JAKKS Pacific (NASDAQ:JAKK) Upgraded at StockNews.com

StockNews.com upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

Separately, Ascendiant Capital Markets cut their price target on JAKKS Pacific from $41.00 to $38.00 and set a buy rating for the company in a report on Monday, April 1st.

JAKKS Pacific Stock Performance

Shares of NASDAQ:JAKK opened at $19.07 on Tuesday. The stock’s 50-day moving average is $18.38 and its 200-day moving average is $24.38. JAKKS Pacific has a 52-week low of $15.30 and a 52-week high of $36.84. The company has a market cap of $205.96 million, a P/E ratio of 7.01 and a beta of 2.37.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Wednesday, April 24th. The company reported ($1.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.91). JAKKS Pacific had a return on equity of 18.86% and a net margin of 4.29%. The business had revenue of $90.08 million for the quarter, compared to analyst estimates of $104.12 million. As a group, equities analysts predict that JAKKS Pacific will post 2.65 EPS for the current year.

Insider Activity at JAKKS Pacific

In other news, major shareholder Lawrence I. Rosen bought 10,088 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average cost of $17.58 per share, for a total transaction of $177,347.04. Following the completion of the purchase, the insider now owns 1,885,672 shares of the company’s stock, valued at approximately $33,150,113.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of JAKKS Pacific

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in JAKKS Pacific by 2.9% in the first quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock worth $9,272,000 after purchasing an additional 10,746 shares during the period. LSV Asset Management boosted its holdings in JAKKS Pacific by 40.3% during the first quarter. LSV Asset Management now owns 212,380 shares of the company’s stock worth $5,246,000 after buying an additional 60,977 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in JAKKS Pacific by 56.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 119,667 shares of the company’s stock worth $4,254,000 after buying an additional 43,009 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in JAKKS Pacific by 35.7% during the first quarter. Hillsdale Investment Management Inc. now owns 98,518 shares of the company’s stock worth $2,433,000 after buying an additional 25,900 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in JAKKS Pacific by 7.8% during the first quarter. Empowered Funds LLC now owns 48,133 shares of the company’s stock worth $1,189,000 after buying an additional 3,500 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.