Friday, January 25, 10:17 AM
It's no surprise that toy stocks are lower after Hasbro (HAS) issues a dour estimate on its holiday sales. Mattel (MAT), Jakks Pacific (JAKK), and LeapFrog (LF) all trade down, although the move by LeapFrog has some traders hopping about. With its tech focus and aggressive growth track, they argue, LeapFrog shouldn't get lumped into the malaise hitting traditional toy sellers.
3 Comments[Consumer, On the Move]
Tuesday, October 23, 2012, 6:07 AMJAKKS Pacific (JAKK): Q3 EPS of $1.13 misses by $0.01. Revenue of $314.9M (-5% Y/Y) misses by $6M. (PR)
Friday, September 28, 2012, 5:37 PM
Shares of Jakks Pacific (JAKK) trade lower after the toy maker cuts its FY12 guidance, saying it experienced "disappointing" domestic product sales and a slowdown in orders, as well as increased expenses. It now expects to earn between $0.68 to $0.74 per share on revenue of around $690M to $700M, down significantly from earlier estimates for a profit of $1.04 to $1.08 pre share and revenue between $720M and $728M. Shares -9% AH.
Comment![Earnings, On the Move]
Wednesday, September 19, 2012, 10:28 AM
Toy companies get hit by a downgrade from Needham as analyst Sean McGowan warns that the potential for negative surprises in the sector outweighs the upside to buying shares in front of the holiday season. Mattel (MAT -1.8%), Hasbro (HAS -0.9%), and Jakks Pacific (JAKK -4.6%) all trade lower after the firm lowers its rating on the trio to Hold from Buy.
Comment![Consumer, On the Move]
Tuesday, July 17, 2012, 8:54 AMJAKKS Pacific (JAKK): Declares $0.10/share quarterly dividend, in line with previous. Forward yield 2.5%. For shareholders of record Sep 14; Payable Oct 01; ex-div date Sep 12. (PR)
Tuesday, July 17, 2012, 6:28 AMJAKKS Pacific (JAKK): Q2 EPS of $0.06 misses by $0.05. Revenue of $145.4M (+10.2% Y/Y) beats by $8M. (PR)
Wednesday, June 27, 2012, 10:37 AM
Jakks Pacific (JAKK +0.4%) forecasts that sales of merchandise from Disney's (DIS +1.4%) Brave will be triple that of original estimates based on early numbers. A key to the boom in toy sales and the movie's strong box office showing is attributable to the warm reaction to Merida - the first heroine character to feature in a Pixar-produced movie for Disney.
Comment![Consumer, On the Move]
Monday, June 18, 2012, 7:54 AM
P-E firm Oaktree ends talks with Jakks Pacific (JAKK -0.6%) over a standstill pact - when a hostile bidder agrees to limit its holdings in a target company - after the sides were unable to agree to terms. Oaktree has offered $670M for Jakks, which tried to fend off the $20/share bid but eventually bowed to investor pressure to discuss it.
Monday, April 23, 2012, 8:25 AM
JAKKS Pacific (JAKK) agrees to repurchase $80M in stock at a price of at least $20 a pop and increase the size of its board as it negotiates with large shareholders gearing up for a proxy fight. Shares +5.7% premarket.
Comment![On the Move, Consumer]
Wednesday, April 18, 2012, 6:42 AMJAKKS Pacific (JAKK): Q1 EPS of -$0.59 beats by $0.02. Revenue of $73.4M (+1.5% Y/Y) beats by $5M. (PR)
Tuesday, February 21, 2012, 6:50 AMJAKKS Pacific (JAKK): Q4 EPS of -$0.72 misses by $0.09. Revenue of $141.1M (-28.7% Y/Y) beats by $15M. (PR)
Wednesday, December 21, 2011, 4:05 PM
Where's the must-have holiday toy?: UBS analyst Robert Carroll tells CNBC (video) that this season consumers are passing on fad-shopping to focus instead on landing value deals. He says Wal-Mart (WMT) stands as the big winner, as the lack of a killer holiday toy keeps price at the forefront for parents and chips away at the revenue of toy manufacturers. Tale of the tape over the last 3 months: WMT +15.7%, HAS -3%, JAKK -21%.
Comment![Consumer, Quick Ideas]
Monday, December 19, 2011, 10:11 AM
Shares of toymaker Jakks Pacific (JAKK -20.5%) unravel after the firm releases updated 2011 guidance hinged on what it labels as a "disappointing" sales performance. The firm now sees full year revenue of $660M, down from a previous estimate of $770M-$775M.
Comment![On the Move]