JAKKS Pacific (NASDAQ:JAKK) Raised to Strong-Buy at Wall Street Zen

JAKKS Pacific (NASDAQ:JAKK) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other equities analysts have also recently issued reports on the stock. Zacks Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings upgraded JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, JAKKS Pacific currently has an average rating of “Hold”.

JAKKS Pacific Stock Performance

JAKKS Pacific stock opened at $26.33 on Friday. JAKKS Pacific has a fifty-two week low of $14.86 and a fifty-two week high of $26.82. The firm has a market capitalization of $301.22 million, a price-to-earnings ratio of 18.94 and a beta of 1.41. The stock’s fifty day moving average is $23.11 and its two-hundred day moving average is $21.39.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.27. The business had revenue of $106.68 million during the quarter, compared to the consensus estimate of $103.80 million. JAKKS Pacific had a return on equity of 4.33% and a net margin of 2.77%. As a group, sell-side analysts forecast that JAKKS Pacific will post 1.53 EPS for the current fiscal year.

Hedge Funds Weigh In On JAKKS Pacific

Several institutional investors and hedge funds have recently modified their holdings of JAKK. Gate City Capital Management LLC grew its stake in JAKKS Pacific by 47.6% in the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock worth $13,212,000 after acquiring an additional 252,337 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of JAKKS Pacific by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 569,538 shares of the company’s stock worth $11,344,000 after purchasing an additional 5,153 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of JAKKS Pacific by 4.7% during the third quarter. Vanguard Group Inc. now owns 503,846 shares of the company’s stock worth $9,437,000 after purchasing an additional 22,844 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of JAKKS Pacific by 19.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock worth $6,858,000 after acquiring an additional 65,156 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in JAKKS Pacific in the third quarter valued at approximately $6,812,000. Hedge funds and other institutional investors own 44.38% of the company’s stock.

About JAKKS Pacific

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.