Victory Capital Management Inc. Buys 13,409 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Victory Capital Management Inc. increased its position in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 217.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,577 shares of the company’s stock after purchasing an additional 13,409 shares during the quarter. Victory Capital Management Inc. owned approximately 0.18% of JAKKS Pacific worth $351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of JAKKS Pacific by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock worth $9,272,000 after buying an additional 10,746 shares during the period. LSV Asset Management lifted its stake in JAKKS Pacific by 40.3% in the first quarter. LSV Asset Management now owns 212,380 shares of the company’s stock worth $5,246,000 after acquiring an additional 60,977 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 in the last quarter. Hillsdale Investment Management Inc. increased its position in JAKKS Pacific by 35.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 98,518 shares of the company’s stock valued at $2,433,000 after purchasing an additional 25,900 shares during the period. Finally, Bank of New York Mellon Corp increased its position in JAKKS Pacific by 2.2% during 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 period. Institutional investors own 44.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Maxim Group started coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They issued a “buy” rating and a $46.00 price objective for the company. Small Cap Consu upgraded JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. StockNews.com downgraded shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, B. Riley initiated coverage on shares of JAKKS Pacific in a research note on Tuesday, September 17th. They set a “buy” rating and a $37.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $40.33.

JAKKS Pacific Stock Down 2.2 %

Shares of JAKKS Pacific stock opened at $25.32 on Tuesday. The company has a 50 day moving average price of $22.47 and a 200 day moving average price of $21.01. The firm has a market capitalization of $273.48 million, a P/E ratio of 9.31 and a beta of 2.34. JAKKS Pacific, Inc. has a 52 week low of $15.30 and a 52 week high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last released 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 firm had revenue of $148.62 million during the quarter, compared to analyst estimates of $162.42 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 14.36%. As a group, research analysts anticipate that JAKKS Pacific, Inc. 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.