Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.36 and traded as high as $23.75. JAKKS Pacific shares last traded at $23.44, with a volume of 34,824 shares.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Finally, Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.
Check Out Our Latest Research Report on JAKK
JAKKS Pacific Stock Performance
JAKKS Pacific (NASDAQ:JAKK – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.27. The firm had revenue of $106.68 million during the quarter, compared to the consensus estimate of $103.80 million. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. As a group, research analysts forecast that JAKKS Pacific, Inc. will post 1.42 earnings per share for the current year.
JAKKS Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, May 29th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, May 29th. JAKKS Pacific’s dividend payout ratio (DPR) is currently 144.93%.
Institutional Trading of JAKKS Pacific
Several large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in JAKKS Pacific in the fourth quarter valued at about $32,000. Royal Bank of Canada boosted its position 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 worth $41,000 after buying an additional 1,745 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of JAKKS Pacific in the third quarter valued at about $46,000. Quarry LP purchased a new stake in shares of JAKKS Pacific during the 3rd quarter valued at about $51,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of JAKKS Pacific by 155.8% during 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 period. 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.
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