JAKKS Pacific (NASDAQ:JAKK) Share Price Crosses Above 200 Day Moving Average – Here’s Why

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.07 and traded as high as $22.86. JAKKS Pacific shares last traded at $22.80, with a volume of 55,467 shares trading hands.

Analyst Ratings Changes

Several research firms have issued reports on JAKK. Weiss Ratings upgraded shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Zacks Research lowered shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, JAKKS Pacific presently has a consensus rating of “Reduce”.

JAKKS Pacific Stock Up 2.9%

The company’s 50-day moving average is $22.20 and its two-hundred day moving average is $20.14. The company has a market capitalization of $273.42 million, a P/E ratio of 34.64 and a beta of 1.47.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. The business had revenue of $106.68 million during the quarter, compared to analyst estimates of $103.80 million. On average, sell-side analysts predict that JAKKS Pacific, Inc. will post 1.42 EPS for the current year.

JAKKS Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a yield of 4.2%. JAKKS Pacific’s dividend payout ratio (DPR) is presently 144.93%.

Hedge Funds Weigh In On JAKKS Pacific

Several institutional investors have recently modified their holdings of JAKK. State of Alaska Department of Revenue purchased a new position in shares of JAKKS Pacific during the 4th quarter valued at about $32,000. Royal Bank of Canada grew its position in JAKKS Pacific by 543.6% during the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock valued at $41,000 after acquiring an additional 1,745 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of JAKKS Pacific during the third quarter worth approximately $46,000. Quarry LP purchased a new position in shares of JAKKS Pacific during the third quarter worth approximately $51,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of JAKKS Pacific by 155.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock worth $64,000 after acquiring an additional 1,871 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors.

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.