JAKKS Pacific (NASDAQ:JAKK) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a strong sell rating to a hold rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen upgraded JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of JAKKS Pacific in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

JAKKS Pacific Price Performance

Shares of JAKKS Pacific stock opened at $17.22 on Thursday. JAKKS Pacific has a 1 year low of $14.86 and a 1 year high of $35.79. The firm has a market cap of $194.07 million, a PE ratio of 35.14 and a beta of 1.49. The company has a 50 day simple moving average of $16.73 and a two-hundred day simple moving average of $18.04.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Friday, October 31st. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($1.40). JAKKS Pacific had a net margin of 1.06% and a return on equity of 1.87%. The company had revenue of $211.21 million for the quarter, compared to analysts’ expectations of $228.24 million. As a group, research analysts anticipate that JAKKS Pacific will post 3.52 earnings per share for the current year.

JAKKS Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, November 28th were issued a $0.25 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.00 annualized dividend and a dividend yield of 5.8%. JAKKS Pacific’s payout ratio is currently 204.08%.

Hedge Funds Weigh In On JAKKS Pacific

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. bought a new stake in JAKKS Pacific in the third quarter valued at approximately $25,000. EMC Capital Management purchased a new position in shares of JAKKS Pacific in the second quarter worth $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of JAKKS Pacific in the third quarter worth $46,000. Quarry LP bought a new stake in JAKKS Pacific during the 3rd quarter valued at $51,000. Finally, BNP Paribas Financial Markets boosted its position in 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.

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.