JAKKS Pacific (NASDAQ:JAKK) Stock Rating Upgraded by Wall Street Zen

JAKKS Pacific (NASDAQ:JAKK) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

JAKK has been the topic of several other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of JAKKS Pacific in a report on Monday. Zacks Research cut JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

JAKKS Pacific Price Performance

NASDAQ:JAKK opened at $21.66 on Friday. JAKKS Pacific has a fifty-two week low of $14.86 and a fifty-two week high of $24.45. The stock has a market capitalization of $247.88 million, a PE ratio of 31.39 and a beta of 1.47. The business’s 50-day simple moving average is $21.76 and its 200-day simple moving average is $19.50.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.17) earnings per share 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 business had revenue of $106.68 million for the quarter, compared to analysts’ expectations of $103.80 million. On average, research analysts expect that JAKKS Pacific will post 1.42 earnings per share for the current year.

Institutional Trading of JAKKS Pacific

A number of institutional investors have recently made changes to their positions in JAKK. AQR Capital Management LLC boosted its holdings in JAKKS Pacific by 67.9% during the first quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock worth $3,470,000 after purchasing an additional 56,873 shares during the last quarter. Empowered Funds LLC boosted its holdings in JAKKS Pacific by 7.1% during the first quarter. Empowered Funds LLC now owns 61,228 shares of the company’s stock worth $1,510,000 after purchasing an additional 4,071 shares during the last quarter. Geode Capital Management LLC boosted its holdings in JAKKS Pacific by 5.6% during the second quarter. Geode Capital Management LLC now owns 217,187 shares of the company’s stock worth $4,514,000 after purchasing an additional 11,469 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in JAKKS Pacific by 16.4% during the second quarter. JPMorgan Chase & Co. now owns 46,368 shares of the company’s stock worth $964,000 after purchasing an additional 6,538 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in JAKKS Pacific by 155.3% during the second quarter. Hsbc Holdings PLC now owns 23,480 shares of the company’s stock worth $489,000 after purchasing an additional 14,284 shares during the last quarter. 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.