stake in shares of JAKKS Pacific in the 4th quarter valued at approximately $203,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

About JAKKS Pacific

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.