JAKKS Pacific (NASDAQ:JAKK) Stock Rating Upgraded by Wall Street Zen

JAKKS Pacific (NASDAQ:JAKK) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

Several other analysts have also recently issued reports on JAKK. Weiss Ratings upgraded JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Zacks Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, JAKKS Pacific currently has an average rating of “Hold”.

JAKKS Pacific Stock Performance

NASDAQ JAKK opened at $25.51 on Friday. The firm has a 50 day simple moving average of $24.22 and a 200-day simple moving average of $22.14. JAKKS Pacific has a one year low of $14.86 and a one year high of $27.22. The firm has a market cap of $291.96 million, a price-to-earnings ratio of 18.35 and a beta of 1.41.

JAKKS Pacific (NASDAQ:JAKK) last announced its 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 net margin of 2.77% and a return on equity of 4.33%. The firm had revenue of $139.24 million for the quarter, compared to the consensus estimate of $123.01 million. Equities analysts predict that JAKKS Pacific will post 1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On JAKKS Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JAKK. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of JAKKS Pacific in the 3rd quarter valued at about $6,812,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of JAKKS Pacific during the fourth quarter worth about $5,494,000. Gate City Capital Management LLC raised its stake in shares of JAKKS Pacific by 47.6% during the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock worth $13,212,000 after buying an additional 252,337 shares in the last quarter. Donald Smith & CO. Inc. purchased a new position in JAKKS Pacific in the second quarter worth $4,784,000. Finally, Gabelli Funds LLC acquired a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $2,178,000. 44.38% of the stock is owned by institutional investors and hedge funds.

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.