JAKKS Pacific (NASDAQ:JAKK) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

JAKKS Pacific, Inc. (NASDAQ:JAKK) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.78 and traded as high as $19.13. JAKKS Pacific shares last traded at $18.69, with a volume of 120,709 shares.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JAKK. Weiss Ratings reiterated a “hold (c-)” rating on shares of JAKKS Pacific in a report on Wednesday, October 8th. Zacks Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Wall Street Zen raised shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

JAKKS Pacific Stock Performance

The firm has a market cap of $210.64 million, a price-to-earnings ratio of 38.14 and a beta of 1.49. The firm’s 50 day moving average is $17.33 and its 200-day moving average is $17.78.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Friday, October 31st. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $3.14 by ($1.40). JAKKS Pacific had a return on equity of 1.87% and a net margin of 1.06%.The business had revenue of $211.21 million for the quarter, compared to analyst estimates of $228.24 million. As a group, research analysts predict that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

Institutional Investors Weigh In On JAKKS Pacific

A number of large investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC acquired a new position in JAKKS Pacific during the third quarter valued at approximately $6,812,000. Gratia Capital LLC bought a new stake in shares of JAKKS Pacific during the 2nd quarter worth $3,116,000. Ameriprise Financial Inc. boosted its holdings 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 worth $1,958,000 after buying an additional 68,128 shares during the period. AQR Capital Management LLC grew its stake in JAKKS Pacific by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock valued at $3,470,000 after buying an additional 56,873 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in JAKKS Pacific by 74.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 118,411 shares of the company’s stock worth $2,461,000 after acquiring an additional 50,344 shares during the period. 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.