JAKKS Pacific (NASDAQ:JAKK) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.07 and traded as high as $22.86. JAKKS Pacific shares last traded at $22.80, with a volume of 55,467 shares traded.

Analyst Ratings Changes

A number of research firms have issued reports on JAKK. Weiss Ratings upgraded JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Zacks Research downgraded JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

JAKKS Pacific Price Performance

The company has a market capitalization of $260.83 million, a P/E ratio of 33.04 and a beta of 1.47. The firm has a fifty day moving average price of $22.13 and a 200-day moving average price of $20.07.

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

JAKKS Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, May 29th. JAKKS Pacific’s payout ratio is currently 144.93%.

Hedge Funds Weigh In On JAKKS Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC purchased a new position in JAKKS Pacific during the third quarter worth about $6,812,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of JAKKS Pacific in the 4th quarter worth about $5,494,000. Gate City Capital Management LLC boosted its holdings in shares of JAKKS Pacific by 47.6% in the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock worth $13,212,000 after purchasing an additional 252,337 shares in the last quarter. Gabelli Funds LLC bought a new position in shares of JAKKS Pacific during the 4th quarter valued at about $2,178,000. Finally, Ameriprise Financial Inc. increased its position in shares of JAKKS Pacific by 187.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 104,518 shares of the company’s stock valued at $1,958,000 after purchasing an additional 68,128 shares during the last quarter. Institutional investors own 44.38% of the company’s stock.

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.