Dimensional Fund Advisors LP Grows Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Dimensional Fund Advisors LP increased its holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 29.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 444,488 shares of the company’s stock after acquiring an additional 102,155 shares during the quarter. Dimensional Fund Advisors LP owned about 4.12% of JAKKS Pacific worth $7,961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in JAKK. Meeder Asset Management Inc. increased its holdings in shares of JAKKS Pacific by 1,617.0% during the second quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after acquiring an additional 3,331 shares in the last quarter. American Century Companies Inc. lifted its holdings in JAKKS Pacific by 16.3% in the 2nd quarter. American Century Companies Inc. now owns 192,957 shares of the company’s stock worth $3,456,000 after purchasing an additional 27,046 shares in the last quarter. Koss Olinger Consulting LLC purchased a new position in JAKKS Pacific in the 2nd quarter worth approximately $354,000. Victory Capital Management Inc. increased its stake in JAKKS Pacific by 217.4% in the 2nd quarter. Victory Capital Management Inc. now owns 19,577 shares of the company’s stock worth $351,000 after acquiring an additional 13,409 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in JAKKS Pacific by 15.4% in the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after acquiring an additional 1,636 shares during the last quarter. Institutional investors own 44.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. B. Riley assumed coverage on JAKKS Pacific in a research report on Tuesday, September 17th. They set a “buy” rating and a $37.00 target price on the stock. StockNews.com downgraded JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Maxim Group assumed coverage on JAKKS Pacific in a research report on Monday, August 26th. They set a “buy” rating and a $46.00 target price on the stock. Finally, Small Cap Consu raised JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $40.33.

JAKKS Pacific Stock Down 2.3 %

JAKK opened at $25.03 on Tuesday. The business has a fifty day moving average of $23.51 and a 200 day moving average of $21.10. JAKKS Pacific, Inc. has a 52-week low of $15.30 and a 52-week high of $36.84. The stock has a market cap of $270.35 million, a P/E ratio of 9.20 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results 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 return on equity of 14.36% and a net margin of 4.29%. The firm had revenue of $148.62 million during the quarter, compared to analysts’ expectations of $162.42 million. Equities analysts anticipate that JAKKS Pacific, Inc. will post 2.18 EPS 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.