JAKKS Pacific (NASDAQ:JAKK) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of JAKKS Pacific (NASDAQ:JAKK) from a hold rating to a sell rating in a research report report published on Saturday morning.

JAKK has been the topic of several other research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of JAKKS Pacific in a report on Wednesday, October 8th. Zacks Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

JAKKS Pacific Stock Performance

JAKKS Pacific stock opened at $16.76 on Friday. The company has a market cap of $187.80 million, a P/E ratio of 4.94 and a beta of 1.36. JAKKS Pacific has a one year low of $15.50 and a one year high of $35.79. The business has a fifty day moving average of $18.31 and a two-hundred day moving average of $19.16.

JAKKS Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 28th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.00 annualized dividend and a dividend yield of 6.0%. JAKKS Pacific’s dividend payout ratio (DPR) is 204.08%.

Institutional Trading of JAKKS Pacific

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of JAKKS Pacific in the 1st quarter worth $271,000. CWM LLC grew its stake in JAKKS Pacific by 464.0% in the first quarter. CWM LLC now owns 3,057 shares of the company’s stock valued at $75,000 after purchasing an additional 2,515 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of JAKKS Pacific by 169.7% in the 1st quarter. Victory Capital Management Inc. now owns 38,750 shares of the company’s stock valued at $956,000 after acquiring an additional 24,384 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of JAKKS Pacific during the 1st quarter worth about $391,000. Finally, Banque Cantonale Vaudoise acquired a new position in JAKKS Pacific in the 1st quarter valued at approximately $306,000. Institutional investors own 44.38% of the company’s stock.

About JAKKS Pacific

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.