JAKKS Pacific (NASDAQ:JAKK) Stock Rating Upgraded by StockNews.com

JAKKS Pacific (NASDAQ:JAKK) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other research analysts have also issued research reports about the company. Maxim Group initiated coverage on JAKKS Pacific in a research report on Monday, August 26th. They set a “buy” rating and a $46.00 price objective for the company. B. Riley boosted their price target on shares of JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday. Finally, Small Cap Consu raised shares of JAKKS Pacific to a “strong-buy” rating in a report on Tuesday, July 16th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $41.67.

JAKKS Pacific Stock Performance

Shares of JAKKS Pacific stock traded down $1.62 during trading hours on Friday, reaching $29.93. The company’s stock had a trading volume of 168,146 shares, compared to its average volume of 101,271. JAKKS Pacific has a one year low of $17.06 and a one year high of $36.84. The company’s 50 day simple moving average is $25.35 and its 200 day simple moving average is $21.58. The stock has a market cap of $328.93 million, a P/E ratio of 11.00 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a net margin of 4.87% and a return on equity of 16.44%. The firm had revenue of $321.61 million for the quarter, compared to analysts’ expectations of $303.44 million. On average, sell-side analysts predict that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JAKKS Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of JAKK. AQR Capital Management LLC lifted its position in JAKKS Pacific by 75.9% in the second quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock worth $4,835,000 after purchasing an additional 116,519 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of JAKKS Pacific by 29.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock worth $7,961,000 after buying an additional 102,155 shares in the last quarter. LSV Asset Management boosted its stake in JAKKS Pacific by 40.3% during the first quarter. LSV Asset Management now owns 212,380 shares of the company’s stock valued at $5,246,000 after buying an additional 60,977 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in JAKKS Pacific by 34.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company’s stock worth $2,733,000 after acquiring an additional 38,818 shares during the period. Finally, Creative Planning bought a new stake in JAKKS Pacific in the second quarter worth about $527,000. Institutional investors own 44.38% of the company’s stock.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.