JAKKS Pacific (NASDAQ:JAKK) Downgraded by Zacks Research to “Strong Sell”

JAKKS Pacific (NASDAQ:JAKK) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages have also recently commented on JAKK. Weiss Ratings reissued a “hold (c-)” rating on shares of JAKKS Pacific in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, JAKKS Pacific currently has a consensus rating of “Reduce”.

JAKKS Pacific Price Performance

NASDAQ:JAKK opened at $16.44 on Wednesday. The firm’s 50-day moving average price is $17.77 and its 200-day moving average price is $18.80. The company has a market capitalization of $185.29 million, a PE ratio of 4.85 and a beta of 1.42. JAKKS Pacific has a 1-year low of $14.86 and a 1-year high of $35.79.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Friday, October 31st. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $3.14 by ($1.40). The business had revenue of $211.21 million for the quarter, compared to the consensus estimate of $228.24 million. JAKKS Pacific had a return on equity of 15.13% and a net margin of 5.62%. Equities analysts anticipate that JAKKS Pacific will post 3.52 EPS for the current fiscal year.

Institutional Investors Weigh In On JAKKS Pacific

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of JAKKS Pacific by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 503,846 shares of the company’s stock valued at $9,437,000 after purchasing an additional 22,844 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in JAKKS Pacific during the third quarter valued at approximately $6,812,000. Pacific Ridge Capital Partners LLC increased its holdings in JAKKS Pacific by 2.5% during the third quarter. Pacific Ridge Capital Partners LLC now owns 341,133 shares of the company’s stock valued at $6,389,000 after buying an additional 8,318 shares during the last quarter. Philosophy Capital Management LLC boosted its stake in shares of JAKKS Pacific by 3.5% during the 1st quarter. Philosophy Capital Management LLC now owns 332,594 shares of the company’s stock worth $8,205,000 after acquiring an additional 11,275 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of JAKKS Pacific by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 217,187 shares of the company’s stock worth $4,514,000 after acquiring an additional 11,469 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.