JAKKS Pacific (NASDAQ:JAKK) Stock Rating Upgraded by Zacks Research

JAKKS Pacific (NASDAQ:JAKK) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

Other research analysts also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of JAKKS Pacific in a research note on Friday, September 11th. Wall Street Zen raised shares of JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

JAKKS Pacific Stock Up 1.2%

NASDAQ JAKK opened at $28.08 on Monday. The stock has a market cap of $321.24 million, a PE ratio of 29.20 and a beta of 1.32. JAKKS Pacific has a fifty-two week low of $14.86 and a fifty-two week high of $28.60. The business has a 50 day moving average price of $25.43 and a two-hundred day moving average price of $23.56.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.31. The company had revenue of $139.24 million during the quarter, compared to the consensus estimate of $123.01 million. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%. Sell-side analysts anticipate that JAKKS Pacific will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On JAKKS Pacific

A number of hedge funds have recently bought and sold shares of JAKK. Gate City Capital Management LLC boosted its position in shares of JAKKS Pacific by 47.6% in the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after purchasing an additional 252,337 shares during the period. Donald Smith & CO. Inc. purchased a new position in JAKKS Pacific in the 2nd quarter worth about $4,784,000. Gabelli Funds LLC raised its holdings in JAKKS Pacific by 46.1% during the 1st quarter. Gabelli Funds LLC now owns 188,492 shares of the company’s stock worth $3,755,000 after buying an additional 59,473 shares during the period. Corient Private Wealth LLC acquired a new stake in JAKKS Pacific during the 4th quarter worth about $924,000. Finally, Gamco Investors INC. ET AL raised its holdings in JAKKS Pacific by 79.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 104,983 shares of the company’s stock worth $2,091,000 after buying an additional 46,322 shares during the period. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc is a toy and consumer products company that develops, manufactures and markets toys, games and related products for children and families. Its portfolio includes action figures, dolls, vehicles, playsets, role-play and dress-up products, plush toys, preschool items, games, and seasonal and outdoor products.

The company sells products under its own brands and through licensing and entertainment partnerships. Its offerings have included products based on well-known movie, television, video game and character properties, as well as proprietary brands such as Maui and Airwalk.