SANTA MONICA, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- JAKKS Pacific (NASDAQ:JAKK) proudly announces the launch of its first complete line of figures and plush toys inspired by Dav Pilkey's bestselling Dog Man graphic novel series and the highly anticipated Dog Man theatrical release from DreamWorks Animation and Universal Pictures. Rolling out launches across major retailers, including Amazon, Walmart, and Target, JAKKS is seeing encouraging sales trends in the toy aisle since the mid-January release date ...

Disguise Announces Exclusive Global Rights for A Minecraft Movie Disguise Announces Exclusive Global Rights for the Hugely Anticipated Big Screen Adventure "A Minecraft Movie" POWAY, Calif., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Disguise, Inc., the costume division of leading toy and consumer products company JAKKS Pacific, Inc. (NASDAQ: JAKK), has proudly announced global licensing rights to design, produce, and market costumes inspired by A MINECRAFT MOVIE. This major announcement solidifies Disguise’s lo ...

JAKKS Pacific, Inc. (JAKK) is well positioned to capitalize on its strategic growth initiatives, including international expansion, licensing agreements and operational improvements. The company’s focus on product innovation and strong execution has been driving sales and boosting investor confidence.In the past six months, shares of JAKKS Pacific have gained 42.6% compared with the industry’s 14.4% growth. An upward revision in earnings estimates for 2025 reflects analysts’ optimism regarding the company’s ...

Company Performance - Shares of JAKKS Pacific surged following the release of a well-received quarterly earnings report in late October [1] Analyst Disclosure - The author of the article has no stock, option, or derivative positions in JAKKS Pacific or any other mentioned companies, and no plans to initiate such positions within the next 72 hours [1] - The article expresses the author's own opinions and is not influenced by any compensation or business relationships with the mentioned companies [1] Platform Disclosure - Seeking Alpha's analysts include both professional and individual investors who may not be licensed or certified by any regulatory body [2] - The views expressed in the article may not reflect those of Seeking Alpha as a whole [2]

Industry Overview - The Zacks Toys - Games - Hobbies industry is experiencing robust demand for smart toys, STEM toys, sports toys, and fashion dolls and accessories, with companies focusing on digital initiatives and marketing strategies to drive growth [1][3] - The industry includes companies that design, manufacture, and sell various games and toys, with a mix of traditional toymakers and those involved in video game content and services [2] Trends - STEM toys are gaining popularity, particularly in the Asia Pacific region, with countries like India, Malaysia, Singapore, and Thailand seeing increased demand as parents prioritize educational toys [3] - Industry participants are focusing on emerging markets in Eastern Europe, Asia, and Latin and South America for revenue growth opportunities [4] Challenges - The industry faces cost inflation due to rising raw material prices and higher employee-related expenses, which may impact profitability despite efforts to launch new products and shift towards technology-driven toys [5] Industry Performance - The Zacks Toys - Games - Hobbies industry currently holds a Zacks Industry Rank of 3, placing it in the top 1% of 250 Zacks industries, indicating bright near-term prospects [6][7] - The industry has underperformed the S&P 500 Index, growing 17.9% compared to the S&P 500's 26.9% increase [10] Valuation - The industry is trading at a forward 12-month price-to-earnings ratio of 22.85X, higher than the S&P 500's 22.37X and the sector's 16.63X [12] Company Highlights - JAKKS Pacific is benefiting from product expansions and collaborations, with a promising lineup of new products tied to popular franchises expected to generate significant consumer interest [13] - JAKKS Pacific shares have surged 64.2% in the past six months, with earnings estimates for 2025 revised 7.1% upward [14] - Mattel is expected to benefit from its Optimizing for Profitable Growth program and strong demand for Hot Wheels, with anticipated growth driven by product innovations and enhanced marketing efforts [17]

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...

Jakks Pacific (JAKK) closed the last trading session at $28.39, gaining 1.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $41.25 indicates a 45.3% upside potential.The mean estimate comprises four short-term price targets with a standard deviation of $3.40. While the lowest estimate of $38 indicates a 33.9% increase from the current price level, the most optimistic analyst expec ...

