JAKKS Pacific (NASDAQ:JAKK) Raised to Hold at Zacks Research

JAKKS Pacific (NASDAQ:JAKK) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

JAKK has been the subject of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of JAKKS Pacific in a research note on Friday, September 11th. Wall Street Zen upgraded JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

JAKKS Pacific Stock Up 1.2%

Shares of JAKK stock opened at $28.08 on Monday. The company’s fifty day simple moving average is $25.43 and its 200-day simple moving average is $23.56. The firm has a market cap of $321.24 million, a PE ratio of 20.20 and a beta of 1.32. JAKKS Pacific has a 12 month low of $14.86 and a 12 month high of $28.60.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, July 23rd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.31. The business had revenue of $139.24 million during the quarter, compared to analysts’ expectations of $123.01 million. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%. On average, equities analysts predict that JAKKS Pacific will post 1.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JAKKS Pacific

A number of institutional investors have recently added to or reduced their stakes in JAKK. Bank of New York Mellon Corp bought a new position in shares of JAKKS Pacific in the 2nd quarter valued at about $988,000. Donald Smith & CO. Inc. acquired a new position in shares of JAKKS Pacific during the 2nd quarter worth about $4,784,000. Gabelli Funds LLC increased its stake in shares of JAKKS Pacific by 46.1% during the 1st quarter. Gabelli Funds LLC now owns 188,492 shares of the company’s stock worth $3,755,000 after purchasing an additional 59,473 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of JAKKS Pacific by 79.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 104,983 shares of the company’s stock valued at $2,091,000 after purchasing an additional 46,322 shares during the period. Finally, Gate City Capital Management LLC raised its holdings in shares of JAKKS Pacific by 47.6% in the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after purchasing an additional 252,337 shares during the period. 44.38% of the stock is currently owned by institutional investors and hedge funds.

About JAKKS Pacific

JAKKS Pacific, Inc is a toy and consumer products company that develops, manufactures and markets toys, games and related products for children and families. Its portfolio includes action figures, dolls, vehicles, playsets, role-play and dress-up products, plush toys, preschool items, games, and seasonal and outdoor products.

The company sells products under its own brands and through licensing and entertainment partnerships. Its offerings have included products based on well-known movie, television, video game and character properties, as well as proprietary brands such as Maui and Airwalk.