JAKKS Pacific (NASDAQ:JAKK) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a buy rating to a hold rating in a report issued on Friday morning.

Several other research analysts have also issued reports on the stock. TheStreet lowered shares of JAKKS Pacific from a b rating to a c+ rating in a research note on Friday, March 1st. Ascendiant Capital Markets cut their target price on shares of JAKKS Pacific from $41.00 to $38.00 and set a buy rating on the stock in a research note on Monday, April 1st.

JAKKS Pacific Stock Performance

Shares of NASDAQ JAKK opened at $19.27 on Friday. JAKKS Pacific has a 52-week low of $15.30 and a 52-week high of $36.84. The firm has a 50 day moving average price of $24.95 and a two-hundred day moving average price of $27.98. The stock has a market cap of $208.12 million, a P/E ratio of 7.08 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Wednesday, April 24th. The company reported ($1.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.91). JAKKS Pacific had a net margin of 4.29% and a return on equity of 18.85%. The firm had revenue of $90.08 million during the quarter, compared to the consensus estimate of $104.12 million. Analysts predict that JAKKS Pacific will post 3.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JAKK. Privium Fund Management UK Ltd raised its position in JAKKS Pacific by 97.9% in the first quarter. Privium Fund Management UK Ltd now owns 17,413 shares of the company’s stock worth $409,000 after acquiring an additional 8,614 shares during the period. Simplicity Wealth LLC bought a new stake in JAKKS Pacific in the first quarter worth about $460,000. Quadrature Capital Ltd bought a new stake in JAKKS Pacific in the fourth quarter worth about $1,355,000. Corsair Capital Management L.P. raised its position in JAKKS Pacific by 26.8% in the fourth quarter. Corsair Capital Management L.P. now owns 15,146 shares of the company’s stock worth $538,000 after acquiring an additional 3,200 shares during the period. Finally, Soviero Asset Management LP bought a new stake in JAKKS Pacific in the fourth quarter worth about $711,000. 44.38% of the stock is owned by institutional investors.

JAKKS Pacific Company Profile

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.