JAKKS Pacific (NASDAQ:JAKK) Shares Cross Above 200 Day Moving Average – Time to Sell?

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.37 and traded as high as $21.11. JAKKS Pacific shares last traded at $21.01, with a volume of 70,133 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Wall Street Zen upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, JAKKS Pacific currently has an average rating of “Hold”.

JAKKS Pacific Price Performance

The firm has a market capitalization of $249.85 million, a P/E ratio of 25.69 and a beta of 1.65. The stock’s fifty day simple moving average is $19.80 and its 200 day simple moving average is $18.41.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Monday, March 2nd. The company reported ($0.46) earnings per share for the quarter. JAKKS Pacific had a return on equity of 3.85% and a net margin of 1.73%.The business had revenue of $127.11 million for the quarter. As a group, sell-side analysts forecast that JAKKS Pacific, Inc. will post 3.52 EPS for the current fiscal year.

JAKKS Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.6%. JAKKS Pacific’s payout ratio is presently 117.65%.

Institutional Investors Weigh In On JAKKS Pacific

A number of large investors have recently modified their holdings of the business. Gate City Capital Management LLC grew its stake 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 worth $13,212,000 after acquiring an additional 252,337 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of JAKKS Pacific by 4.7% during the third quarter. Vanguard Group Inc. now owns 503,846 shares of the company’s stock worth $9,437,000 after acquiring an additional 22,844 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of JAKKS Pacific by 19.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock worth $6,858,000 after acquiring an additional 65,156 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of JAKKS Pacific during the third quarter worth about $6,812,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of JAKKS Pacific during the fourth quarter worth about $5,494,000. Hedge funds and other institutional investors own 44.38% of the company’s stock.

About JAKKS Pacific

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.