JAKKS Pacific (NASDAQ:JAKK) Raised to Buy at ValuEngine

ValuEngine upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a hold rating to a buy rating in a research note published on Monday, ValuEngine reports.

NASDAQ:JAKK opened at $1.00 on Monday. The company has a debt-to-equity ratio of 9.01, a quick ratio of 1.18 and a current ratio of 1.44. The company has a fifty day moving average of $1.00 and a two-hundred day moving average of $0.86. The stock has a market capitalization of $35.21 million, a PE ratio of -0.80 and a beta of 1.45. JAKKS Pacific has a fifty-two week low of $0.51 and a fifty-two week high of $2.12.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.48. The company had revenue of $280.13 million during the quarter, compared to analysts’ expectations of $280.50 million. JAKKS Pacific had a negative net margin of 6.66% and a negative return on equity of 83.08%. Research analysts forecast that JAKKS Pacific will post -1.53 earnings per share for the current year.

A hedge fund recently raised its stake in JAKKS Pacific stock. Bank of America Corp DE grew its holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 65.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,592,655 shares of the company’s stock after buying an additional 1,021,015 shares during the period. Bank of America Corp DE owned 9.71% of JAKKS Pacific worth $1,815,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 31.34% of the company’s stock.

About JAKKS Pacific

JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates through three segments: U.S. and Canada, International, and Halloween. It 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, inflatable environments, tents, and wagons.

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