JAKKS Pacific, Inc. (NASDAQ:JAKK) Given Average Rating of “Buy” by Analysts

JAKKS Pacific, Inc. (NASDAQ:JAKK) has been assigned a consensus recommendation of “Buy” from the four research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $40.33.

A number of research firms recently weighed in on JAKK. B. Riley started coverage on shares of JAKKS Pacific in a research report on Tuesday, September 17th. They issued a “buy” rating and a $37.00 price objective on the stock. Small Cap Consu raised JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. Maxim Group assumed coverage on shares of JAKKS Pacific in a report on Monday, August 26th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, StockNews.com downgraded shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in shares of JAKKS Pacific by 75.9% during the 2nd 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 last quarter. Dimensional Fund Advisors LP lifted its position in shares of JAKKS Pacific by 29.8% during the second quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock valued at $7,961,000 after buying an additional 102,155 shares during the last quarter. LSV Asset Management boosted its holdings in shares of JAKKS Pacific by 40.3% in the 1st 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 position in shares of JAKKS Pacific by 34.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company’s stock worth $2,733,000 after buying an additional 38,818 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of JAKKS Pacific during the 4th quarter worth approximately $1,355,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

JAKKS Pacific Price Performance

NASDAQ:JAKK opened at $26.54 on Friday. The firm has a market capitalization of $286.66 million, a price-to-earnings ratio of 9.76 and a beta of 2.34. The business has a 50 day simple moving average of $23.81 and a 200-day simple moving average of $21.19. JAKKS Pacific has a 1 year low of $15.30 and a 1 year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.22). JAKKS Pacific had a return on equity of 14.36% and a net margin of 4.29%. The firm had revenue of $148.62 million for the quarter, compared to analysts’ expectations of $162.42 million. As a group, analysts expect that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

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.