JAKKS Pacific (NASDAQ:JAKK) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

JAKK has been the topic of several other research reports. Small Cap Consu raised shares of JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. Maxim Group began coverage on shares of JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 price objective for the company. Finally, B. Riley raised their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, JAKKS Pacific presently has an average rating of “Buy” and a consensus price target of $41.67.

JAKKS Pacific Trading Up 1.9 %

Shares of JAKK stock opened at $30.50 on Friday. The company’s fifty day simple moving average is $25.48 and its 200-day simple moving average is $21.63. JAKKS Pacific has a 52 week low of $17.06 and a 52 week high of $36.84. The company has a market cap of $335.26 million, a PE ratio of 11.21 and a beta of 2.31.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. The business had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. Equities research analysts expect that JAKKS Pacific will post 2.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in JAKKS Pacific by 9.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,983 shares of the company’s stock valued at $543,000 after purchasing an additional 1,931 shares during the period. LSV Asset Management lifted its position 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 acquiring an additional 60,977 shares in the last quarter. Empowered Funds LLC boosted its position in shares of JAKKS Pacific by 7.8% in the first quarter. Empowered Funds LLC now owns 48,133 shares of the company’s stock worth $1,189,000 after buying an additional 3,500 shares during the period. Vanguard Group Inc. lifted its stake in JAKKS Pacific by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock worth $9,272,000 after acquiring an additional 10,746 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its position in JAKKS Pacific by 35.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 98,518 shares of the company’s stock worth $2,433,000 after acquiring an additional 25,900 shares during the period. 44.38% of the stock is owned by institutional investors and hedge funds.

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.