JAKKS Pacific, Inc. (NASDAQ:JAKK) Given Consensus Recommendation of “Buy” by Brokerages

JAKKS Pacific, Inc. (NASDAQ:JAKK) has earned a consensus rating of “Buy” from the four ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $41.67.

JAKK has been the topic of a number of analyst reports. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Maxim Group initiated coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They set a “buy” rating and a $46.00 price objective on the stock. Small Cap Consu upgraded shares of JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, B. Riley increased their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

Institutional Investors Weigh In On JAKKS Pacific

A number of hedge funds have recently made changes to their positions in JAKK. nVerses Capital LLC acquired a new stake in shares of JAKKS Pacific in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. boosted its stake in shares of JAKKS Pacific by 1,617.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after purchasing an additional 3,331 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of JAKKS Pacific by 13.0% in the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after purchasing an additional 1,020 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of JAKKS Pacific by 15.4% in the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after purchasing an additional 1,636 shares in the last quarter. Finally, Sei Investments Co. boosted its position in JAKKS Pacific by 50.9% during the 2nd quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after buying an additional 4,500 shares during the period. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Price Performance

Shares of JAKK opened at $30.41 on Wednesday. The firm has a market capitalization of $334.21 million, a PE ratio of 11.18 and a beta of 2.31. The company’s 50-day moving average is $25.61 and its 200-day moving average is $21.69. JAKKS Pacific has a fifty-two week low of $17.06 and a fifty-two week high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. The business had revenue of $321.61 million for the quarter, compared to analyst estimates of $303.44 million. Analysts predict that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company 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.