JAKKS Pacific (NASDAQ:JAKK) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

Separately, Wall Street Zen downgraded shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $41.00.

JAKKS Pacific Stock Performance

Shares of JAKK opened at $18.73 on Monday. The stock has a fifty day moving average of $17.85 and a two-hundred day moving average of $19.81. The company has a market capitalization of $208.84 million, a PE ratio of 5.53 and a beta of 1.37. JAKKS Pacific has a fifty-two week low of $16.24 and a fifty-two week high of $35.79.

JAKKS Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Friday, August 29th. JAKKS Pacific’s payout ratio is 29.50%.

Hedge Funds Weigh In On JAKKS Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the business. Philosophy Capital Management LLC boosted its position in JAKKS Pacific by 3.5% during the 1st quarter. Philosophy Capital Management LLC now owns 332,594 shares of the company’s stock worth $8,205,000 after purchasing an additional 11,275 shares during the period. Geode Capital Management LLC raised its holdings in shares of JAKKS Pacific by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 217,187 shares of the company’s stock valued at $4,514,000 after buying an additional 11,469 shares during the period. Bridgeway Capital Management LLC boosted its holdings in JAKKS Pacific by 3.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 155,774 shares of the company’s stock worth $3,237,000 after acquiring an additional 5,884 shares during the period. Gratia Capital LLC acquired a new stake in JAKKS Pacific in the second quarter valued at approximately $3,116,000. Finally, AQR Capital Management LLC raised its stake in shares of JAKKS Pacific by 67.9% during the first quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock valued at $3,470,000 after purchasing an additional 56,873 shares during the period. Institutional investors and hedge funds own 44.38% of the company’s stock.

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.