Funko (NASDAQ:FNKO) issued its earnings results on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04, Briefing.com reports. Funko had a return on equity of 9.68% and a net margin of 2.70%. The business had revenue of $176.90 million during the quarter, compared to analysts’ expectations of $166.07 million. During the same period in the prior year, the firm posted $0.04 EPS. Funko’s quarterly revenue was up 23.9% compared to the same quarter last year.

FNKO stock traded down $4.28 during midday trading on Friday, reaching $15.67. 2,401,508 shares of the company’s stock traded hands, compared to its average volume of 440,958. Funko has a 1-year low of $5.81 and a 1-year high of $31.12. The stock has a market capitalization of $1.01 billion and a price-to-earnings ratio of 52.23. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.55 and a quick ratio of 1.03.

A number of brokerages have recently issued reports on FNKO. Stifel Nicolaus increased their target price on Funko from $12.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research cut Funko from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. JPMorgan Chase & Co. increased their target price on Funko from $14.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, August 10th. Jefferies Financial Group reissued a “buy” rating and issued a $23.00 target price on shares of Funko in a report on Friday, August 10th. Finally, Piper Jaffray Companies set a $24.00 target price on Funko and gave the stock a “buy” rating in a report on Thursday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $18.72.

In related news, President Andrew Mark Perlmutter sold 55,000 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $20.02, for a total transaction of $1,101,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tracy D. Daw sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $20.36, for a total value of $203,600.00. The disclosure for this sale can be found here. Company insiders own 18.39% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its holdings in Funko by 18.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,400 shares of the company’s stock valued at $244,000 after purchasing an additional 3,000 shares in the last quarter. Bank of America Corp DE increased its holdings in Funko by 51.9% during the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $123,000 after purchasing an additional 3,348 shares in the last quarter. Northern Trust Corp increased its holdings in Funko by 5.5% during the 2nd quarter. Northern Trust Corp now owns 112,365 shares of the company’s stock valued at $1,410,000 after purchasing an additional 5,849 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Funko in the 3rd quarter valued at $214,000. Finally, Trexquant Investment LP acquired a new stake in shares of Funko in the 3rd quarter valued at $223,000. 37.71% of the stock is owned by hedge funds and other institutional investors.

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Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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