JAKKS Pacific (NASDAQ:JAKK) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other research firms have also weighed in on JAKK. 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. Wall Street Zen upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, JAKKS Pacific presently has an average rating of “Hold”.

JAKKS Pacific Trading Up 0.7%

JAKKS Pacific stock opened at $22.80 on Monday. The stock has a market cap of $260.83 million, a PE ratio of 33.04 and a beta of 1.44. The stock has a 50-day moving average price of $22.36 and a 200 day moving average price of $20.70. JAKKS Pacific has a 52 week low of $14.86 and a 52 week high of $24.45.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. The firm had revenue of $106.68 million during the quarter, compared to the consensus estimate of $103.80 million. On average, equities analysts predict that JAKKS Pacific will post 1.42 EPS for the current year.

JAKKS Pacific Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of JAKKS Pacific in the fourth quarter worth approximately $32,000. Royal Bank of Canada grew its holdings in JAKKS Pacific by 543.6% in the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock valued at $41,000 after purchasing an additional 1,745 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in JAKKS Pacific during the third quarter worth approximately $46,000. Quarry LP acquired a new position in JAKKS Pacific during the third quarter worth approximately $51,000. Finally, BNP Paribas Financial Markets raised its stake in JAKKS Pacific by 155.8% during the second quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock worth $64,000 after purchasing an additional 1,871 shares during the period. Institutional investors and hedge funds own 44.38% of the company’s stock.

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.