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

by · The Markets Daily

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

Several other equities research analysts also recently weighed in on JAKK. Zacks Research raised 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 research report on Monday, June 15th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, JAKKS Pacific has an average rating of “Hold”.

Read Our Latest Stock Analysis on JAKK

JAKKS Pacific Price Performance

JAKK opened at $26.08 on Friday. The stock has a market capitalization of $298.36 million, a PE ratio of 18.76 and a beta of 1.41. The firm’s fifty day moving average price is $23.18 and its 200 day moving average price is $21.45. JAKKS Pacific has a 12-month low of $14.86 and a 12-month high of $27.22.

JAKKS Pacific Dividend Announcement

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

Institutional Investors Weigh In On JAKKS Pacific

Several large investors have recently added to or reduced their stakes in JAKK. AQR Capital Management LLC boosted its holdings in shares of JAKKS Pacific by 67.9% during the first quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock valued at $3,470,000 after acquiring an additional 56,873 shares during the period. Empowered Funds LLC lifted its position in JAKKS Pacific by 7.1% in the 1st quarter. Empowered Funds LLC now owns 61,228 shares of the company’s stock valued at $1,510,000 after purchasing an additional 4,071 shares during the last quarter. Geode Capital Management LLC lifted its position in JAKKS Pacific by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 217,187 shares of the company’s stock valued at $4,514,000 after purchasing an additional 11,469 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in JAKKS Pacific by 16.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 46,368 shares of the company’s stock valued at $964,000 after purchasing an additional 6,538 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in JAKKS Pacific by 155.3% during the 2nd quarter. Hsbc Holdings PLC now owns 23,480 shares of the company’s stock valued at $489,000 after purchasing an additional 14,284 shares during the period. 44.38% of the stock is owned by institutional investors and hedge funds.

JAKKS Pacific Company Profile

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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.

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