JAKKS Pacific (NASDAQ:JAKK) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.59 and traded as high as $22.87. JAKKS Pacific shares last traded at $22.73, with a volume of 44,326 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JAKK. Zacks Research lowered shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

JAKKS Pacific Trading Up 2.9%

The stock’s fifty day moving average price is $22.34 and its 200 day moving average price is $20.59. The stock has a market cap of $260.03 million, a P/E ratio of 32.94 and a beta of 1.44.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. The company had revenue of $106.68 million during the quarter, compared to analyst estimates of $103.80 million. As a group, sell-side analysts forecast that JAKKS Pacific, Inc. will post 1.42 earnings per share for the current year.

JAKKS Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, May 29th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, May 29th. JAKKS Pacific’s dividend payout ratio is 144.93%.

Hedge Funds Weigh In On JAKKS Pacific

Several large investors have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of JAKKS Pacific in the 3rd quarter worth approximately $6,812,000. Thompson Siegel & Walmsley LLC bought a new position in JAKKS Pacific during the 4th quarter valued at approximately $5,494,000. Gate City Capital Management LLC increased its position in JAKKS Pacific by 47.6% during the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after buying an additional 252,337 shares in the last quarter. Gabelli Funds LLC bought a new position in JAKKS Pacific during the 4th quarter valued at approximately $2,178,000. Finally, Ameriprise Financial Inc. raised its stake in JAKKS Pacific by 187.2% during the third quarter. Ameriprise Financial Inc. now owns 104,518 shares of the company’s stock valued at $1,958,000 after buying an additional 68,128 shares during the last quarter. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

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.