JAKKS Pacific, Inc. (NASDAQ:JAKK) Receives Average Rating of “Buy” from Brokerages

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have been given an average rating of “Buy” by the four analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $40.33.

Several research analysts recently commented on JAKK shares. Small Cap Consu upgraded shares of JAKKS Pacific to a “strong-buy” rating in a report on Tuesday, July 16th. B. Riley started coverage on shares of JAKKS Pacific in a report on Tuesday, September 17th. They issued a “buy” rating and a $37.00 price target on the stock. StockNews.com lowered shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Maxim Group started coverage on shares of JAKKS Pacific in a report on Monday, August 26th. They issued a “buy” rating and a $46.00 price target on the stock.

JAKKS Pacific Stock Performance

JAKK opened at $26.00 on Friday. The company’s 50 day simple moving average is $24.39 and its 200 day simple moving average is $21.28. JAKKS Pacific has a 1 year low of $15.30 and a 1 year high of $36.84. The stock has a market capitalization of $280.83 million, a PE ratio of 9.56 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.22). JAKKS Pacific had a return on equity of 14.36% and a net margin of 4.29%. The company had revenue of $148.62 million during the quarter, compared to analyst estimates of $162.42 million. As a group, sell-side analysts expect that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

Institutional Trading of JAKKS Pacific

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of JAKKS Pacific by 29.8% during the second quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock valued at $7,961,000 after purchasing an additional 102,155 shares during the period. Vanguard Group Inc. raised its stake in shares of JAKKS Pacific by 2.9% during the first quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock valued at $9,272,000 after purchasing an additional 10,746 shares during the period. AQR Capital Management LLC raised its stake in shares of JAKKS Pacific by 75.9% during the second quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock valued at $4,835,000 after purchasing an additional 116,519 shares during the period. LSV Asset Management raised its stake in shares of JAKKS Pacific by 40.3% during the first quarter. LSV Asset Management now owns 212,380 shares of the company’s stock valued at $5,246,000 after purchasing an additional 60,977 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of JAKKS Pacific by 16.3% during the second quarter. American Century Companies Inc. now owns 192,957 shares of the company’s stock valued at $3,456,000 after purchasing an additional 27,046 shares during the period. Hedge funds and other institutional investors 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.