JAKKS Pacific (NASDAQ:JAKK) Downgraded to Hold at StockNews.com

StockNews.com cut shares of JAKKS Pacific (NASDAQ:JAKK) from a buy rating to a hold rating in a report released on Friday.

A number of other analysts have also issued reports on the company. TheStreet lowered JAKKS Pacific from a b rating to a c+ rating in a research note on Friday, March 1st. Ascendiant Capital Markets lowered 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.

JAKKS Pacific Price Performance

Shares of NASDAQ:JAKK opened at $19.08 on Friday. The business’s 50 day moving average price is $25.26 and its 200-day moving average price is $27.83. The firm has a market capitalization of $206.06 million, a PE ratio of 7.01 and a beta of 2.34. JAKKS Pacific has a 1 year low of $15.30 and a 1 year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Wednesday, April 24th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.91). The firm had revenue of $90.08 million during the quarter, compared to analyst estimates of $104.12 million. JAKKS Pacific had a return on equity of 18.85% and a net margin of 4.29%. As a group, analysts expect that JAKKS Pacific will post 3.89 earnings per share for the current year.

Hedge Funds Weigh In On JAKKS Pacific

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in JAKKS Pacific during the third quarter worth approximately $86,000. SG Americas Securities LLC purchased a new position in JAKKS Pacific during the fourth quarter worth approximately $192,000. Russell Investments Group Ltd. raised its position in JAKKS Pacific by 37.1% in the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock valued at $196,000 after purchasing an additional 1,494 shares during the period. Denali Advisors LLC purchased a new stake in JAKKS Pacific in the fourth quarter valued at $203,000. Finally, Lynch Asset Management Inc. purchased a new stake in JAKKS Pacific in the fourth quarter valued at $258,000. Hedge funds and other institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

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.