Zacks Research upgraded shares of JAKKS Pacific (NASDAQ:JAKK – Free Report) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks reports.
Other equities analysts also recently issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of JAKKS Pacific in a research report on Friday, September 11th. Wall Street Zen raised shares of JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Report on JAKKS Pacific
JAKKS Pacific Trading Up 1.2%
JAKKS Pacific (NASDAQ:JAKK – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.31. JAKKS Pacific had a return on equity of 4.33% and a net margin of 2.77%. The firm had revenue of $139.24 million during the quarter, compared to the consensus estimate of $123.01 million. Equities analysts predict that JAKKS Pacific will post 1.38 earnings per share for the current year.
JAKKS Pacific Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Friday, August 28th were paid a $0.25 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. JAKKS Pacific’s payout ratio is 71.94%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in shares of 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 period. Allspring Global Investments Holdings LLC boosted its position in JAKKS Pacific by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,508 shares of the company’s stock worth $249,000 after purchasing an additional 1,288 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in JAKKS Pacific by 43.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 16,500 shares of the company’s stock worth $279,000 after purchasing an additional 5,000 shares in the last quarter. Sei Investments Co. grew its holdings in JAKKS Pacific by 34.4% in the first quarter. Sei Investments Co. now owns 17,960 shares of the company’s stock valued at $358,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in JAKKS Pacific by 63.4% in the first quarter. Quantinno Capital Management LP now owns 20,317 shares of the company’s stock valued at $405,000 after purchasing an additional 7,885 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.
About JAKKS Pacific
JAKKS Pacific, Inc is a toy and consumer products company that develops, manufactures and markets toys, games and related products for children and families. Its portfolio includes action figures, dolls, vehicles, playsets, role-play and dress-up products, plush toys, preschool items, games, and seasonal and outdoor products.
The company sells products under its own brands and through licensing and entertainment partnerships. Its offerings have included products based on well-known movie, television, video game and character properties, as well as proprietary brands such as Maui and Airwalk.
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