JAKKS Pacific (NASDAQ:JAKK) Stock Rating Upgraded by Small Cap Consu

JAKKS Pacific (NASDAQ:JAKK) was upgraded by research analysts at Small Cap Consu to a “strong-buy” rating in a research report issued on Tuesday, Zacks.com reports.

A number of other analysts also recently weighed in on JAKK. Ascendiant Capital Markets decreased their price target on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Tuesday.

JAKKS Pacific Stock Down 1.5 %

JAKK opened at $19.26 on Tuesday. JAKKS Pacific has a 52 week low of $15.30 and a 52 week high of $36.84. The business has a 50 day moving average price of $18.37 and a two-hundred day moving average price of $24.41. The company has a market cap of $208.01 million, a PE ratio of 7.08 and a beta of 2.37.

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

Insider Transactions at JAKKS Pacific

In other news, major shareholder Lawrence I. Rosen bought 10,088 shares of the stock in a transaction on Friday, June 21st. The shares were bought at an average price of $17.58 per share, with a total value 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 $33,150,113.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of JAKKS Pacific

Institutional investors and hedge funds have recently made changes to their positions in the stock. Simplicity Wealth LLC raised its position in shares of JAKKS Pacific by 10.1% in the second quarter. Simplicity Wealth LLC now owns 20,506 shares of the company’s stock valued at $367,000 after buying an additional 1,888 shares during the last quarter. Lazard Asset Management LLC grew its stake in JAKKS Pacific by 13.0% in the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after acquiring an additional 1,020 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in JAKKS Pacific by 32.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 31,718 shares of the company’s stock valued at $783,000 after acquiring an additional 7,708 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of JAKKS Pacific by 35.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 98,518 shares of the company’s stock worth $2,433,000 after purchasing an additional 25,900 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of JAKKS Pacific by 2.9% during 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 last quarter. 44.38% of the stock is currently owned by hedge funds and other 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.