Bank of New York Mellon Corp Has $1.15 Million Stock Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Bank of New York Mellon Corp lifted its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,296 shares of the company’s stock after buying an additional 1,363 shares during the period. Bank of New York Mellon Corp owned about 0.60% of JAKKS Pacific worth $1,152,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in JAKKS Pacific by 37.1% in the fourth 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. Janney Montgomery Scott LLC boosted its position in JAKKS Pacific by 17.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,052 shares of the company’s stock worth $713,000 after buying an additional 3,008 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in JAKKS Pacific by 56.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 119,667 shares of the company’s stock worth $4,254,000 after acquiring an additional 43,009 shares during the last quarter. Privium Fund Management UK Ltd acquired a new position in JAKKS Pacific in the 4th quarter valued at approximately $313,000. Finally, Quadrature Capital Ltd bought a new position in shares of JAKKS Pacific during the fourth quarter valued at $1,355,000. 44.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JAKK has been the topic of several analyst reports. Small Cap Consu raised shares of JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. Maxim Group assumed coverage on JAKKS Pacific in a research note on Monday, August 26th. They issued a “buy” rating and a $46.00 price target for the company. B. Riley started coverage on JAKKS Pacific in a research report on Tuesday. They set a “buy” rating and a $37.00 price objective for the company. Finally, StockNews.com cut JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $40.33.

JAKKS Pacific Stock Performance

Shares of JAKK stock opened at $25.88 on Friday. JAKKS Pacific, Inc. has a fifty-two week low of $15.30 and a fifty-two week high of $36.84. The stock has a 50 day simple moving average of $22.34 and a two-hundred day simple moving average of $21.05. The company has a market cap of $279.53 million, a P/E ratio of 9.51 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.22). JAKKS Pacific had a net margin of 4.29% and a return on equity of 14.36%. The company had revenue of $148.62 million during the quarter, compared to the consensus estimate of $162.42 million. On average, research analysts predict that JAKKS Pacific, Inc. will post 2.18 earnings per share for the current year.

JAKKS Pacific 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.