JAKKS Pacific (NASDAQ:JAKK) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a buy rating to a strong-buy rating in a research report report published on Saturday.

JAKK has been the topic of several other reports. Zacks Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 15th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, JAKKS Pacific presently has an average rating of “Hold”.

JAKKS Pacific Stock Down 0.2%

JAKKS Pacific stock opened at $26.33 on Friday. The company has a market cap of $301.22 million, a price-to-earnings ratio of 18.94 and a beta of 1.44. The firm’s fifty day moving average is $23.11 and its 200 day moving average is $21.37. JAKKS Pacific has a 52-week low of $14.86 and a 52-week high of $26.82.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.27. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%. The business had revenue of $106.68 million during the quarter, compared to analyst estimates of $103.80 million. On average, equities research analysts anticipate that JAKKS Pacific will post 1.53 earnings per share for the current fiscal year.

JAKKS Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 28th will be given a $0.25 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. JAKKS Pacific’s dividend payout ratio (DPR) is currently 71.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in JAKKS Pacific during the fourth quarter valued at $32,000. Royal Bank of Canada lifted its holdings in shares of JAKKS Pacific by 543.6% in the 1st quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock worth $41,000 after acquiring an additional 1,745 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of JAKKS Pacific in the 3rd quarter worth about $46,000. Quarry LP purchased a new position in shares of JAKKS Pacific during the 3rd quarter worth about $51,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of JAKKS Pacific by 155.8% during the 2nd 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. 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.