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

JAKKS Pacific, Inc. (NASDAQ:JAKK) has received a consensus recommendation of “Buy” from the four research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $41.67.

A number of research analysts have issued reports on JAKK shares. Maxim Group started coverage on JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 price objective for the company. Small Cap Consu raised JAKKS Pacific to a “strong-buy” rating in a report on Tuesday, July 16th. StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, B. Riley raised their target price on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.

JAKKS Pacific Price Performance

Shares of JAKK stock opened at $29.48 on Wednesday. The stock has a market cap of $324.04 million, a P/E ratio of 11.20 and a beta of 2.31. The stock has a fifty day moving average price of $26.08 and a 200 day moving average price of $21.92. JAKKS Pacific has a one year low of $17.06 and a one year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data 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 return on equity of 15.27% and a net margin of 4.87%. Equities research analysts anticipate that JAKKS Pacific will post 2.18 EPS for the current year.

Institutional Trading of JAKKS Pacific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management increased its position in JAKKS Pacific by 40.3% in the first quarter. LSV Asset Management now owns 212,380 shares of the company’s stock worth $5,246,000 after purchasing an additional 60,977 shares during the period. Hillsdale Investment Management Inc. increased its position in JAKKS Pacific by 35.7% in the first quarter. Hillsdale Investment Management Inc. now owns 98,518 shares of the company’s stock worth $2,433,000 after purchasing an additional 25,900 shares during the period. Vanguard Group Inc. increased its position in JAKKS Pacific by 2.9% in the first quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock worth $9,272,000 after purchasing an additional 10,746 shares during the period. AQR Capital Management LLC increased its position in JAKKS Pacific by 75.9% in the second 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 period. Finally, O Shaughnessy Asset Management LLC increased its position in JAKKS Pacific by 32.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 31,718 shares of the company’s stock worth $783,000 after purchasing an additional 7,708 shares during the period. 44.38% of the stock is currently owned by institutional investors and hedge funds.

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.