JAKKS Pacific (NASDAQ:JAKK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JAKKS Pacific (NASDAQ:JAKKFree Report) from a buy rating to a strong-buy rating in a report issued on Sunday.

Several other research analysts have also commented on JAKK. Zacks Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings upgraded JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 15th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, JAKKS Pacific has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on JAKK

JAKKS Pacific Price Performance

Shares of JAKK stock opened at $26.15 on Friday. JAKKS Pacific has a 1 year low of $14.86 and a 1 year high of $27.22. The stock’s 50 day simple moving average is $24.30 and its two-hundred day simple moving average is $22.20. The company has a market cap of $299.16 million, a PE ratio of 18.81 and a beta of 1.41.

JAKKS Pacific (NASDAQ:JAKKGet Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.31. The business had revenue of $139.24 million during the quarter, compared to analyst estimates of $123.01 million. JAKKS Pacific had a return on equity of 4.33% and a net margin of 2.77%. Equities research analysts expect that JAKKS Pacific will post 1.38 EPS for the current year.

JAKKS Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 28th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. JAKKS Pacific’s dividend payout ratio (DPR) is 71.94%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JAKK. State of Alaska Department of Revenue purchased a new stake in shares of JAKKS Pacific during the fourth quarter valued at $32,000. Royal Bank of Canada raised its stake in JAKKS Pacific by 543.6% in the 1st quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock worth $41,000 after acquiring an additional 1,745 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in JAKKS Pacific during the 3rd quarter worth about $46,000. Quarry LP acquired a new stake in JAKKS Pacific during the 3rd quarter worth about $51,000. Finally, California State Teachers Retirement System grew its stake in JAKKS Pacific by 507.2% during the 2nd quarter. California State Teachers Retirement System now owns 2,957 shares of the company’s stock valued at $69,000 after purchasing an additional 2,470 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

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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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