JAKKS Pacific (NASDAQ:JAKK) Lowered to Strong Sell Rating by Zacks Research

JAKKS Pacific (NASDAQ:JAKK) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports. Zacks Research also issued estimates for JAKKS Pacific’s Q3 2027 earnings at $2.19 EPS and FY2028 earnings at $2.82 EPS.

JAKK has been the subject of a number of other reports. Weiss Ratings reissued a “hold (c)” rating on shares of JAKKS Pacific in a research note on Friday, September 11th. Wall Street Zen raised JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

JAKKS Pacific Stock Down 1.6%

Shares of JAKK stock opened at $24.42 on Tuesday. The company’s fifty day simple moving average is $25.05 and its two-hundred day simple moving average is $22.92. JAKKS Pacific has a 52 week low of $14.86 and a 52 week high of $27.22. The stock has a market cap of $279.36 million, a P/E ratio of 17.57 and a beta of 1.39.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.31. JAKKS Pacific had a return on equity of 4.33% and a net margin of 2.77%.The firm had revenue of $139.24 million during the quarter, compared to analyst estimates of $123.01 million. On average, analysts anticipate that JAKKS Pacific will post 1.38 EPS for the current fiscal year.

Institutional Trading of JAKKS Pacific

Hedge funds have recently made changes to their positions in the business. Donald Smith & CO. Inc. bought a new position in shares of JAKKS Pacific in the 2nd quarter valued at about $4,784,000. Bank of New York Mellon Corp purchased a new position in JAKKS Pacific in the second quarter worth about $988,000. Bank of America Corp DE grew its position 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 worth $756,000 after acquiring an additional 494 shares in the last quarter. Royal Bank of Canada increased its stake in JAKKS Pacific by 543.6% during the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock worth $41,000 after acquiring an additional 1,745 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in JAKKS Pacific by 9.5% during the first quarter. Empowered Funds LLC now owns 64,318 shares of the company’s stock worth $1,281,000 after acquiring an additional 5,577 shares during the last quarter. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

About JAKKS Pacific

JAKKS Pacific, Inc is a toy and consumer products company that designs, develops, produces and markets toys and related products for children and families. Its portfolio includes action figures, dolls, role-play products, vehicles, games, electronics, outdoor products and seasonal merchandise.

The company develops products under its own brands and through licenses based on entertainment, character and video game properties. Its portfolio has included brands such as Maui, Airwalk and Disguise, along with licensed products associated with properties from companies including Disney and Nintendo.