JAKKS Pacific (NASDAQ:JAKK) Coverage Initiated at Maxim Group

Maxim Group started coverage on shares of JAKKS Pacific (NASDAQ:JAKK) in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $46.00 target price on the stock.

Several other equities research analysts have also recently weighed in on the stock. Small Cap Consu upgraded shares of JAKKS Pacific to a strong-buy rating in a research report on Tuesday, July 16th. StockNews.com cut shares of JAKKS Pacific from a buy rating to a hold rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, JAKKS Pacific currently has a consensus rating of Buy and a consensus target price of $42.00.

JAKKS Pacific Stock Performance

JAKK stock opened at $24.42 on Monday. The company has a fifty day moving average price of $20.30 and a 200-day moving average price of $22.04. The company has a market capitalization of $263.76 million, a P/E ratio of 8.98 and a beta of 2.37. JAKKS Pacific has a 52-week low of $15.30 and a 52-week high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.22). The business had revenue of $148.62 million for the quarter, compared to the consensus estimate of $162.42 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 14.36%. As a group, sell-side analysts forecast that JAKKS Pacific will post 2.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Lawrence I. Rosen purchased 10,088 shares of JAKKS Pacific stock in a transaction 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 acquisition, 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 filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On JAKKS Pacific

Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC grew its holdings in shares of JAKKS Pacific by 13.0% during the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after buying an additional 1,020 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of JAKKS Pacific by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 64,296 shares of the company’s stock valued at $1,152,000 after buying an additional 1,363 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of JAKKS Pacific during the second quarter valued at about $25,000. Russell Investments Group Ltd. grew its holdings in shares of JAKKS Pacific by 37.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock valued at $196,000 after buying an additional 1,494 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of JAKKS Pacific by 15.4% during the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after buying an additional 1,636 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Company Profile

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.