JAKKS Pacific (NASDAQ:JAKK) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.80 and traded as high as $22.76. JAKKS Pacific shares last traded at $22.18, with a volume of 29,878 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JAKK. Zacks Research downgraded JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Weiss Ratings restated a “hold (c-)” rating on shares of JAKKS Pacific in a report on Monday, June 1st. Finally, Wall Street Zen upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, JAKKS Pacific presently has a consensus rating of “Reduce”.

JAKKS Pacific Stock Down 1.4%

The stock has a 50 day moving average price of $22.03 and a two-hundred day moving average price of $19.80. The firm has a market cap of $253.74 million, a PE ratio of 32.15 and a beta of 1.47.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Thursday, April 30th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.27. The firm had revenue of $106.68 million for the quarter, compared to analyst estimates of $103.80 million. JAKKS Pacific had a return on equity of 3.26% and a net margin of 1.41%. As a group, equities analysts anticipate that JAKKS Pacific, Inc. will post 1.42 earnings per share for the current year.

JAKKS Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, May 29th. JAKKS Pacific’s dividend payout ratio is presently 144.93%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Gate City Capital Management LLC grew its holdings in JAKKS Pacific by 47.6% in the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after buying an additional 252,337 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of JAKKS Pacific by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 569,538 shares of the company’s stock worth $11,344,000 after purchasing an additional 5,153 shares during the period. Vanguard Group Inc. grew its holdings in shares of JAKKS Pacific by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 503,846 shares of the company’s stock worth $9,437,000 after purchasing an additional 22,844 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in shares of JAKKS Pacific by 19.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock worth $6,858,000 after purchasing an additional 65,156 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of JAKKS Pacific during the 3rd quarter worth $6,812,000. 44.38% of the stock is owned by institutional investors and hedge funds.

About JAKKS Pacific

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.