Empowered Funds LLC Has $1.39 Million Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Empowered Funds LLC raised its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 5.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 54,413 shares of the company’s stock after purchasing an additional 2,680 shares during the quarter. Empowered Funds LLC’s holdings in JAKKS Pacific were worth $1,389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JAKK. AQR Capital Management LLC grew its holdings 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 valued at $4,835,000 after acquiring an additional 116,519 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in JAKKS Pacific by 29.8% in the second quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock valued at $7,961,000 after purchasing an additional 102,155 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in 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 purchasing an additional 38,818 shares during the last quarter. Creative Planning purchased a new stake in shares of JAKKS Pacific during the 2nd quarter worth about $527,000. Finally, American Century Companies Inc. lifted its holdings in shares of JAKKS Pacific by 16.3% during the 2nd quarter. American Century Companies Inc. now owns 192,957 shares of the company’s stock valued at $3,456,000 after buying an additional 27,046 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Stock Down 2.4 %

NASDAQ:JAKK opened at $27.74 on Friday. The company’s 50 day moving average is $26.77 and its 200-day moving average is $22.38. The firm has a market cap of $304.86 million, a price-to-earnings ratio of 10.20 and a beta of 2.31. JAKKS Pacific, Inc. has a 12 month low of $17.06 and a 12 month high of $36.84.

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

Analyst Upgrades and Downgrades

JAKK has been the topic of a number of research reports. StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Maxim Group assumed coverage on shares of JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 price target on the stock. Finally, B. Riley upped 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $41.67.

JAKKS Pacific 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.