JAKKS Pacific (NASDAQ:JAKK) Coverage Initiated at B. Riley

Analysts at B. Riley started coverage on shares of JAKKS Pacific (NASDAQ:JAKK) in a report released on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $37.00 price target on the stock. B. Riley’s target price would indicate a potential upside of 42.58% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Maxim Group started coverage on shares of JAKKS Pacific in a report on Monday, August 26th. They issued a “buy” rating and a $46.00 target price for the company. StockNews.com lowered shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Small Cap Consu raised shares of JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $40.33.

JAKKS Pacific Stock Performance

Shares of NASDAQ:JAKK opened at $25.95 on Tuesday. The company has a market capitalization of $280.29 million, a PE ratio of 9.54 and a beta of 2.34. The stock has a fifty day moving average of $22.05 and a 200-day moving average of $20.99. JAKKS Pacific has a one year low of $15.30 and a one year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). JAKKS Pacific had a return on equity of 14.36% and a net margin of 4.29%. The company had revenue of $148.62 million for the quarter, compared to analyst estimates of $162.42 million. As a group, research analysts forecast that JAKKS Pacific will post 2.18 EPS for the current fiscal year.

Insider Activity at JAKKS Pacific

In other news, major shareholder Lawrence I. Rosen acquired 10,088 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average cost of $17.58 per share, for a total transaction of $177,347.04. Following the completion of the acquisition, the insider now owns 1,885,672 shares in the company, valued at $33,150,113.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JAKKS Pacific

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in shares of JAKKS Pacific during the second quarter worth approximately $25,000. Meeder Asset Management Inc. increased its position in JAKKS Pacific by 1,617.0% during the second quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock worth $63,000 after acquiring an additional 3,331 shares during the period. Russell Investments Group Ltd. raised its stake in JAKKS Pacific by 37.1% during the 4th 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 last quarter. Lazard Asset Management LLC boosted its holdings in JAKKS Pacific by 13.0% in the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after purchasing an additional 1,020 shares during the period. Finally, Rhumbline Advisers boosted its holdings in JAKKS Pacific by 15.4% in the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after purchasing an additional 1,636 shares during the period. 44.38% of the stock is currently owned by institutional investors and hedge funds.

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.