JAKKS Pacific, Inc. (NASDAQ:JAKK – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $23.43 and traded as high as $28.60. JAKKS Pacific shares last traded at $28.23, with a volume of 127,023 shares.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Wall Street Zen raised JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Zacks Research downgraded JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of JAKKS Pacific in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.
Read Our Latest Report on JAKK
JAKKS Pacific Stock Performance
The stock has a market capitalization of $322.95 million, a P/E ratio of 20.31 and a beta of 1.32. The company’s 50-day moving average price is $25.35 and its 200 day moving average price is $23.43.
JAKKS Pacific (NASDAQ:JAKK – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.31. The company had revenue of $139.24 million during the quarter, compared to the consensus estimate of $123.01 million. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%. Analysts predict that JAKKS Pacific, Inc. will post 1.38 earnings per share for the current year.
JAKKS Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Friday, August 28th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 28th. This represents a $1.00 annualized dividend and a dividend yield of 3.5%. JAKKS Pacific’s dividend payout ratio (DPR) is currently 71.94%.
Institutional Trading of JAKKS Pacific
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gate City Capital Management LLC raised its position in shares of JAKKS Pacific by 47.6% during the fourth quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after buying an additional 252,337 shares during the last quarter. Donald Smith & CO. Inc. purchased a new position in shares of JAKKS Pacific in the second quarter worth $4,784,000. Gabelli Funds LLC boosted its position in shares of JAKKS Pacific by 46.1% during the first quarter. Gabelli Funds LLC now owns 188,492 shares of the company’s stock worth $3,755,000 after acquiring an additional 59,473 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of JAKKS Pacific during the fourth quarter worth $924,000. Finally, Gamco Investors INC. ET AL grew its stake in JAKKS Pacific by 79.0% during the first quarter. Gamco Investors INC. ET AL now owns 104,983 shares of the company’s stock valued at $2,091,000 after acquiring an additional 46,322 shares in the last quarter. Institutional investors own 44.38% of the company’s stock.
JAKKS Pacific Company Profile
JAKKS Pacific, Inc is a toy and consumer products company that develops, manufactures and markets toys, games and related products for children and families. Its portfolio includes action figures, dolls, vehicles, playsets, role-play and dress-up products, plush toys, preschool items, games, and seasonal and outdoor products.
The company sells products under its own brands and through licensing and entertainment partnerships. Its offerings have included products based on well-known movie, television, video game and character properties, as well as proprietary brands such as Maui and Airwalk.
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