JAKKS Pacific (NASDAQ:JAKK) Upgraded to Buy at StockNews.com

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Friday.

JAKK has been the topic of a number of other research reports. Small Cap Consu upgraded shares of JAKKS Pacific to a "strong-buy" rating in a report on Tuesday, July 16th. Maxim Group initiated coverage on JAKKS Pacific in a report on Monday, August 26th. They issued a "buy" rating and a $46.00 target price on the stock. Finally, B. Riley increased their target price on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a "buy" rating in a research report on Thursday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $41.67.

JAKKS Pacific Stock Down 5.1 %

Shares of NASDAQ:JAKK traded down $1.62 during midday trading on Friday, reaching $29.93. The company's stock had a trading volume of 168,146 shares, compared to its average volume of 101,271. The firm has a market cap of $328.93 million, a price-to-earnings ratio of 11.00 and a beta of 2.34. The business has a 50 day moving average price of $25.35 and a 200 day moving average price of $21.58. JAKKS Pacific has a 1 year low of $17.06 and a 1 year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, beating the consensus estimate of $3.24 by $1.36. JAKKS Pacific had a return on equity of 16.44% and a net margin of 4.87%. The company had revenue of $321.61 million during the quarter, compared to analysts' expectations of $303.44 million. Sell-side analysts anticipate that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JAKKS Pacific

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew 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 buying an additional 116,519 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 acquiring an additional 102,155 shares in the last quarter. LSV Asset Management increased its position in shares of JAKKS Pacific by 40.3% in the 1st quarter. LSV Asset Management now owns 212,380 shares of the company's stock worth $5,246,000 after purchasing an additional 60,977 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of JAKKS Pacific by 34.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company's stock valued at $2,733,000 after purchasing an additional 38,818 shares in the last quarter. Finally, Creative Planning bought a new position in shares of JAKKS Pacific during the second quarter worth about $527,000. 44.38% of the stock is owned by institutional investors and hedge funds.

About JAKKS Pacific

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.

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