JAKKS Pacific, Inc. (JAKK) Receives Consensus Recommendation of “Hold” from Brokerages
JAKKS Pacific, Inc. (NASDAQ:JAKK) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.26.
A number of brokerages have recently weighed in on JAKK. BMO Capital Markets reissued a “hold” rating and set a $3.50 price objective on shares of JAKKS Pacific in a research note on Friday, October 6th. DA Davidson raised shares of JAKKS Pacific from an “underperform” rating to a “neutral” rating in a research note on Monday, October 30th. They noted that the move was a valuation call. Zacks Investment Research cut shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 31st. Stifel Nicolaus dropped their price objective on shares of JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating for the company in a research note on Monday, October 30th. Finally, ValuEngine cut shares of JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st.
JAKKS Pacific (NASDAQ:JAKK) opened at $2.75 on Thursday. JAKKS Pacific has a 1-year low of $2.40 and a 1-year high of $7.45. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.96 and a quick ratio of 1.54.
Several institutional investors and hedge funds have recently modified their holdings of the company. Daiwa Securities Group Inc. increased its stake in shares of JAKKS Pacific by 59.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock worth $2,703,000 after purchasing an additional 333,070 shares in the last quarter. Walthausen & Co. LLC grew its stake in JAKKS Pacific by 668.6% in the 3rd quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock worth $2,323,000 after acquiring an additional 673,560 shares during the period. California Public Employees Retirement System grew its stake in JAKKS Pacific by 0.6% in the 2nd quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock worth $875,000 after acquiring an additional 1,400 shares during the period. Goldman Sachs Group Inc. grew its stake in JAKKS Pacific by 273.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock worth $366,000 after acquiring an additional 67,020 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in JAKKS Pacific in the 2nd quarter worth approximately $318,000. 56.84% of the stock is owned by institutional investors and hedge funds.
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JAKKS Pacific Company Profile
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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