JAKKS Pacific (NASDAQ:JAKK) Upgraded to Hold at Zacks Research

JAKKS Pacific (NASDAQ:JAKK) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on JAKK. Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings raised JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

JAKKS Pacific Price Performance

Shares of JAKK stock opened at $22.80 on Monday. The stock has a market cap of $260.83 million, a PE ratio of 33.04 and a beta of 1.44. The stock has a 50-day moving average of $22.36 and a 200-day moving average of $20.70. JAKKS Pacific has a one year low of $14.86 and a one year high of $24.45.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. The business had revenue of $106.68 million for the quarter, compared to analyst estimates of $103.80 million. As a group, research analysts anticipate that JAKKS Pacific will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On JAKKS Pacific

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in JAKKS Pacific in the 4th quarter valued at $32,000. Royal Bank of Canada lifted its holdings in shares of JAKKS Pacific by 543.6% in the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock valued at $41,000 after purchasing an additional 1,745 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of JAKKS Pacific during the third quarter worth about $46,000. Quarry LP bought a new position in shares of JAKKS Pacific during the third quarter worth about $51,000. Finally, BNP Paribas Financial Markets raised its position in JAKKS Pacific by 155.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after buying an additional 1,871 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.