JAKKS Pacific (NASDAQ:JAKK) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a buy rating to a strong-buy rating in a research note released on Sunday.

Other research analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Zacks Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

JAKKS Pacific Stock Performance

Shares of JAKK stock opened at $25.48 on Friday. JAKKS Pacific has a fifty-two week low of $14.86 and a fifty-two week high of $27.22. The firm has a market capitalization of $291.49 million, a price-to-earnings ratio of 18.33 and a beta of 1.41. The stock’s 50-day simple moving average is $24.15 and its 200-day simple moving average is $22.09.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.31. The firm had revenue of $139.24 million during the quarter, compared to analyst estimates of $123.01 million. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%. As a group, equities analysts forecast that JAKKS Pacific will post 1.38 earnings per share for the current year.

JAKKS Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, August 28th. JAKKS Pacific’s dividend payout ratio (DPR) is presently 71.94%.

Institutional Investors Weigh In On JAKKS Pacific

Institutional investors and hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL raised its position in JAKKS Pacific by 79.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 104,983 shares of the company’s stock worth $2,091,000 after buying an additional 46,322 shares during the last quarter. Gabelli Funds LLC lifted its stake in JAKKS Pacific by 46.1% during the 1st quarter. Gabelli Funds LLC now owns 188,492 shares of the company’s stock valued at $3,755,000 after acquiring an additional 59,473 shares during the period. Donald Smith & CO. Inc. purchased a new stake in shares of JAKKS Pacific in the 2nd quarter valued at $4,784,000. Pacific Ridge Capital Partners LLC boosted its holdings in shares of JAKKS Pacific by 19.1% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock valued at $6,858,000 after acquiring an additional 65,156 shares during the last quarter. Finally, Gate City Capital Management LLC increased its stake in shares of JAKKS Pacific by 47.6% in the fourth quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock worth $13,212,000 after acquiring an additional 252,337 shares during the period. Institutional investors and hedge funds 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.