JAKKS Pacific (NASDAQ:JAKK) Announces Earnings Results, Misses Expectations By $0.91 EPS

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

JAKKS Pacific Price Performance

Shares of JAKK stock opened at $19.73 on Friday. The company has a market cap of $213.08 million, a price-to-earnings ratio of 7.25 and a beta of 2.34. 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 1-year low of $15.30 and a 1-year high of $36.84.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Simplicity Wealth LLC acquired a new position in shares of JAKKS Pacific during the 1st quarter worth approximately $460,000. Quadrature Capital Ltd purchased a new position in JAKKS Pacific in the 4th quarter valued at $1,355,000. Corsair Capital Management L.P. lifted its holdings in JAKKS Pacific by 26.8% in the 4th quarter. Corsair Capital Management L.P. now owns 15,146 shares of the company’s stock valued at $538,000 after purchasing an additional 3,200 shares in the last quarter. Soviero Asset Management LP purchased a new position in JAKKS Pacific in the 4th quarter valued at $711,000. Finally, Privium Fund Management UK Ltd purchased a new position in JAKKS Pacific in the 4th quarter valued at $313,000. 44.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JAKK has been the subject of a number of analyst reports. Ascendiant Capital Markets decreased their price target 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 downgraded JAKKS Pacific from a “b” rating to a “c+” rating in a report on Friday, March 1st.

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.