JAKKS Pacific (NASDAQ:JAKK) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.25 and traded as high as $20.87. JAKKS Pacific shares last traded at $20.02, with a volume of 68,366 shares traded.

Analysts Set New Price Targets

JAKK has been the topic of a number of research reports. Zacks Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Wall Street Zen upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, JAKKS Pacific currently has a consensus rating of “Hold”.

JAKKS Pacific Stock Down 1.8%

The stock has a 50 day moving average of $19.55 and a 200 day moving average of $18.25. The company has a market capitalization of $229.03 million, a price-to-earnings ratio of 23.55 and a beta of 1.58.

JAKKS Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, February 27th. This represents a $1.00 annualized dividend and a yield of 5.0%. JAKKS Pacific’s dividend payout ratio (DPR) is presently 117.65%.

Institutional Investors Weigh In On JAKKS Pacific

A number of institutional investors have recently modified their holdings of JAKK. Hotchkis & Wiley Capital Management LLC bought a new position in JAKKS Pacific during the third quarter worth $6,812,000. Thompson Siegel & Walmsley LLC acquired a new position in JAKKS Pacific in the fourth quarter valued at $5,494,000. Gate City Capital Management LLC boosted its position in JAKKS Pacific by 47.6% during the fourth quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after acquiring an additional 252,337 shares during the last quarter. Gratia Capital LLC bought a new stake in JAKKS Pacific during the second quarter valued at $3,116,000. Finally, Gabelli Funds LLC acquired a new stake in JAKKS Pacific during the 4th quarter worth about $2,178,000. 44.38% of the stock is owned by institutional investors.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.