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Lawrence I. Rosen, a significant shareholder in Jakks Pacific Inc. (NASDAQ:JAKK), increased his stake in the company by purchasing additional shares. On March 24, Rosen acquired a total of 15,165 shares of Jakks Pacific’s common stock, with transaction prices ranging from $25.8752 to $26.1499 per share. The total value of these transactions amounted to approximately $394,210. Following these purchases, Rosen’s total direct ownership stands at 1,900,837 shares.The insider purchase comes at an interesting time for Jakks Pacific, which currently trades at an attractive P/E ratio of 8x and maintains strong financial health with a current ratio of 1.8x. InvestingPro analysis indicates the stock is currently undervalued, with analysts setting price targets between $40 and $46 per share. Get deeper insights into JAKK and 1,400+ other stocks with InvestingPro, featuring exclusive ProTips, comprehensive financial analysis, and detailed valuation metrics. The platform’s advanced research reports transform complex Wall Street data into actionable intelligence for smarter investing decisions.
In other recent news, JAKKS Pacific reported its fourth-quarter earnings, which did not meet analyst expectations. The company posted an adjusted earnings per share of -$0.67, slightly missing the consensus estimate of -$0.66. Revenue for the quarter was $130.7 million, falling short of the anticipated $133.28 million. Despite this, JAKKS Pacific experienced a 3% year-over-year increase in net sales for the quarter. The company’s Toys/Consumer Products segment saw a slight decline, while Costumes net sales rose by 46%. Gross margin improved to 27.2%, and the operating loss narrowed compared to the previous year. For the full year 2024, net sales decreased by 3% to $691.0 million. In addition, JAKKS Pacific announced a quarterly cash dividend of $0.25 per share, payable in March 2025. Recently, the company also launched a new collection of beach and outdoor items under the Quiksilver and Roxy brands, available exclusively on Amazon (NASDAQ:AMZN).
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