Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity research on small cap consumer names.

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

<ul><li>We are reiterating our Buy rating, projections and $40 price target for JAKKS Pacific with the company announcing 2Q25 (June) results after the close on Thursday.</li><li>We believe China tariffs at 100%+ levels for much of April served to effectively shut down shipments of JAKK product in the beginning of 2Q.</li><li>Further, the company's Freight On Board ("FOB") driven business model also served to create a slower return to shipping when the 30% China tariff went into effect on May 12th.</li></ul>

We are reiterating our Buy rating, projections and $40 price target for JAKKS Pacific with the company announcing 2Q25 (June) results after the close on Thursday.We believe China tariffs at 100%+ levels for much of April served to effectively shut down shipments of JAKK product in the beginning of 2Q.Further, the company's Freight On Board ("FOB") driven business model also served to create a slower return to shipping when the 30% China tariff went into effect on May 12th.

JAKK: 2Q Earnings Preview: Moving Past the Anomaly; Reiterate Buy, $40 PT