Shares of JAKKS Pacific, Inc. (JAKK) have rallied 52.1% in the past six months, significantly outperforming 15.5% growth registered by the Zacks Toys - Games - Hobbies industry. JAKK also outpaced the broader Consumer Discretionary  sector and the S&P 500 index's 13.8% and 10.3% growth, respectively, during the same period.The company is benefiting from retail expansion and product launches. Its focus on brand collaborations and licensing partnerships supports growth. The company’s efforts to diversify its ...

Core Insights - JAKKS Pacific, Inc. reported its Q3 earnings on October 30, highlighting its role as a toy producer and distributor with licensed brand sales from companies like Disney and Nintendo [1] Financial Performance - The company’s Q3 earnings report was released after market hours, indicating a focus on transparency and timely communication with investors [1] Market Position - JAKKS Pacific operates in the toy industry, leveraging partnerships with major brands to enhance its product offerings and market reach [1]

Financial Performance - Q3 2024 net sales were $321.6 million, a year-over-year increase of 4%[2] - Toys/Consumer Products net sales were $264.3 million, a year-over-year increase of 7%[2] - Costumes net sales were $57.3 million, a year-over-year decrease of 10%[2] - Operating income was $68.1 million, representing 21.2% of net sales, up from 20.1% in Q3 2023[2] - Net income attributable to common stockholders was $52.3 million or $4.64 per diluted share, compared to $47.8 million or $4.53 per diluted share in Q3 2023[2] - Year-to-date adjusted net income was $50.0 million ($4.50 per diluted share), down from $59.4 million ($5.66 per diluted share) in the first nine months of 2023[5] - Net income attributable to JAKKS Pacific, Inc. increased by 9% to $52.3 million in Q3 2024 compared to $48.1 million in Q3 2023[16] - The company experienced a 12% decrease in net income for the nine months ended September 30, 2024, totaling $43.3 million compared to $48.9 million in the same period of 2023[16] - TTM net income decreased to $32,441,000 from $87,094,000, a decline of $54,653,000[19] Margins and Expenses - Gross margin was 33.8%, down 70 basis points compared to Q3 2023[2] - Adjusted EBITDA for Q3 2024 was $74.4 million, up from $67.1 million in Q3 2023[2] - Gross profit margin decreased to 33.8% in Q3 2024 from 34.5% in Q3 2023, reflecting a decline in gross profit to $108.8 million[17] - Direct selling expenses decreased by 29% to $7.6 million in Q3 2024, compared to $10.7 million in Q3 2023[16] - General and administrative expenses increased by 9% to $100.9 million for the nine months ended September 30, 2024, compared to $92.5 million in the same period of 2023[16] - The company reported a decrease in royalty expenses by 2% to $50.0 million in Q3 2024 compared to $51.1 million in Q3 2023[16] - Interest expense decreased significantly by 62% to $539,000 in Q3 2024 from $1.4 million in Q3 2023[18] - Interest expense decreased to $1,648,000 from $8,035,000, a reduction of $6,387,000[19] - The overall TTM Adjusted EBITDA margin decreased to 8.5%, down 190 basis points from 10.4%[19] Cash and Inventory - Cash and cash equivalents totaled $22.3 million as of September 30, 2024, down from $96.4 million a year earlier[6] - Inventory was $63.5 million, compared to $68.8 million as of September 30, 2023[6] Earnings Per Share - Earnings per share (EPS) for Q3 2024 was $4.78, slightly up from $4.77 in Q3 2023[16] - Adjusted earnings per share (diluted) decreased to $4.79 from $5.66, a decline of $0.87[20] Regional Sales Performance - Net sales in the United States for Q3 2023 were $255,278,000, a 4.2% increase year-over-year, but a 3.5% decline compared to the previous quarter[21] - Latin America showed significant growth with Q3 2023 sales of $22,632,000, a 47.7% increase year-over-year[21] - Total net sales for Q3 2023 were $321,606,000, reflecting a 3.8% increase from Q3 2022[21] - The company reported a 22.8% increase in year-to-date sales for Latin America compared to the previous year[21] Other Financial Impacts - The company experienced a loss from joint ventures totaling $565,000, impacting overall profitability[20] - TTM Adjusted EBITDA fell to $58,490,000, down 22% from $74,549,000[19]