JAKKS Pacific (NASDAQ:JAKK) Stock Rating Upgraded by Zacks Research

JAKKS Pacific (NASDAQ:JAKK) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

JAKK has been the subject of a number of other research reports. Wall Street Zen upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings upgraded shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

JAKKS Pacific Stock Up 0.7%

Shares of JAKK opened at $22.80 on Monday. The company has a market capitalization of $260.83 million, a price-to-earnings ratio of 33.04 and a beta of 1.44. The stock has a 50 day moving average price of $22.36 and a 200 day moving average price of $20.70. JAKKS Pacific has a 52-week low of $14.86 and a 52-week high of $24.45.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.27. The business had revenue of $106.68 million during the quarter, compared to the consensus estimate of $103.80 million. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. On average, equities analysts anticipate that JAKKS Pacific will post 1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On JAKKS Pacific

Several hedge funds have recently bought and sold shares of JAKK. Bank of America Corp DE boosted its holdings in JAKKS Pacific by 1.3% in the first quarter. Bank of America Corp DE now owns 37,962 shares of the company’s stock valued at $756,000 after acquiring an additional 494 shares during the last quarter. Sandia Investment Management LP increased its stake in JAKKS Pacific by 6.4% during the second quarter. Sandia Investment Management LP now owns 11,011 shares of the company’s stock worth $229,000 after acquiring an additional 666 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in JAKKS Pacific by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,220 shares of the company’s stock worth $189,000 after acquiring an additional 982 shares during the last quarter. State of Wyoming raised its holdings in shares of JAKKS Pacific by 42.8% in the 4th quarter. State of Wyoming now owns 4,140 shares of the company’s stock worth $70,000 after purchasing an additional 1,240 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of JAKKS Pacific by 7.5% in the 2nd quarter. Invesco Ltd. now owns 22,241 shares of the company’s stock worth $462,000 after purchasing an additional 1,548 shares during the period. Hedge funds and other institutional investors own 44.38% of the company’s stock.

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.