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

JAKKS Pacific (NASDAQ:JAKK) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other research firms have also issued reports on JAKK. B. Riley increased their target price on JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday. Maxim Group started coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They set a “buy” rating and a $46.00 price target on the stock. Finally, Small Cap Consu raised shares of JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $41.67.

JAKKS Pacific Price Performance

Shares of JAKK opened at $29.93 on Friday. The firm has a 50-day simple moving average of $25.35 and a two-hundred day simple moving average of $21.58. The stock has a market cap of $328.93 million, a PE ratio of 11.00 and a beta of 2.31. JAKKS Pacific has a 1-year low of $17.06 and a 1-year high of $36.84.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in JAKKS Pacific in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. increased its stake in shares of JAKKS Pacific by 1,617.0% during the second quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock worth $63,000 after buying an additional 3,331 shares during the period. Lazard Asset Management LLC increased its stake in shares of JAKKS Pacific by 13.0% during the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after buying an additional 1,020 shares during the period. Rhumbline Advisers raised its holdings in JAKKS Pacific by 15.4% in the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after acquiring an additional 1,636 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in JAKKS Pacific by 50.9% in the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after acquiring an additional 4,500 shares during the last quarter. 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.