JAKKS Pacific (NASDAQ:JAKK) Stock Bumped Up to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a buy rating to a strong-buy rating in a report released on Sunday morning,Wall Street Zen reports.

A number of other equities research analysts also recently issued reports on JAKK. Maxim Group boosted their price target on shares of JAKKS Pacific from $27.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Zacks Research raised JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, Weiss Ratings raised shares of JAKKS Pacific from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

JAKKS Pacific Price Performance

NASDAQ:JAKK opened at $31.39 on Friday. JAKKS Pacific has a one year low of $14.86 and a one year high of $33.22. The firm has a market capitalization of $361.61 million, a P/E ratio of 14.74 and a beta of 1.39. The company’s 50-day simple moving average is $26.67 and its 200 day simple moving average is $23.02.

JAKKS Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $1.00 annualized dividend and a yield of 3.2%. JAKKS Pacific’s payout ratio is 46.95%.

Institutional Trading of JAKKS Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Donald Smith & CO. Inc. purchased a new stake in shares of JAKKS Pacific during the second quarter valued at about $4,784,000. Gabelli Funds LLC increased its position in JAKKS Pacific by 46.1% during the 1st quarter. Gabelli Funds LLC now owns 188,492 shares of the company’s stock worth $3,755,000 after purchasing an additional 59,473 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of JAKKS Pacific by 79.0% in 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. Bank of New York Mellon Corp purchased a new position in JAKKS Pacific in the second quarter valued at approximately $988,000. Finally, Lazard Asset Management LLC bought a new stake in shares of JAKKS Pacific in the 1st quarter valued at approximately $441,000. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc is a toy and consumer products company that develops, designs, produces and markets toys, games, seasonal products and related merchandise. Its product portfolio includes action figures, dolls, roleplay toys, dress-up and costume products, plush items, outdoor and sports toys, games, and other products for children and families.

The company markets products under its own brands, including Maui, Disguise and Moose Mountain, as well as through licensing and strategic partnerships with entertainment and consumer brands.