JAKKS Pacific (NASDAQ:JAKK) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.38 and traded as high as $22.14. JAKKS Pacific shares last traded at $21.83, with a volume of 54,477 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on JAKK shares. Zacks Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

JAKKS Pacific Stock Down 1.2%

The stock has a market cap of $249.74 million, a PE ratio of 31.64 and a beta of 1.47. The business’s fifty day moving average is $21.64 and its 200 day moving average is $19.38.

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

JAKKS Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. JAKKS Pacific’s payout ratio is currently 144.93%.

Institutional Trading of JAKKS Pacific

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in JAKKS Pacific by 1.3% during the first quarter. Bank of America Corp DE now owns 37,962 shares of the company’s stock worth $756,000 after buying an additional 494 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of JAKKS Pacific by 543.6% in the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock valued at $41,000 after purchasing an additional 1,745 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of JAKKS Pacific by 9.5% in the first quarter. Empowered Funds LLC now owns 64,318 shares of the company’s stock valued at $1,281,000 after purchasing an additional 5,577 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of JAKKS Pacific by 63.4% in the first quarter. Quantinno Capital Management LP now owns 20,317 shares of the company’s stock valued at $405,000 after purchasing an additional 7,885 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of JAKKS Pacific in the first quarter valued at about $441,000. Hedge funds and other institutional investors own 44.38% of the company’s stock.

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.