Brokerages Set JAKKS Pacific, Inc. (NASDAQ:JAKK) PT at $41.67

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) have earned a consensus rating of "Buy" from the four research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $41.67.

JAKK has been the subject of a number of analyst reports. StockNews.com raised JAKKS Pacific from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Maxim Group started coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They issued a "buy" rating and a $46.00 target price for the company. B. Riley raised their price target on shares of JAKKS Pacific from $37.00 to $41.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Small Cap Consu upgraded shares of JAKKS Pacific to a "strong-buy" rating in a research report on Tuesday, July 16th.

Institutional Investors Weigh In On JAKKS Pacific

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in JAKKS Pacific by 29.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company's stock worth $7,961,000 after buying an additional 102,155 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of JAKKS Pacific by 2.9% in the first quarter. Vanguard Group Inc. now owns 375,395 shares of the company's stock worth $9,272,000 after acquiring an additional 10,746 shares during the last quarter. AQR Capital Management LLC increased its position in shares of JAKKS Pacific by 75.9% during the second quarter. AQR Capital Management LLC now owns 269,948 shares of the company's stock worth $4,835,000 after purchasing an additional 116,519 shares in the last quarter. LSV Asset Management raised its stake in JAKKS Pacific by 40.3% in the 1st quarter. LSV Asset Management now owns 212,380 shares of the company's stock valued at $5,246,000 after purchasing an additional 60,977 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in JAKKS Pacific by 16.3% in the 2nd quarter. American Century Companies Inc. now owns 192,957 shares of the company's stock valued at $3,456,000 after purchasing an additional 27,046 shares in the last quarter. Hedge funds and other institutional investors own 44.38% of the company's stock.

JAKKS Pacific Stock Down 1.4 %

Shares of NASDAQ:JAKK traded down $0.44 during midday trading on Wednesday, reaching $29.97. The company's stock had a trading volume of 241,236 shares, compared to its average volume of 92,622. The firm has a market capitalization of $329.37 million, a PE ratio of 11.02 and a beta of 2.31. The stock has a fifty day moving average of $25.73 and a 200 day moving average of $21.74. JAKKS Pacific has a twelve month low of $17.06 and a twelve month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, topping the consensus estimate of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The company had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. Sell-side analysts anticipate 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.