JAKKS Pacific (NASDAQ:JAKK) Shares Cross Above 200-Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.36 and traded as high as $23.75. JAKKS Pacific shares last traded at $23.44, with a volume of 34,824 shares trading hands.

Analysts Set New Price Targets

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

JAKKS Pacific Trading Up 0.4%

The company’s fifty day simple moving average is $22.29 and its 200 day simple moving average is $20.36. The stock has a market capitalization of $268.15 million, a P/E ratio of 33.97 and a beta of 1.44.

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

JAKKS Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, May 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.00 annualized dividend and a dividend yield of 4.3%. JAKKS Pacific’s dividend payout ratio (DPR) is presently 144.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacific Ridge Capital Partners LLC raised its stake in JAKKS Pacific by 19.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock valued at $6,858,000 after purchasing an additional 65,156 shares in the last quarter. Gate City Capital Management LLC raised its position in shares of JAKKS Pacific by 47.6% during 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. Gamco Investors INC. ET AL purchased a new stake in shares of JAKKS Pacific during the 4th quarter valued at $990,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of JAKKS Pacific during the 4th quarter worth $5,494,000. Finally, Gabelli Funds LLC bought a new stake in shares of JAKKS Pacific during the 4th quarter worth $2,178,000. Hedge funds and other 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.