JAKKS Pacific, Inc. (NASDAQ:JAKK) Receives $42.00 Average Price Target from Analysts

JAKKS Pacific, Inc. (NASDAQ:JAKK) has been assigned a consensus recommendation of “Buy” from the four research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $40.33.

Several research firms have issued reports on JAKK. StockNews.com cut shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Maxim Group started coverage on JAKKS Pacific in a report on Monday, August 26th. They issued a “buy” rating and a $46.00 price target on the stock. Small Cap Consu upgraded JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, B. Riley began coverage on JAKKS Pacific in a research note on Tuesday. They issued a “buy” rating and a $37.00 target price on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC increased its stake in JAKKS Pacific by 13.0% during the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after buying an additional 1,020 shares in the last quarter. Bank of New York Mellon Corp raised its stake in JAKKS Pacific by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 64,296 shares of the company’s stock valued at $1,152,000 after purchasing an additional 1,363 shares during the last quarter. nVerses Capital LLC purchased a new position in JAKKS Pacific in the 2nd quarter valued at $25,000. Russell Investments Group Ltd. lifted its holdings in JAKKS Pacific by 37.1% in 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 in the last quarter. Finally, Rhumbline Advisers boosted its stake in JAKKS Pacific by 15.4% during the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after purchasing an additional 1,636 shares during the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Trading Up 0.8 %

Shares of JAKKS Pacific stock opened at $26.15 on Tuesday. The firm has a market cap of $282.45 million, a PE ratio of 9.61 and a beta of 2.34. JAKKS Pacific has a 12 month low of $15.30 and a 12 month high of $36.84. The stock has a 50 day moving average of $22.19 and a 200 day moving average of $21.03.

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 the consensus estimate of $0.69 by ($0.22). The business had revenue of $148.62 million for the quarter, compared to analysts’ expectations of $162.42 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 14.36%. As a group, equities research analysts forecast that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

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.