Brokerages Set JAKKS Pacific, Inc. (NASDAQ:JAKK) Price Target at $41.67

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have been assigned a consensus recommendation of “Buy” from the four analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $41.67.

Several equities analysts have recently issued reports on the company. StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Maxim Group initiated coverage on JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 price objective on the stock. B. Riley lifted their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Small Cap Consu upgraded JAKKS Pacific to a “strong-buy” rating in a report on Tuesday, July 16th.

JAKKS Pacific Trading Down 3.2 %

JAKKS Pacific stock opened at $29.48 on Wednesday. The firm has a market capitalization of $324.04 million, a P/E ratio of 11.20 and a beta of 2.31. JAKKS Pacific has a 1 year low of $17.06 and a 1 year high of $36.84. The business has a 50-day moving average of $26.08 and a 200-day moving average of $21.92.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $1.36. The company had revenue of $321.61 million during the quarter, compared to analyst estimates of $303.44 million. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. Research analysts anticipate that JAKKS Pacific will post 2.18 EPS for the current fiscal year.

Institutional Investors Weigh In On JAKKS Pacific

Several institutional investors have recently bought and sold shares of JAKK. AQR Capital Management LLC lifted its stake in JAKKS Pacific by 75.9% in the 2nd quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock valued at $4,835,000 after acquiring an additional 116,519 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in JAKKS Pacific by 29.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock valued at $7,961,000 after acquiring an additional 102,155 shares in the last quarter. LSV Asset Management lifted its stake in 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. Pacific Ridge Capital Partners LLC increased its position in shares of JAKKS Pacific by 34.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company’s stock worth $2,733,000 after purchasing an additional 38,818 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of JAKKS Pacific during the 2nd quarter worth approximately $527,000. Institutional investors own 44.38% of the company’s stock.

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.