JAKKS Pacific (NASDAQ:JAKK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a buy rating to a strong-buy rating in a report issued on Sunday morning,Wall Street Zen reports.

Several other analysts have also recently commented on the company. Maxim Group raised their price target on JAKKS Pacific from $27.00 to $57.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Weiss Ratings raised JAKKS Pacific from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, October 28th. Finally, Zacks Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

JAKKS Pacific Stock Up 0.2%

Shares of NASDAQ:JAKK opened at $31.65 on Friday. JAKKS Pacific has a 52 week low of $14.86 and a 52 week high of $33.22. The company has a 50-day moving average price of $26.92 and a 200 day moving average price of $23.15. The company has a market cap of $364.61 million, a P/E ratio of 18.70 and a beta of 1.39.

JAKKS Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Friday, November 27th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $1.00 dividend on an annualized basis and a yield of 3.2%. JAKKS Pacific’s payout ratio is currently 46.95%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of JAKKS Pacific by 1.3% in the 1st quarter. Bank of America Corp DE now owns 37,962 shares of the company’s stock worth $756,000 after acquiring an additional 494 shares during the period. Allspring Global Investments Holdings LLC increased its stake in JAKKS Pacific by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,508 shares of the company’s stock valued at $249,000 after purchasing an additional 1,288 shares in the last quarter. Royal Bank of Canada raised its holdings in 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 purchasing an additional 1,745 shares during the last quarter. Corsair Capital Management L.P. raised its holdings in JAKKS Pacific by 20.3% during the first quarter. Corsair Capital Management L.P. now owns 23,970 shares of the company’s stock worth $477,000 after purchasing an additional 4,040 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in JAKKS Pacific by 34.4% during the first quarter. Sei Investments Co. now owns 17,960 shares of the company’s stock worth $358,000 after purchasing an additional 4,600 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 is a toy and consumer products company that develops, designs, produces and markets toys, games, seasonal products and related merchandise. Its product portfolio includes action figures, dolls, roleplay toys, dress-up and costume products, plush items, outdoor and sports toys, games, and other products for children and families.

The company markets products under its own brands, including Maui, Disguise and Moose Mountain, as well as through licensing and strategic partnerships with entertainment and consumer brands.