Stocks of JAKKS Pacific Inc. (JAKK) are poised to climb above their peers

JAKKS Pacific Inc. (NASDAQ: JAKK) stock jumped 3.44% on Wednesday to $18.36 against a previous-day closing price of $17.75. With 0.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.12 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $18.43 whereas the lowest price it dropped to was $17.61. The 52-week range on JAKK shows that it touched its highest point at $27.87 and its lowest point at $7.50 during that stretch. It currently has a 1-year price target of $26.00. Beta for the stock currently stands at 2.22.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JAKK was up-trending over the past week, with a rise of 1.72%, but this was down by -6.47% over a month. Three-month performance dropped to -27.69% while six-month performance rose 49.15%. The stock gained 61.62% in the past year, while it has gained 80.71% so far this year. A look at the trailing 12-month EPS for JAKK yields 4.77 with Next year EPS estimates of 4.20. For the next quarter, that number is -1.70. This implies an EPS growth rate of 77.10% for this year and 3.52% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -27.10%.

Float and Shares Shorts:

At present, 9.70 million JAKK shares are outstanding with a float of 7.13 million shares on hand for trading. On Oct 13, 2022, short shares totaled 65050.0, which was 0.67% higher than short shares on Sep 14, 2022. In addition to Mr. Stephen G. Berman as the firm’s Co-Founder, Chairman, CEO & Sec., Mr. John L. Kimble serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 36.04% of JAKK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 30.94% of JAKK, in contrast to 29.31% held by mutual funds. Shares owned by individuals account for 12.07%. As the largest shareholder in JAKK with 3.55% of the stake, Renaissance Technologies LLC holds 345,118 shares worth 345,118. A second-largest stockholder of JAKK, Acadian Asset Management LLC, holds 303,052 shares, controlling over 3.12% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in JAKK, holding 293,875 shares or 3.02% stake. With a 2.40% stake in JAKK, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 233,071 shares are owned by the mutual fund manager. The PACE Small/Medium Co. Value Equit, which owns about 1.08% of JAKK stock, is the second-largest Mutual Fund holder. It holds 104,563 shares valued at 1.9 million. Vanguard Extended Market Index Fu holds 1.06% of the stake in JAKK, owning 102,536 shares worth 1.86 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JAKK since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With JAKK analysts setting a high price target of $30.00 and a low target of $20.00, the average target price over the next 12 months is $26.00. Based on these targets, JAKK could surge 63.4% to reach the target high and rise by 8.93% to reach the target low. Reaching the average price target will result in a growth of 41.61% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. JAKK will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $4.75 being high and $3.50 being low. For JAKK, this leads to a yearly average estimate of $4.06. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. JAKKS Pacific Inc. surprised analysts by $0.85 when it reported $3.80 EPS against a consensus estimate of $2.95. The surprise factor in the prior quarter was $2.63. Based on analyst estimates, the high estimate for the next quarter is -$1.11 and the low estimate is -$2.28. The average estimate for the next quarter is thus -$1.70.

Summary of Insider Activity:

Insiders traded JAKK stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 42 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 1,192,737 while 899,508 shares were sold.

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