JAKKS Pacific (NASDAQ:JAKK) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.70 and traded as high as $24.57. JAKKS Pacific shares last traded at $24.44, with a volume of 54,313 shares changing hands.

Analyst Ratings Changes

JAKK has been the topic of a number of research reports. Weiss Ratings upgraded JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Wall Street Zen upgraded JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Finally, Zacks Research raised JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

JAKKS Pacific Price Performance

The company’s 50 day moving average price is $24.75 and its 200 day moving average price is $22.75. The firm has a market cap of $272.16 million, a PE ratio of 17.12 and a beta of 1.39.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.31. The firm 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%. Sell-side analysts expect that JAKKS Pacific, Inc. will post 1.38 earnings per share for the current fiscal year.

JAKKS Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.2%. JAKKS Pacific’s dividend payout ratio is currently 71.94%.

Institutional Trading of JAKKS Pacific

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in JAKKS Pacific during the 3rd quarter worth about $46,000. Quarry LP purchased a new stake in JAKKS Pacific during the 3rd quarter worth about $51,000. BNP Paribas Financial Markets raised its position in JAKKS Pacific by 155.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after purchasing an additional 1,871 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in JAKKS Pacific by 507.2% in the 2nd quarter. California State Teachers Retirement System now owns 2,957 shares of the company’s stock valued at $69,000 after purchasing an additional 2,470 shares in the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

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.