JAKKS Pacific (NASDAQ:JAKK) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Analyst Ratings Changes

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

JAKKS Pacific Trading Up 2.9%

The business has a 50 day moving average of $22.34 and a 200-day moving average of $20.59. The stock has a market cap of $260.03 million, a PE ratio of 32.94 and a beta of 1.44.

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

JAKKS Pacific Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in JAKKS Pacific in the fourth quarter valued at $32,000. Royal Bank of Canada boosted its stake in shares of JAKKS Pacific by 543.6% during the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock worth $41,000 after buying an additional 1,745 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of JAKKS Pacific during the third quarter worth about $46,000. Quarry LP purchased a new position in shares of JAKKS Pacific during the third quarter worth about $51,000. Finally, BNP Paribas Financial Markets increased 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 acquiring an additional 1,871 shares during the period. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Company Profile

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.